Mint Air is an international aviation holding company that buys aircraft in the after-market and leases them to Part 135 charter operators. Its strategy of after-market purchases enables the Company to take advantage of the dramatic decline in aircraft prices. Mint Air serves the larger charter operators that have a fleet of 15 planes or more.
These larger operators have higher volume and will benefit most from Mint Air’s business model. Within the Part 135 segment, the Company focuses on providing mid-size and large planes, which account for 74% of the U.S. market and 56% of the European market.
The Company expects its fleet of aircraft to consist primarily of the Gulfstream IV (GIV) with a variety of other aircraft including the Gulfstream 200 (G200), Boeing Business Jet (BBJ), Citation Jet (CJ) and Eurocopter AS350 (AS350).