True Blue Air Services

DETAILS

Catalog #: 176874
Catagory: Aircraft
TrueBlue's Price: 25,000,000 USD
Date Added: June 7, 2025

Profitable Leading Regional Airline Businesses For Sale - Panama City, Panama - Air Carriers - $33,500,000 - Management Will Stay Unique opportunity to acquire the largest domestic airline in Panama, commanding over 60% market share. Operating a fleet of turboprop aircraft, the airline currently serves key domestic destinations and plans to resume international routes in 2026. The airline is very profitable. In 2024, it generated approximately $25 million in revenue, with an EBITDA of $8.5 million and net income of $4.9 million. Since the pandemic, the airline has consistently delivered EBITDA margins above 30%—well above industry averages—demonstrating operational efficiency and financial resilience. The company operates with a fleet of seven aircrafts. Each aircraft is owned by the company and comes with full documentation and inspections. It recently expanded its fleet with the acquisition of two Dash-8 400 aircrafts, which are best-in-kind regional airliners, enhancing its seat capacity and positioning it for regional expansion. There is substantial growth potential in expanding service to key Central, North and South American cities, either by utilizing the current turboprop fleet or introducing regional jets. Prior to the pandemic, the airline operated international routes to several cities in Colombia and Costa Rica, establishing a regional presence and brand recognition. The company has all operating licenses for domestic and international travel to any destination. The current owners are seeking a full or partial sale of the airline as they plan for retirement. Management is willing to stay during the transaction period or longer. This is a unique opportunity to acquire a profitable and growing airline with a dominant market position, strong financials, and clear growth potential. Please feel free to contact me for further details. FINANCIALS (USD) Asking Price $33,500,000 (less 4 x EBITDA of $8.5 million) Cash Flow $4,900,000 Sales $25,000,000 #apo

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