AEROSPACE MANUFACTURING ACQUISITION
- Funding Goal$300,000
- Minimum Reservation$10,000
- Interest (% per year)3.25%
- Term Length (Months)12 months
- Valuation CapN/A
- Conversion Discount (%)50%
- Warrant Coverage (%)N/A
- Open Date05/11/2015
- Closing Date06/15/2015
- ESTABLISHED AEROSPACE MANUFACTURING COMPANY
- INTERNATIONALLY BRANDED INDUSTRY LEADER
- GROUND FLOOR INVESTMENT
THIS IS A PRE-AQUISITION INVESTMENT IN A WELL-KNOWN PRIVATE AEROSPACE COMPANY (LEARJET) BASED IN WICHITA KANSAS WITH SALES INTERNATIONALLY. POST- ACQUISITON THE NEW COMPANY WILL GO PUBLIC.
OKAIR AVIATION, INC. BACKGROUND
OKAIR Aviation, Inc. is a 23 year old Oklahoma US citizen company in business since 1992.
It’s President, James Ray has over 40 years aviation related experience ranging from TWA airline pilot to CEO and bankruptcy workout and turnaround specialist. Mr. Ray was directly involved in three venture capital bankruptcy turnarounds and has acted as advisor to other companies.
Mr. Ray has experience in aircraft maintenance management, flight operations, aircraft maintenance inspections, field evaluations and inspections, technical services support, and FAA certifications including PMA, Original Type, and STC certifications.
OKAIR is a 23 year old aviation operations and management company with a wide range of aviation experience. OKAIR successfully remarketed 12 aircraft during the most difficult period following the catastrophic 9-11-2001 influences on the aviation market. These aircraft included three SN 500 series, four SN 600 series, and five SN 700 series Fairchild Metro III aircraft. Two aircraft were modified to Metro III Heavy aircraft.
OKAIR has imported other various Regional Aircraft from Canada, New Zealand, and Mexico and subsequently remarketed the aircraft in the United States, Australia and the Bahamas.
OKAIR has been involved directly in various aspects of Asset Management of aircraft for clients in the USA and internationally including Bolivia and New Zealand. Management of assets has included appraisals of Metro II & III aircraft and market analysis for Bombardier DHC-7 and SabreLiner jet aircraft.
OKAIR also has experience in Aircraft Leasing/Financing, Litigation Support, Valuations, Acquisitions, Buyer Representation, FAR Part 121/135 FAA Certification and Operations, Business and Commercial Flight Operations, Logistics, Feasibility Studies, and Cost/Benefit Analysis.
OKAIR has held an FAA Air Carrier Operating Certificate and has previously contracted with the US Postal Service, Federal Express, and UPS.
USE OF FUNDS
OKAIR Aviation is pursuing the acquisition of an aerospace manufacturing company (Learjet Corp.) These funds will be used to pay for costs related to the pursuit of that company.
Bridge financing will be used to purchase the target company.
After purchase and closing OKAIR will utilize investment bankers to take the new company public.
President / CEO
JAMES RAY PRESIDENT/CEO BACKGROUND 1) Trans World Airlines: James Ray became a pilot for TWA in March 1966. He flew for TWA though-out the USA and Europe until 1970 when he was laid off. Unable to find a job because he was considered over qualified and prospective employers feared he would be recalled to TWA, Ray founded Midland Air Cargo in 1971. 2) Midland Air Cargo: Ray started Midland Air Cargo flying small packages between Kansas City and St. Louis. He financed the business using equity from property in Kansas City. Midland was successful and was purchased by Great Western Aviation in 1974. 3) Great Western Aviation: Great Western was a USPS contractor and desired to expand into air cargo. Great Western purchased Midland in 1974. Ray became Vice President of Sales and Operations and worked for Great Western until 1977, when Ray left to found Soonair Aviation. 4) SOONAIR Aviation, Inc: Ray started Soonair to take advantage of an opportunity to contract with FedX, UPS and other package express companies flying small packages in the Midwest. Soonair operated and maintained twin turboprop aircraft. Soonair became successful and was sold by investors and Ray in 1982. 5) OKAIR Aviation, Inc: OKAIR began in 1982 as a consulting company providing services to aviation companies and three Venture Capital companies. In 1992 OKAIR evolved into an operating company providing contract services to UPS in Kansas, Colorado, and Wyoming. OKAIR operated and maintained up to fifteen twin turboprop aircraft. OKAIR has advised as both Principal and Consultant on major aviation related acquisitions. Unsuccessfully pursued acquisition of Hawker Beechcraft 2012-2013.