A South Pacific airline for sale

April 16th, 2008

Well this is clearly not the usual type of listing that we take. And finding a way to advertise it on our website has proven difficult. However, Pacific Island Air is a terrific business opportunity and a great value. So maybe our new Blog is the perfect vehicle to show this business! There aren’t many businesses out there that are so dominant in their niche while still being very fairly priced.

During our trip to view Katafanga, we met the owner of this charter airline service. Until the airstrip on Katafanga is finished, his airline is currently the only realistic choice for viewing the island. The company is so busy, it’s necessary to book the charter flight to the island several weeks in advance.

What a phenomenal business to own; it’s fun and profitable. And to top it off, it’s poised to be a monopoly in the country. The airline is already running near capacity and he’s constantly receiving requests from other Fijian resorts asking to sign long term contracts. These resorts are frustrated with their current relationship with other Fijian run airlines and their “island time” attitude. If he added just one of these well known resorts to his contract portfolio it would add more than $3M per year in revenue to the business; more than doubling the already handsome profit being made.

As enticing as this is, the owner doesn’t want more business. He wants to retire. He is, however, willing to help a new buyer secure these additional long term contracts. This would immediately expand the business and literally choke out the remaining competition.

This airline would make a fantastic package purchase with Katafanga Island Resort. With the additional fuel tanks at Katafanga, it would allow the airline to expand the reach of service in Fiji even farther, creating a whole new route to the outer islands of the country that are now practically inaccessible.

So if you’re a pilot or you’ve dreamt of owning an airline, this is the best opportunity out there! Please take a look by clicking below.

Pacific Island Air is the largest sea plane charter business operating in Fiji. The company currently operates 5 airplanes. Three of which are sea planes and two are traditional twin engine planes.

• 2 De Havilland Beavers, each with Pratt and Whitney R985 piston engines. One of these planes has just completed a top to bottom rebuild. This plane is basically brand new and pictured while the rebuild was underway. The other is well maintained and used daily.
• 1 De Havilland Otter with a PT6-34 Turbine engine. Also well maintained and operated daily.
• 2 Britten-Norman Islanders with twin Lycoming piston engines, one of which is leased to the business.

Included in the business are several hundred thousand dollars worth of aircraft spares, the charter license, several vehicles, hangar, office and all the tools and components. This is a turn key operation with a proven track record and literally busting at the seams!

Pacific Island Sea Planes is of course it’s own company being offered for sale by itself, but we’ve always felt this airline would be a fantastic addition to the purchase of Katafanga Island Resort. It could operate independently as it is now but could also serve Katafanga’s needs immediately upon opening. The business is in very high demand in Fiji with several top name resorts asking for long term contracts to serve their guest transfers. The current owner has run the business well with profits increasing yearly but has recently decided to retire. He has resisted signing additional contracts with the local resorts but has agreed as a condition of sale to remain for a few months to help with the transition and also to secure the additional contracts should the new owner desire to increase the business.

The airline is for sale on a net assets plus good will basis. So the price will change as the assets increase monthly. The current price for the business is US $4,200,000.00

These pictures enlarge when clicked and are plenty more pictures we can provide to interested parties. Just email us to get more details and more pictures.

Categories: Island related businesses