Today: Jul 22, 2024

Airline Startup soars with 2 for 1 Security “Secured” Notes!

7 months ago

TLDR:

– Airline startup, Avatar Airlines, is offering a private investment opportunity to high net worth individuals seeking to disrupt the airline industry.
– The company plans to raise $30 million in Series A “Secured” Convertible Notes, with an automatic conversion rate of 50%.
– Investors will have the option to convert their notes into preferred convertible shares in the future.

Airline startup Avatar Airlines is seeking investment in its Series A “Secured” Convertible Notes as it aims to revolutionize the travel industry. The company is offering $30 million of these notes at an interest rate of 8% for 48 months. The notes will have an automatic conversion rate of 50% and are available only to accredited investors with a minimum investment of $10,000. If successful in selling the Series A Convertible Notes, Avatar Airlines plans to launch a secondary offering of Preferred Convertible Shares, valued at over $100 million, to finance additional aircraft and attract institutional investors. Investors in Avatar Airlines will have the opportunity to be part of a transformative airline that operates Boeing 747 jumbo jets with ultra-low fares and an extensive route system. The company aims to revolutionize the domestic airline industry by diversifying revenue streams and focusing on customer-centricity. Those interested in investing are encouraged to visit the company’s website for more information.