Volotea is an airline established by Barcelona-based Alaeo S.L., a company created by former Vueling founders, Carlos Munoz and Lazaro Ros. It commenced operations on 5 April 2012, from Venice Marco Polo Airport. The name "Volotea" originates from the Spanish verb "revolotear," meaning "to fly around."The company is backed by three private-equity funds, two of them from Europe and a third one from the United Statesâ€”CCMP Capital, whose chairman, Greg Brenneman, one-time President and COO of America"s Continental Airlines, also chairs Volotea"s board. The company raised over â‚¬50m before operations began.
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