ImagineAir, in a deal with the specialty investment banking firm RockBridge Capital Partners, Inc. will raise $18.2 Million for the addition of as many as 24 aircraft. ImagineAir will continue to grow its fleet of Cirrus SR22 aircraft and bring the first of its Eclipse 500 very light jets online, currently scheduled for delivery in the next two months. The financing will include common equity, senior debt and leasing of the aircraft, and financing of pre-delivery deposits.
"After seven consecutive months of increasing revenue, securing this financing will be a significant milestone for ImagineAir. It will enable us to continue the positive growth of our business model," said ImagineAir CEO Aaron Sohacki, who launched the company in early 2007, building the around its on-demand service that features an innovative online scheduling and booking system, a real-time fleet optimization program to maximize operational efficiency, and guaranteed point-to-point prices.
"This is an exciting time in the aviation industry and we are delighted to be a part of the team at ImagineAir and assist it in building its growing business," said Bill Lockhart, managing partner of RockBridge Capital Partners, Inc.
ImagineAir currently serves over 600 airports in the Southeast and has begun the process of selecting additional airports at which to base airplanes. With the addition of the Eclipse 500 VLJ, the company will be in the unique position of being able to offer customers a jet or cutting edge piston aircraft, whichever is most efficient for their mission.
Based in Lawrenceville, Georgia, ImagineAir is committed to providing safe, affordable, and reliable on-demand air taxi service throughout the Southeastern United States. With its fleet of new Cirrus SR22-GTS and Eclipse 500 very light jet (VLJ) aircraft and a network of thousands of underutilized airports,