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A Convertible Note is debt that converts to equity. If you invest, you're betting WingTips will be worth more than $10.8M in the future.
Our story began when our founder, Mike, was experiencing what is a rite of passage for many parents and students: dropping your kid off at college. As the big day neared, the question of whether to drive or fly came up; and the realization hit that hour for hour, there would be no difference in time spent between the two because of the lack of short distance flights. Over the next several years, every time he visited his children, the “drive vs fly” question was debated.
That’s when Mike, an instrument rated-pilot with a multi-decade career in data technology, decided to harness the power of data science and AI to deliver a premium travel service for short distance trips (100-400 mile flights), not serviced by major airlines. From that vision, WingTips’ private flying for everyday travelers was born.
We aim to transform short distance (100-400 miles) air travel by offering affordable, accessible and sustainable flight service connecting 5,000 local airports across the US. WingTips provides everyday travelers with a frictionless solution that lowers the number of vehicles on the road, and is 4X faster door-to-door than driving and commercial flying.
Welcome aboard to a new experience in flying. WingTips is making short distance travel available to everyday travelers. Considering that 80% of US residents live less than 30 minutes away from an airport, we have an extensive potential customer base within easy reach.
Our proprietary software, deep data-driven aggregation, and dynamic flight scheduling capabilities, coupled with our fleet of Hybrid-Electric Aircraft, makes flying chartered short distance flights more affordable and accessible to a wider market of travelers.
The short distance (100-400 miles) travel market is woefully underserved by the current airline industry. The US has a vast network of thousands of smaller, local airports for these distances, but no major commercial airline provides service to them.
The lack of short distance flights means there is often no alternative between spending hours driving to and from a major airport, or hours driving to the destination itself. Over 80% of the population in the US lives less than 30 minutes from a local airport that WingTips can use.
*Source: WingTips and ForeFlight
WingTips offers shared, on-demand chartered flights to the local destinations commercial airlines don’t, taking the hassle and inconvenience out of long drive times.
We deliver an easy-to-access, flexible, and convenient premium quality local air travel service for short distance trips (100-400 miles) by combining our background in chartered flight service with our core AI-powered proprietary technology that ensures our business model can scale; all at a price comparable to flying commercial. WingTips is actively servicing California, Nevada, Texas, and Arizona with shared charter service, with plans to bring our shared charter service model nationwide by 2025.
Our proprietary booking software enables our shared on-demand charter service. The AI-based software uses machine learning algorithms to automate analysis tasks, dynamic modeling to find travel itinerary matches, and providing customized options that give customers the ability to select the flight that meets their travel needs and budget.
Travelers can book flights via our mobile app and website. We offer three travel options:
Aircraft used by WingTips typically seats eight passengers; One flight removes up to eight cars from the road. But the offset is more significant than just eight cars:
Operating more eco-friendly aircraft is part of our plan to cut both travel time and emissions as we scale our service nationwide.
In 2022 we partnered with Ampaire, a Hybrid-Electric aircraft powerplant company to secure an order for five of Ampaire's latest Hybrid-Electric Eco Caravan 9-passenger aircraft, with an option to order 50 more. These aircraft are capable of flying at 175 mph, using a fraction of the fuel a normal Cessna Caravan uses. The integration of these hybrid aircraft into our fleet will result in:
These reductions are not only better for the environment, they help deliver a premier travel option to clients without the high price tag. Both Hybrid-Electric and Full-Electric aircraft are long-term drivers for making WingTips flights more efficient and more affordable, expanding the market opportunity to an even larger size.
WingTips is operating now in 4 States with existing, proven aircraft technology. The move to Hybrid-Electric is a win-win for both WingTips and our clients.
Our Multi Channel revenue model differentiates WingTips from our competition.
Because of our Intellectual Property (IP), we are able to increase our margins on every flight.
WingTips is actively serving the market and has achieved product market fit. We underwent years of consumer and market research to unlock the ideal customer price point of $2 per mile.
We currently service 2,400 local airports between California and Texas.
In 2024 we are forecasting a strong increase in revenue, will gain access to our own fleet, as well as anticipate improved gross profit.
WingTips has steadily expanded our strategic partnerships, significantly increasing our reach and market penetration. In addition to our partnership with Ampaire for 5 Hybrid Aircraft, in 2023 we:
Forward-looking statements are not guaranteed.
As commercial airlines continue to raise prices and provide subpar service demand is increasing for alternatives. There are a number of charter services in the market today, but none offer the competitive edge that WingTips does. While our main focus is to bring our high value per-seat, charter service to a mass scale, our software systems also improve private charter, making WingTips and our partners more competitive while maintaining revenue and margin targets.
1. Market Tested
WingTips' in-market test proved the viability of this business, followed by a NASA / Georgia Tech study about city pairs, which proved beyond a shadow of a doubt that there was indeed a huge market opportunity for short distance travel. McKinsey reports further support the immense potential of this service to provide value to millions of “every day” travelers.
2. Cost-Efficient Business Model
The proprietary WingTips software solves both the challenge of aggregating customer demand and maintaining operational efficiencies needed to keep seat costs competitive.
3. Expert Co-Founders & Boards of Advisors
Our founders tapped into the wisdom and expertise of industry pioneers in aviation and data to ensure our product is grounded in best practices of science, data, flight and business.
WingTips has already inspired a passionate and loyal following from our customers. More than 50% of customers who have traveled with us, request flights again. The warm feedback we receive proves beyond a doubt that consumers need and appreciate the service Wingtips provides.
Our methodical approach of using data-driven insights to inform our business roadmap has clearly yielded incredible results:
With the help of your investment, we can expand our successful shared-charter short distance flights across the US and beyond.
Investors get 50% credit on Shared Charter and 15% on Private Charter, up to the amount of their investment. Early Bird investors get 3x their investment in Flight Credits.
We have raised two previous rounds of seed funding totaling $1.3M which helped us launch our short distance charter service and release Version 1.0 of our software.