Air Taxi Company Closes New Round Of Financing | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Thu, Nov 06, 2008

Air Taxi Company Closes New Round Of Financing

Linear Air Also Launches Aircraft Management Program

Bucking current economic trends, air taxi provider Linear Air announced this week the close of $1.3 million in financing, which includes new capital and debt.

"This new financing was pivotal for us to maintain market leadership during the current economic environment," said President and CEO, William Herp. "While conditions for fundraising at this time are not ideal, we have a group of investors whose commitment to our success hasn't waivered and remains strong."

With the new financing, Linear Air is poised to launch its aircraft management program designed to assist those who have very light jet aircraft in the Northeast and Mid-Atlantic regions, with future potential for national service. The company's new VLJ Aircraft Management Program will assist those with VLJ aircraft who desire access to aircraft maintenance, pilot training and the potential for higher charter revenues.

The company says the program is most beneficial for Eclipse 500 VLJ aircraft owners... though it applies to a broad base of VLJ owners and aircraft types.

"Linear Air is ideally positioned for an Aircraft Management Program within the VLJ space due to our relationships with aircraft manufacturers and our in-house training program," says Herp. "Our ability to ease the pain for others who operate similar aircraft is increasing, especially as uncertainty continues to surround the Eclipse 500 manufacturer, Eclipse Aviation Corporation."

Under Linear Air's VLJ Aircraft Management Program, owners receive 85% of charter revenue, cover all related costs and pay a $2,500 monthly management fee to cover overhead. Linear Air offers owners higher aircraft utilization and higher cost offset through the company's large database of customers without the hassle of handling the transactions.

Based in Concord, MA, Linear Air provides point-to-point air taxi service with Eclipse 500 VLJs, and Cessna Grand Caravan turboprops.

FMI: www.linearair.com

Advertisement

More News

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

NTSB Final Report: Capella Aircraft Corp FW1C50

Pilot Reported That He Was Unfamiliar With The Single Seat Amateur-Built Airplane And His Intent Was To Perform High-Speed Taxi Testing Analysis: The pilot reported that he was unf>[...]

Classic Aero-TV: Timber Tiger Touts Curtiss Jenny Replicas

From 2023 (YouTube Edition): First Kits to Ship October 2023 Having formerly resurrected the storied shape of the Ryan ST—in effigy, anyway—Montrose, Colorado-based Tim>[...]

ANN's Daily Aero-Term (07.04.25): Performance-Based Navigation (PBN) [ICAO]

Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC