Startup Airline Seeking $15M Equity for Expansion in Cabo Verde and West Africa
TransVerde Airlines
Financial Details
- Asking Price:
- $15,000,000
- Cash Flow / SDE:
- $15,000,000
- Profit Metric:
- Equity Sought
- Valuation Multiple:
- 1.0x
- Location:
- CV
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This listing seeks $15 million in equity investment for TransVerde Airlines, a startup aiming to establish a low-cost carrier (LCC) connecting the islands of Cabo Verde and expanding flights to neighboring West African countries. The airline will offer passenger and cargo transport services, initially utilizing three ATR-42/72 aircraft leases. The management team boasts extensive aviation experience, particularly in ultra-low-cost operations and domestic market knowledge. The company has established offices in Cabo Verde and the US, and the Board has invested over $750,000 in development. The business model projects 1.4 million passengers annually with a 65% load factor, leveraging Cabo Verde's strategic geographical position. Funds will be used for obtaining the Air Operator Certificate (AOC), hiring staff, setting up routes, acquiring fleet, and operational expansion. Investors will receive shares, profit sharing, and decision-making participation.
Industry Information
- Industry Description:
- Transportation / Aviation / Logistics
- Classification:
- Transportation & Storage
Real Estate & Lease
- Status:
- Unknown
Listing Details
- Listing ID:
- 96e5e455-e11a-48f1-8d43-1208037fbcad
- Deal Status:
- For Sale
- Date Posted:
- April 05, 2024
- Last Updated:
- September 15, 2025
- Currency:
- USD