Diligence memo · auto-generated · as of July 3, 2026
Hawaii Island Air, Inc.
Hawaii Island Air, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Hawaii Island Air, Inc. operates in Airlines and Airports, based in HONOLULU.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Hawaii Island Air, Inc. has raised $10M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $10M on 2016-01-06.
Most recent recorded round closed around 2016-01-06.
Valuation (modeled)modeled
Provath models Hawaii Island Air, Inc. at approximately $52M (range $12M–$280M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.61× the median modeled value of Series A Airlines and Airports companies in 2016–2018 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 10.5 yr ago; this sector typically re-raises about every 9 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 71% of Airlines and Airports peers (76 compared).
Modeled value ranks above 79% of those peers.
Closest niche peers: Allure Airways Inc., Paul Joseph Posti Jr, Cal Jet Air LLC, One Jet, Inc., Baltia Air Lines Inc.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.