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Aug 5, 2016 1:40 EST

Linear Air is a pioneer in the shared economy and has successfully built the only online marketplace for short flights on demand (air taxis).

iCrowdNewswire - Aug 5, 2016

Linear Air Logo

Linear Air

Bedford, MA 01730, US
Business Products & Services
www.linearair.com/

 

Linear Air is a pioneer in the shared economy and has successfully built the only online marketplace for short flights on demand (air taxis). Last year, the marketplace billings were $2.3 million.

Linear Air has entered into key partnerships with Kayak and Himpmunk, which have resulted in a favorable customer acquisition cost. Last year, the marketplace billings were $2.3 million. Linear Air’s business model is similar to other participants in the shared economy in that it owns the technology platform, and its operating partners own the aircraft.

 

 

 

The air taxi market is fragmented and underutilized. The traditional booking process for air taxis is also difficult, manual and inefficient. Linear Air’s technology is pioneering by providing information on air taxi flights over an online platform to enable real time booking, fare quotes, secure payments, and customer support. Linear Air has also been successful in getting air taxi flights listed on travel sites such as Kayak and Hipmunk. The technology platform provides many benefits for operating partners as well. A primary use of the current round will be development of a mobile platform.

Two of the principals, Bill Herp, CEO, and Scott Healy, Senior Marketplace Advisor have had successful exits from venture backed companies. Bill started e-Dialog , which was sold for $157 million and is now a part of eBay. Mr. Healy joined Care.com from $200,000 to $120 million in annual revenue. Care.com went public in 2014.

Products / Services

Online marketplace for Air Taxis (An UBER for the Skies)

The air taxi market is fragmented and underutilized. The traditional booking process for air taxis is also difficult, manual and inefficient. Linear Air’s technology is pioneering by providing information on air taxi flights over an online platform to enable real time booking, fare quotes, secure payments, and customer support. Linear Air has also been successful in getting air taxi flights listed on travel sites such as Kayak and Hipmunk. The technology platform provides many benefits for operating partners as well. A primary use of the current round will be development of a mobile platform.

 

Management

Chief Executive Officer
Bill Herp

Bill Herp Mr. Herp founded Air-Dialog LLC d/b/a Linear Air in 2004, an operator of Eclipse very light jets, a new aircraft design delivered in the mid-2000s that is widely regarded as the most economical jet charter aircraft on the market.

Previously, Mr. Herp founded the leading digital marketing technology and services provider, e-Dialog, a venture-backed company that utilized emergent market strategy processes to create new market disruption by introducing email and internet direct marketing into the world of database and direct marketing in the 1990s and early 2000s. e-Dialog was acquired for $157 million by GSI Commerce in 2008, and is now part of eBay.

Mr. Herp is a graduate of the University of Notre Dame and an MBA from Harvard Business School.

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
3 years, 8 months 12 e-Marketplace

 

Company Type Stock Exchange Stock Symbol
Privately-Held

 

Contact Information:

Chris Feduccia

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