Evelop
Evelop Airlines S.L. (operating as Iberojet) is a Spain-based leisure airline offering low-cost flights from Mexico and Europe to Caribbean, Mexico, Thailand, Mauritius, and Central America destinations, serving individual leisure travelers through D2C and travel-agency channels.
- Company typePrivate
- Founded2013
- HeadquartersPalma De Mallorca, Spain
- Headcount251–500
- GTM typeB2C
- OfferingServices
Evelop firmographics
Firmographics- Name
- Evelop
- Legal name
- Evelop Airlines S.L.
- Website
- https://evelop.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Evelop Airlines S.L. (operating as Iberojet) is a Spain-based leisure airline offering low-cost flights from Mexico and Europe to Caribbean, Mexico, Thailand, Mauritius, and Central America destinations, serving individual leisure travelers through D2C and travel-agency channels.
- Ownership category
- akta.pro rank
Evelop industry classification
Industry- Product category
- Leisure Air Transportation
- NAICS
- Scheduled Passenger Air Transportation (481111)
- SIC
- Air Transportation, Scheduled (4512)
- akta.pro primary industry
- Global Network (Intercontinental) Full-Service Airlines (THABAAAA)
- akta.pro secondary industries
- Island & Remote Region Regional Airlines (THABACAL), Cabin Crew Services & Onboard Service Delivery (THABAMAC)
Keywords
Where Evelop is headquartered
LocationHeadquarters
- HQ city
- Palma De Mallorca
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Evelop business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Airline Ticket Sales: Direct sale of flights to Caribbean, Mexico, Thailand, and European destinations (Madrid, Barcelona) from Mexican and European cities
- Ancillary Services: Revenue from additional services including extra baggage, seat selection, travel insurance, and special assistance
- Package Holidays: Bundled travel packages to Caribbean, Mauritius, Thailand, and Costa Rica destinations
- Premium Services: Premium onboard services including Turista+ class, gourmet menu, and restaurant service
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Economy fares with basic inclusions |
| Transaction based/ take rate | Pay-as-you-go | Turista+ Premium Service |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Evelop product offering
Product offeringCore offering
Evelop Airlines S.L. (operating commercially as Iberojet) is a Spanish leisure airline that sells scheduled passenger flights connecting Mexico and Portugal/Spain (Madrid, Barcelona, Lisbon) with Caribbean destinations, Costa Rica, Thailand, and Mauritius. It complements its flight inventory with bundled holiday packages via paquetes.iberojet.com and a suite of ancillary services including extra baggage, seat selection, travel insurance, installment payments, the Turista+ premium economy cabin, onboard premium dining, and an in-flight entertainment platform.
Product overview
Iberojet is a low-cost airline brand operated by Evelop Airlines S.L., offering direct flights primarily between Mexico and European destinations including Madrid, Barcelona, and Lisbon, as well as flights to Caribbean destinations, Thailand, and Central America. The core product is the airline's flight booking service, supplemented by a comprehensive suite of ancillary services including online booking management, check-in, additional baggage, travel insurance, and installment payment options. The airline also offers premium experiences through Turista+ (enhanced economy class), premium dining menus, and in-flight entertainment. Iberojet provides package holidays through its sub-brand paquetes.iberojet.com, offering bundled travel to destinations such as Mauritius, Thailand, Costa Rica, and the Caribbean. The service portfolio includes a mobile app, special passenger assistance, and travel packages combining flights with accommodation and activities.
Differentiator
Problem solved
Functional benefit
Products and services
- Iberojet Scheduled Passenger Flights Low-cost scheduled passenger air travel to Caribbean destinations, Mexico, Thailand, and major European cities (Madrid, Barcelona, Lisbon) operated under the Iberojet commercial brand. Targeted at leisure travelers and travel-agency resellers.
- Iberojet Travel Packages (Paquetes / Viajes) Bundled travel packages combining Iberojet flights with accommodation and activities to destinations such as Mauritius, Thailand, Costa Rica, the Caribbean, and Riviera Maya, sold via paquetes.iberojet.com.
- Turista+ Premium Economy Premium economy class upgrade offering enhanced seating and onboard amenities for passengers seeking a more comfortable Iberojet travel experience.
- Seguros de Viaje (Travel Insurance) Travel insurance coverage options covering flight disruptions, medical emergencies, and trip cancellations, available for purchase alongside Iberojet flight bookings.
- Cartelera In-flight Entertainment Cloud-based in-flight entertainment platform (Cartelera) delivering movies, shows, and other media content to Iberojet passengers during flights, operated on Quivertree Media infrastructure.
- App Iberojet (Mobile App) Standalone mobile application for iOS and Android providing Iberojet flight booking, check-in, and travel management features on mobile devices.
Companies that use Evelop
Customer profileSegments3 records
Ideal customer profiles2 records
Evelop technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Evelop partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- European Union Emissions Trading SystemminorIberojet received EU co-financing of 2,330.64 EUR through the EU Emissions Trading System for the use of eligible Sustainable Aviation Fuel (SAF) in 2024. This is a regulatory/environmental compliance partnership rather than a commercial business partnership.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Evelop competitors and assessment
Company assessmentDirect peers
- Air Europa: Spanish airline operating long-haul leisure and business routes from Madrid and Barcelona to Caribbean, Mexico, and Latin America. Most direct competitor to Iberojet on Spain-to-Caribbean and Spain-to-Mexico routes, with similar Spanish-owned positioning.
- Wamos Air: Spanish charter and scheduled leisure airline with a focus on long-haul routes from Spain to Caribbean, Mexico, and Asia. Comparable in fleet size, leisure orientation, and Iberian base.
- Plus Ultra Líneas Aéreas: Spanish long-haul leisure carrier serving Spain-Latin America routes including Caribbean and Mexico. Closely comparable to Iberojet in business model, fleet type (widebody), and target customer (price-sensitive leisure travelers between Spain and LATAM).
- World2fly: Iberostar-owned Spanish leisure airline operating long-haul flights from Spain and Portugal to Caribbean, Mexico, and Asian destinations. Direct competitor with comparable value-positioning on Caribbean/Mexican leisure routes.
Emerging players
- Smartwings: Czech-based leisure airline group operating charter and scheduled services to Mediterranean, North Africa, and long-haul destinations including Asia. Comparable in mid-size leisure carrier positioning with mixed charter/scheduled model.
- Norse Atlantic Airways: Norwegian-founded low-cost long-haul carrier operating between Europe and North America/South America/Caribbean. Comparable in low-cost long-haul business model targeting price-sensitive leisure travelers between continents, though primarily transatlantic-focused.
- Condor: German leisure airline specializing in long-haul charter and scheduled flights to Caribbean, Asia, and Indian Ocean destinations from German-speaking markets. Comparable in leisure value positioning and long-haul widebody operations, though primarily serves DACH rather than Spain/Mexico origin markets.
Broad incumbents
- Iberia: Flag carrier of Spain and part of IAG, operating a full-service network including extensive long-haul services to Latin America from Madrid. Larger incumbent competing on the same Spain-LATAM corridors but with premium business class, loyalty program, and cargo operations that Iberojet cannot match.
- TUI fly: European leisure airline group operating charter and scheduled services to holiday destinations including Caribbean, Mexico, and Asia. Comparable in leisure-focused business model and long-haul tour-operator integration, but operates at significantly larger scale across multiple European bases.
Regional players
- Edelweiss Air: Swiss leisure airline (part of Lufthansa Group) operating long-haul services from Zurich to Caribbean, North/South America, and Asia. Comparable in leisure long-haul positioning and partner-with-tour-operator model, though serving the Swiss rather than Spanish/Portuguese market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Evelop social profiles
Digital presenceEvelop financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evelop leadership team
Management profileNumber of profiles
Evelop subsidiaries and ownership
Company hierarchySubsidiaries1 record
Evelop funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evelop M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evelop
What does Evelop do?
Evelop Airlines S.L. (operating commercially as Iberojet) is a Spanish leisure airline that sells scheduled passenger flights connecting Mexico and Portugal/Spain (Madrid, Barcelona, Lisbon) with Caribbean destinations, Costa Rica, Thailand, and Mauritius. It complements its flight inventory with bundled holiday packages via paquetes.iberojet.com and a suite of ancillary services including extra baggage, seat selection, travel insurance, installment payments, the Turista+ premium economy cabin, onboard premium dining, and an in-flight entertainment platform.
Is Evelop a public or private company?
Evelop is a private company. It is classified as corporate owned and is currently operating.
When was Evelop founded?
Evelop was founded in 2013. It employs 251 to 500 people.
Where is Evelop based?
Evelop is headquartered in Palma De Mallorca, Spain, in the Europe region.
How does Evelop make money?
Four revenue lines are on record. Airline Ticket Sales are the primary driver. The others are ancillary Services, package Holidays and premium Services.
Who are Evelop's main competitors?
Direct peers on record are Air Europa, Wamos Air, Plus Ultra Líneas Aéreas and World2fly. Emerging players are Smartwings, Norse Atlantic Airways and Condor. Broad incumbents are Iberia and TUI fly. Edelweiss Air is listed as a regional player.
Does Evelop have an API?
No public API is recorded for Evelop.
What industry is Evelop in?
Evelop's product category is Leisure Air Transportation. Its primary akta.pro industry code is THABAAAA, Global Network (Intercontinental) Full-Service Airlines, with a secondary code of THABACAL, Island & Remote Region Regional Airlines. Its NAICS code is 481111 and its SIC code is 4512.