Diligence memo · auto-generated · as of July 3, 2026
People Express Airlines Inc.
People Express Airlines Inc. has raised $5.3M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
People Express Airlines Inc. operates in Airlines and Airports, based in Newport News.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
People Express Airlines Inc. has raised $5.3M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on —.
Most recent recorded round closed around 2011-10-05.
Valuation (modeled)modeled
Provath models People Express Airlines Inc. at approximately $2.0M (range $150K–$22M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 501 months.
Last raise 14.7 yr ago; this sector typically re-raises about every 9 months.
Silent for over 3× the sector's normal cadence.
The last round was 20.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 61% of Airlines and Airports peers (76 compared).
Modeled value ranks above 16% of those peers.
Closest niche peers: JetSuite, Inc., Branson Funding, LLC, Avantair, Inc.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.