NorthEast Planes Aviation, Inc.
Developing a Private Aviation College
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NorthEast Planes Aviation, Inc. (“NorthEast Planes Aviation”, or the “Company”) was formed for the purpose of operating as a private aviation college that produces professional pilots who are job ready. The Company owns two aircraft, a Piper Seminole twin engine and a Piper Warrior single engine trainer. Current revenue streams consist of flight training, aircraft rentals, aerial tours, sales of pilot supplies and aeronautical charts, and contract flight training through a national company, Professional Instrument Courses.
NorthEast Planes Aviation is currently based out of the Brush Municipal Airport in Colorado. One of the Company’s two aircraft are kept in the Company owned hangar, but there are no other hangars available for rent or purchase. A mobile office is rented where students are met, a portable flight simulator is set up and pilot supplies are available for sale.
NorthEast Planes currently has flight training customers from the entire Northeastern Colorado area, Northwest Kansas, and Western Nebraska. Recent multi-engine students traveled from Southwest Kansas and Colorado Springs for the quality of training offered at NorthEast Plans Aviation.
The Company is seeking expansion capital needed for the company to grow into a regional, if not national, presence in the flight training industry. The Company has created an expansion plan that involves several phases to address the Company’s lack of space at its current location:
The Company has created an expansion plan that involves several phases to address each of the Company’s current problems:
The location chosen for the Company’s planned expansion is Cheyenne Regional Airport. Preliminary discussions revealed a high level of interest on the city’s part in growing the airport, and the existence of infrastructure already in place suitable for the Company’s development needs. Existing building lease terms are $3 per square foot per year. Ground lease terms are projected at $0.20 per square foot per year, initially, for the building footprint used, and a 20 year lease with one or two options to renew for similar terms.
The market for flight training consists primarily of four groups:
The air taxi charter market consists of two segments:
The maintenance market has four components:
It is expected that the Company’s fuel sales will be limited to company operations and maintenance customers, due to the present FBO being operated by the City of Sterling. However, having fuel available at wholesale cost for company operations will save the Company thousands of dollars, and allow us to use fuel as an incentive for maintenance customers, for example, offering a small amount of free or discounted fuel with the purchase of maintenance.
The market for pilot supplies will be primarily students in the professional pilot and college programs. Each of these students will purchase at least $400 in charts, textbooks, and headsets, and many students will purchase additional items such as flight jackets, upgraded headsets, and miscellaneous trinkets with the company logo affixed.
The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations
Born December 16, 1948, in Laramie, Wyoming, Mr. Arthur spent his childhood in various Western states, mostly Colorado and South Dakota. After graduating high school in rural Eastern Colorado, he found work on farms and ranches in Colorado as well as in the oil fields in Wyoming to pass the time awaiting his entry into the US Navy. He was trained as an aircrewman on Navy Patrol aircraft, and survived one tour of Vietnam, earning 2 air medals and a combat ribbon.
He remained on active reserve duty after separation from active duty in 1969, until his appointment to the California Highway Patrol Academy in October 1971. After graduation, he was assigned to the Riverside Area CHP office, where he married the mother of his 2 children and obtained a Business Administration degree from Riverside City College. Four assigned areas and 20 years later, he retired from the CHP and began his aviation career as a flight instructor at his local airport.
Since then, Mr. Arthur has accumulated over 10,000 hours of flight time and over 7,500 hours of pilot training experience. His experience includes flying for United Express, 4 air taxi charter companies, and as a staff flight instructor for Lufthansa, and managing a large flight school in Denver.
He founded NorthEast Planes Aviation Inc. in 2006 in the wake of 9/11. He conducts ground schools and flight training, as well as “mock checkrides” to help students prepare for the real thing. He is responsible for all air operations: including hiring, training, licensing, and piloting. He has leased, owned, or operated 63 different makes of aircraft, and 30 years of experience operating his own business. He has a reputation in the area for quality flight instruction, and a history of providing quality customer service.
NorthEast Planes Aviation, Inc. (the “Company” or “NorthEast Planes Aviation”) a Colorado Corporation, is offering 90,000 shares of Series B Convertible Preferred Stock for $20.00 per share.