Metjet Madison is in the market with a $1 million non-brokered equity offering. The offering is expected to close within a year. Four previous private placements were initiated via an affiliated entity called MetJet, Inc. which raised an estimated $2 million.
MetJet is a public tour operator offering nonstop flights from the under-serviced Northeast Wisconsin area to key tourism and business destinations. The company operates as a non-asset based tour provider that charters flights from existing air carriers. The company started to operate in 2011 and offers nonstop flights to Orlando, Fort Myers, Cancun and Minneapolis. Proceeds are expected to be used to expand flights’ destinations.
Metjet Madison, registered in 2013, is headquartered in De Pere WI. It is led by Michael J. Heisman (CEO & Chairman of the Board). Revenues were not available for the latest reporting period.