Intends To Add As Many As 24 Planes

ImagineAir has signed a deal with the specialty investment banking firm RockBridge Capital Partners, Inc. to raise $18.2 million for the addition of as many as 24 aircraft. ImagineAir will continue to grow its fleet of Cirrus SR22 aircraft and bring the first of its Eclipse 500 very light jets online, currently scheduled for delivery in 2008. The financing will include common equity, senior debt and leasing of the aircraft, and financing of pre-delivery deposits.

"After seven consecutive months of increasing revenue, securing this financing will be a significant milestone for ImagineAir. It will enable us to continue the positive growth of our business model," said Aaron Sohacki, ImagineAir CEO.

Since revenue operations began in early 2007, ImagineAir has built its business around its on-demand service -- featuring online scheduling and booking, a real-time fleet optimization program to maximize operational efficiency, and guaranteed point-to-point prices.

"This is an exciting time in the aviation industry and we are delighted to be a part of the team at ImagineAir and assist it in building its growing business," said Bill Lockhart, Managing Partner of RockBridge Capital Partners, Inc.

ImagineAir currently serves over 600 airports in the Southeast and has begun the process of selecting additional airports at which to base airplanes. With the addition of the Eclipse 500 VLJ, the company will be in the unique position of being able to offer customers a jet or cutting edge piston aircraft, whichever is most efficient for their mission.

ImagineAir’s newest SR22 is being featured by Cirrus Design at the National Business Aviation Association Convention in Atlanta, and will be on display at Fulton County Airport September 25-27.

FMI: www.flyimagineair.com