Gulfstream
International Group, Inc. ~ Initial Public Offering ~
December 2007
The Company’s subsidiary,
Gulfstream International Airlines, is a commercial air carrier
operating more than 200 flights per day serving 21 destinations
in Florida and the Bahamas with its fleet of 35 turbo-prop
aircraft. Its code share partners include Continental, United
and Northwest. The airline was the 14th largest regional air
carrier group in the US in terms of number of passengers flown
in 2006. The Company also operates Gulfstream Training Academy
that provides flight training services to licensed commercial
pilots who are typically hired by regional airlines, including
Gulfstream.
Net proceeds of this IPO were
used to retire $3.32 Million of subordinated notes and fund
working capital. The underwriting was performed by Taglich
Brothers, Inc.
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Taglich Brothers, Inc.
