Project Elevator Pitch
Confidential · For registered investors
Issued
2026-08-25
IAQAZ
Zambia · Airports
Boutique Air Travel Adventure | Africa
Airports
Aviation
Leisure/Recreation
Transport/Distribution/Warehousing
Capital Sought
USD 155,000,000
Spent to date
USD 2,000,000
Country
Zambia
Repayment
Operations & Management Agreement · Other Off-Take Agreement
Submission Ready Indicators
LTV Expectation
70%
Land / Site
Will be contributed on closing
EPC Contracts
Draft form
Off-take Agreements
Draft form
Projections
Completed and available
This opportunity qualifies for Internationally A+-rated Insurance Wrap — elevating the debt element of project financing through the Lloyds-of-London insurance market.
About this opportunity
This project is ‘shovel ready’. The project company (PC), led by a group of seasoned professionals with many decades of experience in airline, hospitality and travel industries senior management, will operate a fleet of modern luxury flying boats (seaplanes) between Alexandria (Egypt) and Cape Town (South Africa).
The aircraft will operate between luxury lodges, camps and hotels situated at water’s edge of rivers, lakes and bays in secluded and remote locales along the route, avoiding major airports altogether.
The PC will bring high-end and premium mid-market travellers to all countries along the route and only 20,500 passengers a year will suffice to meet the financial targets in the business plan. Several African governments have informally stated their support for the project and will welcome the service. Existing airframes will be equipped with modern turboprop engines, state-of-the-art systems and titanium structural improvements, achieving modification to FAA Transport Category standards, under a program conducted by a US aviation engineering company with 60+ years of experience.
The PC operation may be expanded both within Africa and by adding similar routes in the Caribbean, the Mediterranean, across India and South-East Asia and to Central and South America.
US$155 million is sought as a mix of debt and equity financing, whereof more than 30% has already been offered to the PC by a funder seeking risk-sharing partner(s).
Five-year projections
All figures in USD| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 58,674,797 | 125,579,186 | 131,289,469 | 134,910,755 | 138,145,101 |
| EBITDA | 27,090,081 | 79,342,654 | 84,932,465 | 88,299,919 | 90,861,367 |
| Margin % | 47.11 | 64.47 | 66.01 | 66.79 | 67.11 |
PFX registered investors were provided with the dataroom for this project prior to listing.
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Confidential — PFX Registered Investors Only · Not for redistribution
PFX / IAQAZ / 2026-08-25