Under Rule 506(c), issuers may offer securities through means of general solicitation, provided that:
• all purchasers in the offering are accredited investors,
• the issuer takes reasonable steps to verify their accredited investor status, and
• certain other conditions in Regulation D are satisfied.
This Offering is limited to accredited investors only
An “accredited investor” is:
• a bank, insurance company, registered investment company, business development company, or small business investment company;
• an employee benefit plan (within the meaning of the Employee Retirement Income Security Act) if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million;
• a director, executive officer, or general partner of the company selling the securities;
• an enterprise in which all the equity owners are accredited investors;
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence;
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.
Mint Air is an international aviation holding company that buys aircraft in the after-market and leases them to Part 135 charter operators. Its strategy of after-market purchases enables the Company to take advantage of the dramatic decline in aircraft prices. Mint Air serves the larger charter operators that have a fleet of 15 planes or more. These larger operators have higher volume and will benefit most from Mint Air’s business model. Within the Part 135 segment, the Company focuses on providing mid-size and large planes, which account for 74% of the U.S. market and 56% of the European market. The Company expects its fleet of aircraft to consist primarily of the Gulfstream IV (GIV) with a variety of other aircraft including the Gulfstream 200 (G200), Boeing Business Jet (BBJ), Citation Jet (CJ) and Eurocopter AS350 (AS350).