The global leader in flavored shisha molasses and pioneer in advanced inhalation technologies, today announced plans to open a new approximately 70,000-square-foot manufacturing facility in Romania, located in Stefanesti, Bucharest North. The facility is expected to commence operations by Q1 2027.
Once fully operational, AIR expects to support more than 150 high-quality jobs at the facility, which is expected to be capable of producing more than 4,000 tons of flavored shisha molasses each year. This new facility would extend AIR’s operational capacity and flexibility in an increasingly uncertain global geopolitical environment.
“This new facility represents our continued momentum and a strategic advancement as we fortify our position as the global market leader in social inhalation products,” said Stuart Brazier, CEO of AIR. “As we expand our global footprint and move towards a public market listing, this facility will enhance our production capabilities and provide added operational resilience in the context of a more uncertain global geopolitical context. It’s exactly the type of strategic direction that supports long-term operational strength and supply chain flexibility for our growing line of products.”
AIR’s financial performance reflects the company’s strong market position and growth trajectory. In 2025, the company achieved revenues of approximately $400 million, representing 6% year-over-year growth, while EBITDA grew 8% to $139 million. The company has demonstrated particular strength in Western markets, including the United States, Germany and Spain, in which our sales grew at an approximate 14% CAGR from 2020 to 2025.
Background Information on AIR’s Business Combination
On November 7, 2025, AIR and CAEP announced that they entered into a definitive business combination agreement (the “Business Combination”) that, upon closing, is intended to result in the combined company AIR Global PLC (“AIR Global”) becoming publicly listed on the Nasdaq in the United States under the ticker symbol “AIIR.”
The transaction is expected to be completed in the second quarter of 2026, subject to regulatory approvals and other customary conditions. Additional information about the Business Combination, including a copy of the Business Combination Agreement, are available in a Current Report on Form 8-K filed by CAEP with the SEC on November 7, 2025 and the definitive proxy statement filed by CAEP and the Registration Statement filed by the Company and AIR Holdings Limited with the SEC, each dated April 22, 2026 and all available at www.sec.gov.
About AIR
Launched in 1999 and headquartered in Dubai, AIR is a global innovation leader in social inhalation, with a multinational presence in over 90 markets worldwide. Its portfolio of companies and assets includes Al Fakher, the world’s leading flavored shisha molasses brand; Hookah.com, North America’s number one B2B e-commerce platform for hookah and shisha by market share; and OOKA, a highly innovative charcoal-free shisha device, among others. AIR’s science program, conducted in partnership with independent accredited laboratories, enables the development of innovative products that combine centuries of tradition with cutting-edge technology designed to reduce harmful compounds and maximize enjoyment for millions around the world.
For more information, please visit https://air.global/.
About Cantor Equity Partners III, Inc.
Cantor Equity Partners III, Inc. (Nasdaq: CAEP) is a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald and led by Chairman and Chief Executive Officer Brandon Lutnick. Cantor Equity Partners III, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with nearly 16,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 81 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more.This press release contains “forward-looking statements,” within the meaning of U.S. federal securities laws. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “opportunity,” “plan,” “project,” “should,” “strategy,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions (including the negative versions of such words or expressions.
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