Air Flite, Inc.
- Blake WhiteVice President · Company website
- James BalcerLead Mechanic · Company website
- Monica FreedPart Sales Assistant · Company website
- Gina BoatmanAccounting · Company website
How we got $5.3M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 18% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Likely to sell
- In business 45 years (since 1981)
- Founder still runs it after 45 years
- Family in the business (Blake White, Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Air Flite, Inc. is a family owned and operated business in Shawnee, OK that specializes in the sale, service, and management of helicopters and airplanes. It was founded in 1981 by Mark White.
From the company's website. Industry: Other Nonscheduled Air Transportation.
Customers & suppliers
Customers
- Department of Energy · federal contracts $59K
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| AIR FLITE, INC. this business | $9.5M | — |
| J. MARSHALL, INC Norman · 3 employees | $1.9M | 30.8 mi |
| JOHNJAY, LLC Arcadia · 1 employees | $756K | 31.7 mi |
| WEEKS AVIATION L.L.C. Oklahoma City · 1 employees | $576K | 34.0 mi |
| SILVER WINGS, INC Oklahoma City · 1 employees | $385K | 34.8 mi |
| HS PILOT SERVICES LLC Edmond · 2 employees | $3.3M | 35.9 mi |
| HEARTLAND AVIATION, LLC Ada · 6 employees | $5.2M | 40.1 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $9.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.2M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $5.3M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.8M – $7.3M |
| Revenue range | $6.2M – $10.8M |
| EBITDA range | $779K – $1.4M |
| Industry (NAICS) | Other Nonscheduled Air Transportation (481219) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Air Flite, Inc., founded in 1981 by Mark White, is a family owned and operated business specializing in the sale, service, and management of both helicopters and airplanes.”
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $214K | 15 |
| 1/22/2021 | second | $214K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Air Flite, Inc.
Air Flite, Inc. is a family-owned other nonscheduled air transportation company in Shawnee, Oklahoma, in business since 1981. It is owned by Mark White (Founder). Its estimated annual revenue is about $9.5M, with roughly $1.2M of EBITDA. It has about 15 employees. Its estimated business value is $5.3M (likely range $2.8M–$7.3M).
Common questions
- Who owns Air Flite, Inc.?
- Air Flite, Inc. is owned by Mark White (Founder), according to public sources such as the company's website or filings.
- How much revenue does Air Flite, Inc. make?
- SeeBITDA estimates Air Flite, Inc.'s annual revenue at about $9.5M (likely between $6.2M and $10.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Air Flite, Inc. worth?
- About $5.3M, roughly 4.5× its estimated EBITDA of $1.2M, typical for a other nonscheduled air transportation company its size. Likely range: $2.8M–$7.3M.
- How many employees does Air Flite, Inc. have?
- About 15, as reported on its PPP loan.
- When was Air Flite, Inc. founded?
- Air Flite, Inc. has been in business since 1981.
- Is Air Flite, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 45 years (since 1981); founder still runs it after 45 years; family in the business (blake white, vice president).