Job Aire Group

General Information
Business:

 

We are a 16-year-old professional services company with demonstrated expertise and excellence in providing comprehensive staffing solutions across various facets of the aviation industry. (Incorporated in  Arizona) 

Over the years, we have built a strong reputation for our commitment to delivering top-notch staffing services, unmatched industry knowledge and relationships, and a deep understanding of the aviation workforce. The Company plans to grow its business both organically and through potential acquisitions of competitors.

JAG provides aviation mechanics and technicians to American aircraft maintenance facilities. Our clients have unmet needs for qualified employees and lean on us to source qualified and certified maintenance technicians from domestic and foreign sources. Oliver Wymans’ 2022 Report “Not Enough Aviation Mechanics” indicates that aviation executives ranked a potential mechanics shortage as MRO’s (Manufacturing, Repair, and Overhaul businesses) biggest problem in the market for certified aviation mechanics in the United States. This report also forecasted that the annual shortfall of certified aviation mechanics in 2023 would be 12,000 to 18,000, with the shortage increasing to 43,000 by 2027. At December 31, 2023, we employed approximately 400 certified aviation mechanics which is approximately 3 percent of the shortfall. Our goal is to employ 1,500 certified aviation mechanics, equating to approximately 10 percent of the total market need.

We currently source approximately 96 percent of our employees from Mexico and Chile, both of which are covered by our recruiting office in Mexico. This office has provided us with a rich pipeline of foreign workers and has the capability to efficiently qualify these workers to obtain the temporary work visas necessary to work in the U.S. market. Since availability in the domestic labor force is severely under levels needed to satisfy client demand, a foreign-sourced labor force is vital to keeping aviation in the U.S. at its current levels and to meet expanding industry needs for the future. We utilize technology and internally developed processes as competitive differentiators, and we believe these differences make us unique in supplying qualified talent to our clients. For example, we utilize an internally developed workflow process that has helped us significantly increase our revenue over the past three years. Furthermore, this differentiation is evidenced by a recently signed agreement with a significant competitor, Launch, in which we will provide them with potential workers that we have vetted that do not meet our clients’ needs.

 

 

 

Industry: STAFFING SERVICES
Employees: 395
Founded: 2007
Contact Information
Address 7493 N Oracle Road, Suite 221 Tucson, AZ 85704 (520) 878-0112
Phone Number (520) 878-0112
Web Address https://jobairegroup.us/
View Prospectus: Job Aire Group
Financial Information
Market Cap $50.92mil
Revenues $30.31 mil (last 12 months)
Net Income $0.74 mil (last 12 months)
IPO Profile
Symbol JAG
Exchange NYSE - American
Shares (millions): 2.3
Price range $4.00 - $5.00
Est. $ Volume $10.1 mil
Manager / Joint Managers Spartan Capital Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change