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Security Type
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CAFES
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Categories
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Infrastructure, Technology, Travel, Transportation & Storage
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Min Investment
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$100
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Valuation
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$100,000,000
Key Deal Facts
🌎 Using Anchorage as hub between Asia & U.S. unlocks low-cost model.
🧑🏼🤝🧑🏻 Doing $90M in 2022 just from Ravn Alaska, its regional airline also based in Anchorage.
💲 High fuel prices increase Northern Pacific's cost advantage.
📈 Icelandair ($1.5B revenue per year) proves the potential of one-stop, hub-and-spoke model.
💸 Total Addressable Market of $20B for trans-Pacific air travel.
✈️✈️✈️✈️ Four 757-200 aircraft acquired already. More coming soon.
🔮 By 2026, projecting: 50 aircraft, $1.3B revenue, $120M profit per year (not guaranteed).
Management Team / Advisory Board Bios
Josh Jones ChairmanJosh Jones is majority owner and chairman of Northern Pacific Airways. He founded DreamHost in 1996 and Bitcoin Builder in 2012. Josh serves on a variety of boards including Represent.Us, The Aquarium of the Pacific, and HMC INQ., Rob McKinney CEORob McKinney is the CEO of Northern Pacific Airways and Ravn Alaska, where he leads a team of over 400 employees. Rob has over 30 years of airline experience and has started or managed 8 airlines in his career., Thomas Hsieh PresidentTom Hsieh is President of Northern Pacific Airways. Tom began his career in technology with EarthLink in the 1990s, where he managed engineering and IT functions for over a decade from it's startup dates through it's IPO., Tina Hanley Managing Director CommercialTina Hanley is Managing Director of Commercial.
She was formerly an account executive with United Airlines, and in hospitality with Hilton and Marriott brands., David Temple VP Flight OperationsDavid Temple is Vice President of Flight Operations at Northern Pacific Airways. David brings his 46 years of Flight Operations experience to NPA to help assist the team to a successful launch., Steve Pruitt, Joel Rhodes, Tom Hallam
Amount Raised
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$6,877,429
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Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.