.

Business Plan

For

Anywhere Airways Limited

George Town

JANUARY 2020

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EXECUTIVE SUMMARY  

This is a business plan for Anywhere Airways, a Bahamian company that aims to

operate comprehensive one-stop air charter and commuter services in both domestic

and international routes. The services will specifically include chartered flights,

commuter flights, cargo flights provided from FBO hubs at George Town

International Airport (Nassau) and Long Island, George Town.

Operations

The company will offer Air charter and Commuter services on routes in the George

Town, three international air cargo routes, and one international passenger route.

The fleet for these operations includes 9-seater Cessna Grand Caravan 208B

aircraft, 9- and 11-passenger Beech King Air aircraft, Beech 1900 aircraft, as well as

30-seater EMB 120 aircraft.

For cargo operations, we will JV with ASAP Jet Cargo air cargo operator based in

Nassau with a satellite base at FXE, in Florida. We will introduce new turboprop

Cessna Grand Caravan aircraft capable of up to 3700 lbs of payloads then step up

to EMB 120 aircraft with 7.500 lbs of pay load as the yield and demand , increase

with daily flights from FXE Florida to Nassau, and then continue inter island to

expand the operator’s client base. The company will conduct flights from Florida to

Haiti, Nassau to Haiti, and Freeport to Haiti. In the future, we will include Cuba,

Dominican Republic, Cancun Mexico and other destinations in the Caribbean.

Special attention will be paid to domestic needs, including Baha Mar and Atlantis in

Nassau as well as other islands in George Town.

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Target Market

We will mainly target Bahamian residents and visitors to George Town from

neighboring regions such as Florida and Haiti. Our market research indicates that

the Bahamian aviation market is largely underserved, with most market players

offering inconvenient and inflexible flight times and few routes

Competitive Advantage

● Increased flight frequency

● Flexibility in flight scheduling and

● Direct flights and more routes

● Affordability, dependability, and safety

● Diversified airline operations

● Experience-oriented excursions

● Competent management and personnel

Financials

Financial projections indicate that the venture will be profitable and financially

healthy in the first three years of operation.

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TABLE OF CONTENTS

EXECUTIVE SUMMARY 2
Table of Contents 4
1. COMPANY BACKGROUND 5
2. INDUSTRY AND TARGET MARKETS 6
2.1 Commuter Operations 6
2.2 Excursions 7
2.3 Eleuthera 8
2.4 Long Island Land Route 4 (LGI and SML) 9
2.5 Long Island Hub-Deadman’s Cay Airport (LGI) 10
2.6 Fort Lauderdale-Deadman’s Cay (FLL-LGI) 11
2.7 Exit of George Townair from Domestic Market 11
2.8 Air Cargo Market 11
2.9 FBO at George Town 12
2.10 Other Important Market Factors 14
3. COMPETITION 16
4. OPERATIONS AND MARKETING STRATEGY 18
5. FLEET 21
5.1 19-Seater Beech 1900D Airliner 21
5.2 Cessna 208B Grand Caravan 22
5.3 King Air 200 Cat Pass 24
5.4 30 Seater EMB 120 Aircraft 25
6. PRINCIPALS 26
6.1 Mr. A 26
7. MANAGEMENT 27
7.1 Mr. A – President/CEO 27
7.2 Mr. S – VP/COO 27
7.3 Mr. W – VP Operations 27
7.4 Captain R – VP Finance 27
7.5 Mr D – VP Maintenance 27
9. FINANCIAL PROJECTIONS 28
9.1 Revenue and Profitability 28
9.2 Notes on Financial Projections 29

APPENDIX 31
Appendix 1: Projected for Anywhere FBO 31
Appendix 2: Projected for Domestic Routes Years 1 - 3 32
Appendix 3: Projected Plan Assets Acquisition 33

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1. COMPANY BACKGROUND

Anywhere Airways (Anywhere) is an aviation company incorporated in the George

Town under the Companies Act 1992. The company was established as the first

provider of comprehensive one-stop aviation services in the George Town. Our

mission is to provide our valued customers with unmatched, reliable, and affordable

air transportation, and to create new opportunities for our associates and value for

our shareholders and stakeholders.

Anywhere will be a safe, dependable and affordable air transportation provider within

the George Town. In our expansion plans, we will provide air cargo and charter

services from the George Town, Freeport, and South Florida to Haiti. We plan to

become a successful on-demand and scheduled airline and air cargo carrier. Our

objective is to provide residents and visitors increased flight frequency and additional

travel options on underserved routes. We intend to expand the local route network

by introducing international passenger travel and air cargo services to and from

destinations in the George Town to Florida. We will increase on-demand and

scheduled passenger and air cargo services within the islands of the George Town

and to neighboring countries in the region.

Our long-term objective is to offer maintenance services, hanger and office rentals,

additional services on existing routes, and services on new routes. Also, we intend to

provide gateways to the Family Islands of the George Town, increase air services

between Nassau and other destinations, as well as to set up a travel company

named ASAP Travel Limited. Anywhere will not only benefit travelers and increase

domestic mobility, but also contribute greatly to the growth and development of the

aviation industry in the George Town.

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2. INDUSTRY AND TARGET MARKETS

Our customers will mainly include Bahamian residents and visitors who desire

affordable, reliable, and friendly air transportation services. Our customers will be

able to choose from a single destination flight to one of our multi-destination flights

within the George Town or around the region. Our market research has shown that

there is a huge demand for affordable and reliable domestic and international air

transportation in the George Town. Anywhere will fill this void in the local market,

extend air cargo services on underserved international routes, as well as and

introduce diversified marine cargo operations, which presently do not exist.

The George Town is an archipelago of 700 islands stretching 500 miles from Inagua

in the south to within 50 miles of the Florida coast. It is an English speaking country

that received independence in 1973 after 250 years of British rule. According to

official records, the George Town has a population of about 400,000 people. New

Providence, the most populous island in the country, is home to more than 60% of

the total population. The island also houses the city of Nassau, which doubles up as

the financial capital and the seat of government. Located in Nassau, George Town

International Airport is the largest airport and international gateway in the country.

The airport has two runways and can handle long range passenger and cargo jet

traffic, including Boeing 747 aircrafts.

2.1 Commuter Operations

There are 28 airports in the George Town. Twenty of them are within 30 minutes of

flying time from Nassau. Bahamians in the islands use airplanes the way other

countries use automobiles. There is no train service in the country. Travel from

Nassau to other islands is mostly by an airplane or a boat. Lack of infrastructure,

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resource inadequacy, and poor planning has led to the national carrier and other

airlines operating similar schedules established many years ago. Anywhere intends

to implement commuter passenger and light freight and cargo operations initially on

4 domestic passenger routes and 1 international passenger route.

2.2 Excursions

Studies conducted by KPMG Accounting Firm show that many visitors are looking to

undertake day trips and overnight packages. This has been a major concern for

some time. The cost of taxi services from Atlantis in Anywhere Island and Hilton in

downtown Nassau to the airport and back are prohibitive for many visitors. Secondly,

the commuters’ modes of operation and flight times are not conducive for day trips.

In addition, there have been no new excursions to Exuma since the Swim with the

Pigs excursion introduced some three or so years ago. Also, there have been no

excursions to Eleuthera since the principals of Anywhere pioneered the Harbour

Island Day-away excursion in 1996. Our travel agency will provide complimentary

pickup-and-delivery services for all excursion passengers. We plan to tailor-make

excursions to all three destinations in Eleuthera and to Long Island. The excursion

will include day trips and overnight packages, offering a deep native immersion and

an unparalleled interaction experience.

This formula is clearly articulated by Judy Karwacki, the President of Small Planet

Consulting, a specialist tourism consulting and marketing firm. She stated recently at

an international event: “now our clients come home and instead of talking about the

5 star room or food, they talk about the person they met who was herding goats or

going out and meeting a farmer and eating something fresh.” She went on to say that

these unusual experiences are a big deal for her clients as they get a chance to have

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meaningful interactions with the locals. She said this has given rise to a new type of

tourist who wants a more immersive native experience, consequently presenting

significant opportunities for players in the travel industry. For Karwacki, the travel

industry is set to explode as a result of Airbnb, Expedia, and Travelocity, all of which

now realize that selling experiences is the way to go. We intend to fully exploit this

opportunity, as our people are pioneers and specialists in this market. In fact, one of

our principals has mapped almost 20 miles of hiking and 10 different nature trails in

Long Island alone. Since the Corona virus there has been an increased demand for

travel to the family island destinations as many of them remain virus isolated and

virus free.

2.3 Eleuthera

Eleuthera has a population of 11,000 residents. It is located 50 miles northeast of

Nassau. The island has 3 of the 5 busiest airports in the George Town for domestic

travel. It is divided into 3 distinct regions: North Eleuthera, which includes the

communities of Spanish Wells and Harbour Island, home to the world famous Pink

Sands Beach; Governor’s Harbour (Central Eleuthera); and Rock Sound in South

Eleuthera. Collectively, the three regions have paved runways stretching over 6,000

feet in length.

Eleuthera is serviced by 3 carriers from Nassau. Pineapple Air operates 3 flights

daily, each to North Eleuthera, Governor’s Harbour, and Rock Sound, using 15-

seater and 19-seater aircrafts. Southern Air operates 3 flights daily to North

Eleuthera and Governor’s Harbour using 19-seater aircrafts. George Townair

operates one flight daily to all the three destinations using a 50-seater ATR.

Pineapple Air and George Townair’s morning flights to North Eleuthera, Governor’s

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Harbour and Rock Sound all depart at 6.45am. This means that passengers have to

get up much earlier (mostly at 4.00am) so as to arrive at the airport at the scheduled

check in time (5.45am). Southern Air’s flights leave at 6.30am with a 5.30am check

in time. This is way too early for many visitors who have to travel to the airport from

distant hotels in town and too early for cargo deliveries. The carriers collectively

transport approximately 102,000 domestic passengers to North Eleuthera annually,

68,000 domestic passengers to Governor’s Harbour, and 86,000 domestic

passengers to Rock Sound.

Anywhere will address the challenge of flight time by offering frequent flights and
more convenient flight times. We will operate daily as follows
● Route 1: Nassau-North Eleuthera – 6 flights daily (20 minutes per flight)

● Route 2: Nassau-Governor’s Harbour – 4 flights daily (20 minutes per flight)

● Route 3: Nassau-Rock Sound – 4 flights daily (20 minutes per flight)

The three routes are quick turns. Route 1 will be increased to 8 flights daily within

one year. We will use a variety of 9-seater, 9-11-seater, 15-seater, and 19-seater

turboprop aircrafts, thereby matching aircraft to mission profile and load factor

patterns. We will assign aircraft based on demand. With our unmatched flexibility,

travelers will not need to wait around to fill up 19 or 50 seats. Day trips and

excursions will be specifically created for each route.

2.4 Long Island Land Route 4 (LGI and SML)

Christopher Columbus described Long Island in his logbook entry in 1492 as “The

most beautiful island in the world.” The island is home to the globally famous Dean’s

Blue Hole. At 660 feet, the hole is the deepest blue hole in the world. Long Island is

also home to a growing population of pink flamingos, especially in Clarence, the

capital town of the island. The town has two historic churches constructed by a

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Jesuit priest who also went on to build the hermitage on Cat Island. Together with

other historic sites, these two churches will become premier attractions for the deep

immersion excursions we intend to introduce.

Long Island and Eleuthera have similar challenges. For example, George Townair

offers the same flight from Nassau to Long Island and the same one flight per day

within the same schedule as it did 35 years ago. Despite the growth in travel demand

and the fact that Long Island had over 67,000 passengers travel last year. Southern

Air is the second carrier on this route. Operating19-seater Beech aircrafts, the airline

has considerable equipment shortages. Southern Air has 3 other full time routes. As

a consequence, flights are frequently late or cancelled. Also, the airline has the same

timing problems as George Townair. The airline’s morning flight departs for Nassau

too late to accommodate return business travelers. The afternoon flight leaves at

1.50 pm, which is too early to connect with flights arriving from the U.S. and Europe.

As a result, many passengers on both carriers are forced to stay overnight in Nassau

at an additional cost and inconvenience.

We will provide three flights daily on the Nassau-Long Island route (1 hour per flight

with a stop at Stella Maris). In the first phase of our operations, we will conduct

passenger and cargo operations initially using 9-, 15- and 19-seater aircrafts.

Eventually, we will employ 30-seater aircrafts, as the route will dictate. Additionally,

we intend to become a principal carrier with daily flights from Deadman’s Cay Airport

to Nassau and nearby islands. We have conducted extensive on-the-ground surveys

of this market and we have the full support of the Long Island Chamber of

Commerce as well as resorts and the business community.

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2.5 Long Island Hub–Deadman’s Cay Airport (LGI)

The development of this airport is a priority for the government. The government in

conjunction with the private sector partnership plans to extend the present runway to

7,000 feet this will accommodate long-range jet traffic. The new runway will serve as

a hub for southeast islands and a gateway to the Caribbean, Latin America, Europe,

2.6 Fort Lauderdale-Deadman’s Cay (FLL-LGI)

Presently, there is no direct air service from Florida to Long Island. Starting the

fourth quarter of 2019, we intend to launch and operate an exclusive route from Fort

Lauderdale, Florida to Deadman’s Cay, Long Island using a 30-seater EMB 120

aircraft. We will offer up to 4 round trip flights per week. Our tickets will be priced

$100 below the prices currently being charged by American and Silver Airways to

Exuma. This will stimulate demand in this market while at the same time providing

impressive profits. We will have exclusive operating authority on this route, which we

will supplement with cargo operations. The frequency and timing of flights will be

determined by resorts, businesses, residents, and travelers, via agreements with the

airline.

2.7 Exit of George Town from the Domestic Market

The new Minister of Tourism has indicated George Townair’s intention to exit the

George Town domestic market. Nonetheless, this may not happen until operators

like Anywhere are sufficiently staffed and equipped to provide the services currently

being offered by the national carrier. Even so, George Townair’s intention to exit the

domestic market presents a tremendous opportunity for Anywhere.

2.8 Air Cargo Market

The air cargo market also presents considerable opportunities for Anywhere. We will

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conduct air cargo operations as shown in the table below.

Route Strategy
Florida to We will partner with ASAP Jet cargo to ramp up daily cargo

Nassau operations

Nassau inter We will conduct cargo operations in conjunction with our

island cargo partner ASAP in FX and ASAP Nassau to expand our

customer base this will give us and advantage over the

competition

Nassau to Haiti This will be done cargo/pax for the Mia Group

Freeport to Haiti This will also be done cargo/pax for the Mia Group

2.9 FBO at George Town

The venture intends to establish an FBO at Nassau. Presently there are 2 existing

FBOs none of them provide hanger or offices spaces for the many operators at

Nassau. There are no maintenance or storage facilities at LPIA and operators are

compelled to perform maintenance on the open airfield. We have expressions of

interest from several operators for office and access to maintenance and several of

the commuters presently based in the main Terminal at the airport are seeking to

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relocate to other more suitable facilities. This presents a major business opportunity

for the company.

2.10 Other Important Market Factors

The Government of the George Town has acknowledged the benefits of tourism to

the national economy, and has spurred the development of infrastructure as well as

large resorts such as Baha Mar and the Pointe. Baha Mar and the Point are both

Chinese-funded $250 million and $4 billion mega resorts respectively. Currently the

Pointe is nearing completion whilst Baha Mar resort is fully opened and functioning. .

It is anticipated that an additional 315,000 seats to Nassau will be needed to fulfill

the demand created by these facility. More specifically, the resorts will lure tourists

from North and South America, Europe, and China. Also, Bahamians are

international tourists and constitute the largest travel group to South Florida from the

region.

Recently, the necessary immigration amendments were made to relax travel

requirements for tourists from China. The new Minister of Tourism confirmed that

special attention will be paid to travel markets in Asia, Europe, as well as Latin and

South America. Anywhere plans to introduce routes and tour packages to take

advantage of the opportunity.

In Latin America, Copa Airlines has been running in excess of 80% load factor since

the introduction of Copa flights from Panama to Nassau in 2011. Though the airline

is planning to upgrade to larger equipment, the excess load factor presents a

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lucrative opportunity for Anywhere.

In the U.S., the George Town is an attractive tourist destination for Americans.

Indeed, according to statistics from the Ministry of Tourism, 80% of all visitors to the

George Town originate from the eastern parts of the U.S. Not only does George

Town offer sun, adventure, and sophisticated entertainment ranging from casinos to

jazz, its proximity to Florida has made the country a perfect "Long Weekend"

getaway for many Americans. Due to the George Town' distance from the U.S.,

travel times are short and airfare is relatively inexpensive.

DOMESTIC OPERATIONS NAS – GHB, NAS – RSD, NAS – FPO

NAS – ELH, NAS - LGI

INTERNATIONAL OPERATIONS NAS – FLL, FPO – FLL, LGI – FLL

MHH - FLL

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3. COMPETITION

The airline industry in the George Town is largely a copycat business. Anywhere

aims to offer services tailored to the needs of the market. We will operate a mixture

of 9-, 11-, 19-, 30-seater aircrafts. Our in-house travel agency will create tours and

day trips on all destinations, which we intend to serve. Compared to many of

competitors, Anywhere will offer point-to-point services with the most affordable

fares. On most of the routes, our competitors do not offer flexibility in fleet and flight

time and direct flights. We will gain immense competitive advantage by addressing

these gaps. Additionally, no other operator offers both marine and air cargo

operations. Therefore, Anywhere will be a unique operator in the market.

Targeting a diverse mixture of passengers and cargo on each flight will further drive

our competitive advantage. This will provide additional revenue streams and

compensate for any reduction in load factors. Dissimilar to larger airlines, we do not

intend to obsess over load factors and bags. We are flexible. We will accept the big

bags and the extra cargo items, and we will run on time. Moreover, we plan to sell

most of our tickets via our in-house travel agency. This strategy will enable

Anywhere to optimize costs, expand market reach, and increase profitability. More

importantly, Anywhere does not plan to skimp on any service.

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BAHA MAR GEORGE TOWN

THE POINTE GEORGE TOWN

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4. OPERATIONS AND MARKETING STRATEGY

During the first year of operations, Anywhere plans to operate one 9-passenger

Cessna Caravan aircraft, one 9-11 passenger King Air aircraft on selected inter-

island routes. Two 19-seater Beech 1900 aircraft, Four 30-seater EMB 120 aircraft,

two EMB 120 cargo-only aircraft capable of 7, 000 lbs. of cargo . These will be

used extensively on flights from Nassau and Freeport, George Town to Haiti for the

Mia group headed by one of our principals. It is important to note that Haitians are

the largest dominant non-Bahamian population resident in both Nassau and

Freeport. Further, we will acquire a 185 feet landing aircraft which will be used to

provide supplemental air cargo services from Florida to Haiti. The landing aircraft will

also be available for on-demand chartered movement of containerized and other

cargo throughout the George Town, Cuba, and Dominican Republic.

In the Second quarter of 2021, we will establish an exclusive route between Fort

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Lauderdale, Florida and Deadman's Cay, Long Island using a 30-seater EMB 120

aircraft. The 30-seater aircraft will initially be reduced to 19 passenger seats pending

the expansion of the present airport. There is no service on the Fort Lauderdale-

Deadman's Cay route at present. Currently, there are limited air transportation

services to some of the Family Islands. The existing air transportation services are

costly and poorly organized. The services are provided using a variety of small,

cramped and unreliable piston-powered airplanes, or 19-seater and 50-seater

aircrafts, which cannot access some of the smaller, island destinations. In Phase 2 of

our operations, we will introduce services on five additional domestic routes. We

intend to operate the 9-passenger Caravan turboprop aircrafts, which are designed

to provide more comfort for travelers as well as accommodate additional luggage

and cargo. We are determined to be the new gateway to these islands. Ultimately,

we aim to offer international flights from selected Family Islands that do not presently

have this service or are underserved. This would avoid the hassle of going to

Nassau from selected Family Islands to connect international flights.

Anywhere’s aggressive marketing strategy will make the Family Islands a household

name amongst travelers from, to, and within the George Town. We will strive to

provide affordably priced tickets and superior service in comparison to the

competition. We will gain competitive advantage by using a variety of aircraft more

suitable to each route as well as the needs of customers and the community. We will

also provide special packages for multi-destination travel, business organizations,

groups, and frequent flyers. Our goal is to build our customer base through extensive

use of internet-based marketing supplemented by flyers, brochures, newspapers,

radio, local television, and alliances within the communities we intend to serve.

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Anywhere will operate its own in-house travel company, ‘ASAP Travel Limited’,

which will be dedicated to creating a customer base of tourists and local travelers for

the airline. ASAP Travel Limited will develop tour packages and trips to destinations

along our route network and on routes not presently served by other air carriers. This

will help in driving new business to the airline. The travel agency will be managed

and staffed by a dedicated team of professionals committed to industry best

standards. With previous experience in several aviation companies, the team brings

to the table a diversified background in air charter operations, aviation management,

maintenance, flight operations, training, as well as on-demand and scheduled airline

operations. We will also engage outside expertise to assist the management with

corporate strategy development and business decision-making.

As a diversified one-stop provider, Anywhere will eventually – in Phase 1 and Phase

2 – introduce something that has never been done before. We will operate:

● Scheduled and commuter operations on 4 domestic routes in Phase 1

● Air cargo services on the 4-route domestic network inter island for ASAP

● Contract charter flights from Florida to Nassau

● Air cargo charter flights from Nassau to Haiti

● Air cargo charter flights Freeport to Haiti

● Scheduled charter flights from Fort Lauderdale, Florida to Long Island,

George Town

● Operate an FBO at Nassau Airport (details and projections are in a separate

proposal).

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5. FLEET

5.1 19-Seater Beech 1900D Airliner

This is the bigger 1900 more passenger friendly aircraft with a stand up cabin.

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5.2 Cessna 208B Grand Caravan

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● SPEED: 175MPH

● Passenger capacity: 9

● Range: 1080 nm

● Take off distance: 1405 ft

● Landing distance: 915 ft

● Has a cargo pod for extra luggage and cargo

● Designed for short runways as well as frequent landings and take offs

● Perfect for sightseeing and excursion tours

● Will be used extensively as feeder aircraft from Nassau and on the southern

hub to be created in Long Island

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5.3 King Air 200 Cat Pass

The Cat pass is a highly modified King Air 200 aircraft:

● Designed with high density interior modification

● 13 lightweight passenger seats

● 60 cubic foot cargo pod

● Extended nose baggage area

● Raisbeck EPIC package and other custom options

● Can pull double duty as both an executive charter aircraft and a commuter

aircraft

● Interior can reconfigured in minutes by simply removing the seats

● Extremely efficient for commuter, corporate, or small airlines

● Cruise speed of 265 knots

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 ● Flight range: 1200 nm

5.4 30-Seater EMB 120 Aircraft

● Spacious 30-seater interior equipped with galley and lavatory

● Will be used as a 19-seater on the Florida to Long Island route until the

runway is extended

● Speed: 285 knots

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6. PRINCIPALS

 Mr. K
 Mr. D
 Mr. S
 Mr. W

6.1 Mr. K

Mr. K is currently one of the leading aviation consultants in George Town. Through

his company Aviation Consultants George Town Ltd., he works closely with

international clients and the various domestic and foreign government authorities

regulating the aviation industry such as the George Town Civil Aviation Department

(CAD) and the Federal Aviation Administration (FAA). Mr. K is also a technical

advisor to U.S. Part 135 airlines and Bahamian Part 129 air carriers. His areas of

expertise include aircraft certification, operator certification, operational oversight and

inspection, aircraft management, pre-buy inspections, acquisitions, maintenance

oversight, as well as aviation safety. He has given expert testimonies in courts of law

and represented air carriers in violation cases before tribunals and regulatory

agencies.

Mr. K has extensive familiarity with all aspects of on-demand air taxi operations,

small scheduled commuter operations, and air cargo operations. In the past, he

served as President of Jet Air Ltd., which for eight years provided on-demand charter

and scheduled air carrier operations primarily between Nassau, Eleuthera, Exuma,

and the Berry Islands in the George Town. Mr. Turnquest spent another 4 years as

Vice President of Operations at Jet Airways Limited. His role included overseeing all

aspects of flight operations and maintenance. He is also the former President of the

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George Town Association of Air Transport Operators (BAATO) and currently serves

on its board of directors. In addition to his aviation experience,

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7. MANAGEMENT

7.1 Mr. K – President/CEO

Mr. K is an aviation consultant with a background in flight operations, maintenance

oversight, as well as licensing and regulatory matters. He is fully conversant will all

aspects of aircraft and airline management and start up. He is the regulatory advisor

and representative for several American airlines. He is a founding member and past

President of the George Town Association of Air Transport Operators.

7.2 Mr. S VP/COO

7.3 Mr. W. Operations

7.4 Captain C – VP Finance

Capt. C is a retired commercial pilot and flight instructor. He has a background in

flight operations, airline management, and oversight, with emphasis on flight training.

He is a certified accountant and boasts over 10,000 flight hours.

7.5 Mr. D – V.P Maintenance

With a background in flight operations and maintenance, He is trained on a variety of

turboprop and jet aircrafts. He is a former engineer with George Town air and lead

inspector responsible for certification matters at the Flights Standards office, Nassau

Overall, the company has competent, experienced, and qualified personnel to run

the venture. Captains K, R, and Mr. D are all trained for multiple roles. The company

will contract and employ the technical expertise necessary to achieve the objectives

of each segment of the venture.

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9. FINANCIAL PROJECTIONS 

9.1 Revenue and Profitability

Projections (Appendix 2) indicate that revenue will be $7.859 million in the first year

of operation. This will grow to $9.205 million and $10.623 million in the second and

third years, respectively. Gross profit margin is expected to be 44%, 45%, and 42%

in Years 1, 2, and 3, respectively. Projections also indicate that profitability will be

achieved in the first three years of operation. Please note this is for the four

domestic routes ONLY.

9.2 Notes on Financial Projections

1) Revenue: It is important to note that revenue projections are based on the

acquisition of the domestic market as well as expansion into international

markets and cargo landing facilities. The expansion is planned to unfold as

follows:

DOMESTIC FLIGHTS
ROUTE 1 Phase 1
ROUTE 2 Phase 1
ROUTE 3 Phase 1
ROUTE 4 Phase 1

CARGO OPERATIONS COMMENCEMENT DATE

OPA/CAPE HAITI/NAS/OPA DEC 2020
ANYWHERE AIRWAYS #1 APRIL 2021
ANYWHERE AIRWAYS #2 APRIL 2021
ANYWHERE AIRWAYS #3 DEC 2021

INTERNATIONAL FLIGHTS COMMENCEMENT DATE

EMB 120 OPS JUNE 2021

LANDING CRAFT COMMENCEMENT DATE

ANYWHERE MARINE FEB 2021

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2) Balance Sheet: Payables are one month’s worth of expenses. Fixed assets

are as under:

Asset Type Cost/Valuation

Aircraft 8,000,000
Set Cost 2,000,000
FBO (Nassau) 8,000,000
Software and Equipment 1,600,000
Investments 400,000
20,000,000
Investments are in ASAP Travel Limited, a tour and excursion company

3) Funding:

Funding in amount of 20M is being sought with assistance from a

Funder/Investor

a) The funds will be primarily to acquire the controlling interest in the FBO

project at Nassau and then acquire 9, 11, 19 and 30 seater passenger

and Cargo aircraft expand the operation into a diversified on demand,

scheduled carrier, air cargo operation based in George Town.

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APPENDIX

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Appendix 1: Projected Income for Anywhere FBO (Nassau)

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Appendix 2: Projected Income for Domestic Routes Years 1-3

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Appendix 3: Projected Plan Assets Acquisition

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