Capital Aviation, Inc
How we got $9.0M
Based on its 50 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 33 years (since 1993)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Capital Aviation is a leader in executive aircraft refurbishment, offering avionics, interior, and paint work for aircraft, including Part 145 repair station services.
From the company's website. Industry: Other Support Activities for Air Transportation.
Customers & suppliers
Customers
- Federal Aviation Administration · federal contracts $905K
- Defense Logistics Agency · federal contracts $498K
- Department of the Air Force · federal contracts $323K
Suppliers & brands
- FreeFlight Systems · brand it sells or installs
- Universal Avionics · brand it sells or installs
- Flight Display Systems · brand it sells or installs
Estimated value over time
▲ 2% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CAPITAL AVIATION, INC this business | $21.8M | — |
| ASSOCIATED AERO SERVICE, INC. Bethany · 9 employees | $3.5M | 0.1 mi |
| STARLINE INC. Bethany · 9 employees | $3.7M | 0.1 mi |
| JET STREAM DETAILING LLC Bethany · 2 employees | $653K | 0.3 mi |
| TURBINE AIRCRAFT SERVICES LLC Bethany · 11 employees | $4.2M | 0.5 mi |
| AIRWAY CUSTOM PAINTING, INC. Bethany · 1 employees | $555K | 1.0 mi |
| AERO-SPACE REPORTS, INC. Oklahoma City, Ok · 20 employees | $8.9M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.7M |
| Estimate: the two combined (geometric mean) | $21.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.9M |
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 | $9.0M |
| Multiple for this size and industry | 4.7× |
| Value range | $4.8M – $12.4M |
| Revenue range | $14.3M – $24.9M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Other Support Activities for Air Transportation (488190) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Capital Aviation, Inc. was founded in 1993 to provide top quality paint and interior refurbishment service to owners of corporate aircraft at prices substantially below factory service centers and new aircraft completion centers.”
Leadership
- SWScot WebberPresident · Company website · source
- MPMike PruittGeneral Manager · Company website · source
- EKEd KostiukChief Inspector · Company website · source
- DHDax HerbertSales · Company website · source
- LELuis E. ZamudioLatin America Sales · Company website · source
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 | 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 |
|---|---|---|---|
| 4/9/2020 | first | $613K | 50 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Capital Aviation, Inc
Capital Aviation, Inc is an other support activities for air transportation company in Bethany, Oklahoma, in business since 1993. It is owned by Bill Boettger (CEO). Its estimated annual revenue is about $21.8M, with roughly $1.9M of EBITDA. It has about 50 employees. Its estimated business value is $9.0M (likely range $4.8M–$12.4M).
Common questions
- Who owns Capital Aviation, Inc?
- Capital Aviation, Inc is owned by Bill Boettger (CEO), according to public sources such as the company's website or filings.
- How much revenue does Capital Aviation, Inc make?
- SeeBITDA estimates Capital Aviation, Inc's annual revenue at about $21.8M (likely between $14.3M and $24.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Capital Aviation, Inc worth?
- About $9.0M, roughly 4.7× its estimated EBITDA of $1.9M, typical for a other support activities for air transportation company its size. Likely range: $4.8M–$12.4M.
- How many employees does Capital Aviation, Inc have?
- About 50, as reported on its PPP loan.
- When was Capital Aviation, Inc founded?
- Capital Aviation, Inc has been in business since 1993.