Our client, a US premier low-cost carrier, we are seeking strategic partners to invest in the company, in return for a private placement of new shares offering gross proceeds of up to USD $50 million.
Client Description - Our client is a recognized FAA Part 121 operator, committed to offering affordable and convenient travel options for both leisure and business travelers. The airline prioritises establishing direct connections between an under-served market in the US and key destinations in Asia and North America.
Location - Northern USA.
Fleet - Its current fleet consists of 4 Boeing narrow-body aircraft, with plans to expand to 15 aircraft by 2028.
Investment Needed - Seeking gross proceeds of up to USD $50 million.
Pre-commitments - USD $10 million, plus USD $ 16 million in SAFE’s and Convertible Notes
Capital via - Private placement of new shares
Unique Business Model - Pairing attributes of low-cost carrier & international business model by using a standardized narrow-body fleet that takes most appropriate aspects of each creates a unique & defensible business. Bring low-fare, low-cost business model to connect between Asia and North America.
Revenue generating - USD $70 million in Y2023
Unique selling points -
1)Strategic hub: First mover connecting under-served market in the US to other Hubs in the US and Asia, reducing travel times (EST 55-60%) and costs by allowing travellers to avoid immigration checks in busier airports.
2) Market Timing: Capitalizing on the growing demand for low-cost and long-haul travel between Asia and US traffic
3)Technology-Driven Experience: Streamlined digital services from booking to in- flight, ensuring a seamless travel experience. With a long-term view to develop new narrow-body technologies to extend the application of the business model further into Asia, to Europe, and ultimately within an immediate geographic footprint at potentially even lower costs.
4) Business model: Flexible, defensible, and scalable business model.
5)Global Vision: Bridging East and West, creating innovative routes and offering
cost-effective choices for travelers.
Executive Leadership - The leadership team boasts significant industry experience across various domains relevant to airline operations, start-ups, innovation, and technology
Documents available - Teaser, Investor Presentation, and Financial Statements
