Joseph Vasta

jtv8527@gmail.com, FL (USA)
Role(s):
Founder/Owner/Principal

Sunshine World Airways LLC

Find More Investors Investor
Location: Temple Terrace
Range: $500k - $10 Mil
Investor Type: Bank
Accredited: Yes
Description: Startup company looking for seed or bridge to start flying to and from Lakeland Florida
Funding Types:
  • Equity Funding (VC, Angel, PE)
  • Commercial Mortgage/Lease
  • Equipment Financing
  • Operational/Growth Funding
Industries:
  • Transportation
Investment Regions:
  • United States
  • FL
Founder/Owner/Principal

Sunshine World Airways LLC

Find More Startups Startup
Location: Tampa
Industry: Transportation
Year Founded: 2008
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: Executive Summary Sunshine World Airways is a new consumer airline in its formative stages. It is being organized to take advantage of a specific gap in the short-haul domestic travel market. The gap exists in low cost service out of Lakeland, Florida. The gap in the availability of low cost service in and out of the Lakeland Regional Airport hub coupled with the demand for passenger travel on selected routes listed below. Lakeland indicates that a new entrant airline could be expected to capture a significant portion of current air travel business at that hub. Our research and projections indicate that air travel to and from Lakeland is sufficient to provide a new carrier with revenues of $42,952,000.00 in its first full year of operations, utilizing 4 aircraft and selected routes list in paragraph 2.2 of business plan. The first year of formative operations will burn cash until revenue can commence. This is due to the organizational and regulatory obligations of a new air carrier. Investment activity is needed to handle the expenses of this phase of the business. With the deregulation of the airline industry in the 1970’s smaller airports were dropped by the major airlines. To this day very few of these airports are being served by the major airlines. There is a potential for this airline to make a significant profit.