INVESTMENT INFORMATION MEMORANDUM
FlyOnE Ltd
Pioneering Australia's Electric Aviation Future
Confidential Investment Opportunity
Seeking AUD $9 Million Growth Capital
March 2026
Version 1.0 – March 2026
CONFIDENTIAL – FOR WHOLESALE & SOPHISTICATED INVESTORS ONLY
Confidentiality Agreement
Binding Confidentiality Obligation
By accepting a copy of this Investment Information Memorandum, the recipient enters into a binding confidentiality arrangement. Retention of this document constitutes full acceptance of all terms and conditions described herein.
The recipient expressly agrees that it shall not contact or discuss the contents of this memorandum with any officer, employee, supplier, customer, licensor, franchisee, or associate of FlyOnE Ltd without the prior written consent of Korum Ellis, Director and Founder.
This Memorandum and all further information are supplied on the terms set out herein and on the terms contained in a formal confidentiality agreement entered into by the recipient. The terms of that agreement incorporate the conditions described in this document and contain explicit restrictions on the use of the information, its disclosure to third parties, and the conduct of the recipient throughout the evaluation process.
The recipient acknowledges and confirms the foregoing, and it is hereby agreed that the terms of the confidentiality agreement are incorporated into and form part of these conditions in their entirety. Any breach of these obligations may result in immediate legal action.
If the terms of this confidentiality agreement are not acceptable, the recipient must return this document immediately and destroy all copies in their possession.
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Platform Disclaimer
BizDealRoom.com
BizDealRoom.com ("the Platform") is a digital marketplace operated by MENTORED BUSINESS SALES SERVICES PTY LTD (ABN 56 630 339 150). The following must be clearly understood by all recipients of this memorandum before proceeding with any evaluation of the investment opportunity described herein.
Platform Role
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The Platform has not verified, audited, or independently confirmed any information contained in this document or any other materials provided by the listing owner. All information has been provided solely by the business owner or their representatives. The Platform makes no representation regarding accuracy, completeness, or reliability of any information presented.
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Seek Independent Advice: Any person considering this investment opportunity must seek independent legal, accounting, financial, and business advice from appropriately qualified and licensed professionals before making any decision to invest. To the maximum extent permitted by law, BizDealRoom.com and its associated entities accept no liability whatsoever for any loss, damage, cost, or expense arising from any investment decision made in reliance on information accessed through the Platform.
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Investment Risk Statement
Prospective investors are advised to carefully review the following risk disclosures before making any investment decision in relation to FlyOnE Ltd. Investing in early-stage private companies operating in capital-intensive sectors carries substantial risk, and investors should be fully aware of the nature and extent of those risks prior to committing capital.
Capital at Risk
Investing in FlyOnE Ltd involves significant risks. Investors may lose part or all of their invested capital. There is no guarantee of capital preservation or return of principal under any circumstances.
No Guarantees
Neither FlyOnE Ltd nor its directors guarantee any rate of return, repayment of investment, or successful achievement of planned objectives. All forward-looking statements are aspirational and subject to material uncertainty.
Past Performance
Past performance is not indicative of future results. Investment outcomes may vary substantially from projections or expectations. Historical data should not be relied upon as a basis for anticipating future performance.
Investor Suitability
This investment opportunity is intended exclusively for wholesale and sophisticated investors who fully understand the risks associated with private company investment and can afford to sustain a total loss of invested capital.
External factors including market conditions, regulatory changes, operational challenges, geopolitical developments, and other factors beyond our control may adversely affect investment performance. The value of investments can fluctuate significantly, and there is no liquid secondary market for shares in private companies such as FlyOnE Ltd.
Version 1.0 – March 2026
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Important Notice
The information contained in this Investment Information Memorandum and any other verbal or written information given in respect of FlyOnE Ltd ("Information") is provided to the recipient ("you") on the following conditions. Recipients are strongly encouraged to read and understand these conditions in their entirety before proceeding further.
Accuracy and Completeness
The officers, employees, or consultants of FlyOnE Ltd ("we, us") make no representation, warranty, or guarantee that the information is complete, accurate, or balanced. Some information has been obtained from third parties and has not been independently verified. Prospective investors should treat all information as indicative only and subject to verification through their own due diligence process.
No Warranty
No warranty, representation, or undertaking, whether express or implied, is made, and no responsibility is accepted by the business owner as to the accuracy of any part of this or any further information supplied. Recipients rely on the information contained herein entirely at their own risk.
Visual Materials
All visual images, plans, photographs, and projections are indicative only and subject to change without notice. They should not be relied upon as definitive representations of the company's products, services, or financial position.
Not Financial Advice
This document does not constitute, and should not be considered as, financial advice or a recommendation to invest. The preparation of this memorandum does not represent a solicitation for investment in any jurisdiction where such solicitation would be unlawful. You must obtain independent legal, financial, and taxation advice from qualified professionals before making any investment decision.
Valuation Disclaimer
Neither the business owner nor BizDealRoom.com are registered valuers, and no comment is made as to the value of the company or its shares. Any valuations or implied valuations contained within this document are the opinion of the business owner only and should not be treated as a formal or professional valuation for any purpose.
Regulatory Compliance
Recipients are responsible for ensuring that any investment made complies with all applicable laws and regulations in their jurisdiction. FlyOnE Ltd makes no representation that this memorandum complies with the laws of any jurisdiction outside Australia.
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Purpose of This Document
Seeking Growth Capital
Korum Ellis, as Director of FlyOnE Ltd (ACN 642 524 696), is seeking investment for growth capital using the BizDealRoom.com platform (operated by MENTORED BUSINESS SALES SERVICES PTY LTD (ABN 56 630 339 150)) to connect with potential investors.
Commitment to Transparency
This decision reflects the company's commitment to transparency and its desire to engage with the broadest possible pool of qualified investors at this pivotal stage of growth.
Owner Responsibility
The business owner is solely responsible for all content in this memorandum. BizDealRoom.com has not prepared, verified, or endorsed this document or its contents. All representations made herein are those of FlyOnE Ltd and its directors alone.
Purpose and Intended Use
This Confidential Investment Information Memorandum has been prepared by the business owner for selected parties to assist the recipient in making their own independent appraisal before making any investment decision. The memorandum does not purport to be complete or contain all information that a prospective investor may require.
Projections and Currency
All projections have been prepared by the company or their accountants and are subject to uncertainties and contingencies beyond our control. All currency amounts are expressed in Australian dollars unless otherwise stated. Recipients should apply appropriate exchange rate assumptions relevant to their own jurisdiction.
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Conditions of Issue
The following conditions govern the issue of this Investment Information Memorandum and apply to all recipients. By retaining this document, all recipients expressly accept each of the following conditions in full. These conditions are not negotiable and form an integral part of the terms upon which this memorandum has been made available.
Acceptance
These conditions are expressly accepted by retention of this document. If not acceptable, the document must be returned immediately and all copies destroyed.
Independent Evaluation
Recipients must conduct independent review, investigation, and analysis of the investment opportunity with qualified professional advisers prior to any investment commitment.
No Representations
No representation or warranty is made as to accuracy, reliability, or completeness of information by either the business owner or BizDealRoom.com.
Liability Exclusion
Except where liability cannot be excluded by law, no liability arises for errors or omissions, whether by the business owner or BizDealRoom.com.
Projections
Estimates and projections rely on subjective analysis. Discrepancies between forecasts and actual outcomes are typical and should be anticipated by all prospective investors.
Non-Binding
This document does not form part of any investment agreement. Formal agreements will contain all binding representations and warranties negotiated between the parties.
Right to Reject
The company reserves the right to reject any offer without giving reasons and without liability for costs incurred by recipients in preparing or submitting any offer.
Professional Advice Required
Recipients must obtain independent legal, accounting, and financial advice before making any investment decision. This requirement is non-negotiable and forms a condition of access to this memorandum.
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Investor Acknowledgments
By receiving, reviewing, or retaining this Investment Information Memorandum, the recipient expressly acknowledges and agrees to the following terms in their entirety. These acknowledgments are binding upon the recipient and any entity or person on whose behalf the recipient is acting. Retention of this document constitutes unconditional acceptance of all acknowledgments set out below.
Opportunity to Review
The recipient has been given adequate and sufficient opportunity to review all information contained in this memorandum and any supplementary materials, and to ask questions of the business owner regarding the investment opportunity before proceeding.
Non-Reliance
The recipient has not relied upon, and will not rely upon, any information, representation, statement, or opinion contained in this memorandum or made verbally by the business owner, its directors, employees, agents, or any other person in making any decision to invest. No representation or warranty is made as to the accuracy or completeness of any information provided.
Own Investigations
The recipient confirms they will conduct their own independent investigations, enquiries, and due diligence regarding all aspects of the business, its financial position, operations, legal standing, and prospects before making any investment decision. The recipient accepts full responsibility for their own assessment of the investment opportunity.
Independent Professional Advice
The recipient confirms they will obtain independent legal, accounting, financial, and business advice from appropriately qualified and licensed professionals before making any decision to invest. The recipient acknowledges they have been expressly advised to seek such independent advice.
Assumption of Risk
The recipient acknowledges that investing in private companies involves significant risks, including the potential loss of all invested capital. The recipient accepts all risks associated with any investment made and acknowledges that past performance is not indicative of future results.
Release and Indemnity
To the maximum extent permitted by law, the recipient releases and discharges FlyOnE Ltd, its directors, officers, employees, agents, and advisers from any and all claims, demands, actions, liabilities, costs, and expenses arising from or in connection with the recipient's investment decision or reliance on any information provided.
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Message from the Founder
Aviation is about to change — not incrementally, but structurally.
For decades, general aviation has relied on ageing aircraft, rising operating costs and legacy fuel systems. At the same time, electric propulsion, advanced avionics and distributed energy systems have matured to a point where replacement is not only possible — it is commercially logical.
FlyOnE was founded to participate in that transition at the ecosystem level.
We are not building a single product. We are building the infrastructure around the next generation of flight — aircraft supply, pilot training, leasing, continuing airworthiness and energy integration. Real operations. Real aircraft. Real revenue. A foundation designed to scale as fleet replacement accelerates.
Australia has one of the world’s most decentralised geographies and an extensive regional aviation network. Over the coming decades, a significant portion of 2–6 seat aircraft will require replacement. The operators who control supply, training, compliance and asset deployment will shape what that next chapter looks like.
Our strategy is disciplined but ambitious: stabilise revenue through operational verticals, build recurring lease and service income, strengthen regulatory capability, and deploy capital into assets that generate long-term value.
This is not a speculative technology thesis. It is a structural replacement thesis.
We are building FlyOnE to become a leading participant in Australia’s Advanced Air Mobility ecosystem — and, in time, across the Asia-Pacific region. That requires patience, compliance, capital and conviction.
With this raise, we will accelerate aircraft deployment, expand training and operational capacity, deepen strategic partnerships and scale infrastructure capability. Every dollar deployed is intended to move the business closer to asset-backed, recurring and defensible revenue.
Aviation is capital-intensive and highly regulated. It demands discipline. But for those who position early and build properly, the opportunity is substantial.
If you believe the future of general aviation will be cleaner, more efficient and decentralised — and that the transition will reward operators who build ecosystems rather than products — I invite you to join us.
We are not simply electrifying aircraft.
We are modernising how regional aviation operates.
We are modernising how regional aviation operates.
Sincerely,
Korum Ellis
Founder & CEO
FlyOnE Ltd
Korum Ellis
Founder & CEO
FlyOnE Ltd
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Executive Summary
FlyOnE Ltd is an Australian aviation company positioned within the emerging electric aviation and Advanced Air Mobility (AAM) sector. The company is building an integrated aviation ecosystem spanning aircraft supply, pilot training, leasing, continuing airworthiness and sustainable aviation infrastructure.
Australia’s general aviation fleet is ageing. Operating costs are rising, supply chains are tightening and environmental standards are evolving. Over the coming decades, a substantial proportion of 2–6 seat aircraft will require replacement. Electric and next generation aircraft platforms offer lower operating costs, simplified maintenance, renewable energy integration and modern safety systems.
FlyOnE’s strategy is to participate across this structural transition — not merely through aircraft sales, but by building revenue layers around the aircraft lifecycle.
The company operates across:
- Electric aircraft distribution and strategic manufacturer partnerships
- Pilot training and operational support
- Aircraft leasing and management
- Continuing airworthiness and service capability
- Early-stage aviation infrastructure deployment
This vertically integrated model enables FlyOnE to generate operational revenue while building recurring income streams through lease portfolios, service capability and infrastructure participation.
Rather than relying on a single technology event, the company has adopted a staged expansion approach:
- Stabilise and grow operational revenue
- Expand asset-backed lease portfolio
- Deploy infrastructure aligned with aircraft growth
- Strengthen regulatory and compliance capability
- Scale into broader regional participation
FlyOnE has already established operational foundations, secured partnerships and commenced ecosystem buildout, positioning the company to scale alongside the accelerating fleet replacement cycle.
The company is seeking AUD $9 million in equity capital to accelerate:
- Aircraft acquisition and lease portfolio growth
- Infrastructure and energy deployment
- Operational scaling and compliance capability
- Strategic partnerships
- Working capital to support expansion
FlyOnE’s objective is to become a leading participant in the modernisation of regional aviation — building an asset-backed, recurring revenue platform that supports the transition to next generation electric aircraft across Australia and, in time, the Asia-Pacific region.
The opportunity is not simply technological. It is structural.
FlyOnE is building the ecosystem around the next chapter of flight.
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History and Key Business Milestones
FlyOnE Ltd was founded in 2021 with a clear strategic objective: to position the business at the forefront of Australia’s transition toward electric and next generation aviation.
From inception, the company has adopted a staged growth strategy — prioritising operational capability, regulatory engagement and commercial traction before large-scale asset deployment.
2021-2022: Foundation & Validation
Incorporation, strategic relationships, operational concepts, pilot training development, and market validation within Australia’s regional aviation community.
2023: Capital Raise
Securing equity capital to accelerate aircraft acquisition, infrastructure deployment, and operational scaling to meet growing demand.
2024: Operational Scaling
Expanding lease portfolio, strengthening regulatory compliance, and scaling operations to service a broader regional network across Australia.
2025: Strategic Positioning
Targeting market leadership in electric regional aviation and exploring expansion opportunities into the wider Asia-Pacific region.
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History and Key Business Milestones
2021 – Foundation and Strategic Direction
FlyOnE Ltd was incorporated with a focus on advancing electric aviation within Australia’s general aviation sector. The initial phase centred on:
- Establishing strategic industry relationships
- Engaging with emerging electric aircraft manufacturers
- Developing early-stage operational concepts
- Building internal capability and regulatory familiarity
This phase laid the groundwork for ecosystem participation rather than single-product exposure.
2022 – Early Partnerships and Market Validation
During 2022, FlyOnE progressed discussions with aircraft suppliers and aviation stakeholders while refining its commercial model.
Key focus areas included:
- Pilot training program development
- Aircraft supply pathways
- Regulatory engagement
- Market validation within Australia’s regional aviation community
This period confirmed demand for participation in next generation aviation and reinforced the viability of a vertically integrated model.
2023 – Capital Raise and Ecosystem Expansion
In 2023, FlyOnE successfully raised approximately AUD $2.7 million in equity capital to support the buildout of its aviation ecosystem.
Advancing aircraft supply and operational capability
Developing pilot training programs
Building aircraft management and leasing structures
Strengthening regulatory and compliance capacity
Progressing strategic partnerships and infrastructure planning
This capital raise marked the transition from concept validation to structured operational execution.
2024 – Operational Consolidation and Scaling
Following the capital raise, FlyOnE focused on consolidating its operational footprint and preparing for scaled expansion. Key initiatives included:
- Expanding aircraft under management
- Strengthening recurring revenue through training and service verticals
- Advancing infrastructure and energy integration planning
- Progressing joint venture discussions and long-term asset participation
The company entered a growth phase supported by established foundations and diversified revenue capability.
Current Position
FlyOnE has evolved from an early-stage aviation concept into an operational ecosystem participant with integrated verticals across supply, training, leasing and service.
The company’s development reflects a deliberate progression:
- Establish regulatory and operational foundations
- Validate commercial demand
- Raise capital to build core capability
- Deploy assets and expand recurring revenue
- Scale through structured capital allocation
FlyOnE now enters its next phase focused on asset-backed growth, lease portfolio expansion and regional participation in Australia’s fleet replacement cycle.
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Typical Customers
FlyOnE operates across multiple aviation verticals and serves a diverse customer base within Australia’s general aviation and emerging electric aviation ecosystem.
The company’s typical customers include:
Flight Training Organisations and Aspiring Pilots
Electric aircraft offer reduced fuel costs, simplified maintenance and modern avionics, creating strong alignment with training environments.
- Students seeking electric and next generation pilot training
- Flight schools modernising fleets
- Operators seeking lower operating cost training aircraft
Private Aircraft Owners
- Individuals seeking modern, lower operating cost aircraft
- Owners transitioning from legacy piston-engine platforms
- Operators seeking simplified maintenance and digital systems
Regional Aviation Operators
These customers benefit from improved operating economics and emerging sustainable aviation positioning.
- Charter operators
- Air taxi providers
- Regional transport services
- Tourism and private hire operators
Lease and Finance Counterparties
FlyOnE’s leasing model enables recurring revenue while supporting operator growth.
- Operators preferring asset-light structures
- Flight schools seeking fleet access without upfront capital
- Regional operators expanding capacity
Infrastructure and Energy Participants
As electric aviation scales, infrastructure deployment becomes a parallel growth vertical.
- Regional aerodromes
- Property developers exploring landing zone integration
- Aviation infrastructure partners
- Energy integration participants
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Business Model
FlyOnE operates a vertically integrated aviation model designed to generate revenue across multiple stages of the aircraft lifecycle. Rather than relying on a single revenue stream, the company participates across supply, training, leasing, operations and infrastructure — creating layered and recurring income.
The model is structured to stabilise operational cashflow before scaling asset deployment.
Aircraft Supply and Distribution
FlyOnE partners with next generation aircraft manufacturers to distribute electric and low-emission aircraft within Australia.
Revenue is generated through:
- Aircraft sales margins
- Pre-delivery services
- Configuration and integration support
Aircraft supply establishes the foundation for downstream recurring revenue through leasing, training and service.
Pilot Training and Flight Operations
The company provides pilot training programs aligned with electric and next generation aircraft platforms.
- Revenue sources include:
- Training program fees
- Aircraft utilisation income
- Ongoing flight operations support
Training activity supports aircraft sales while creating recurring revenue and strengthening operator relationships.
Aircraft Leasing and Asset Management
FlyOnE participates in aircraft leasing structures to support operators seeking fleet access without full upfront capital expenditure.
Revenue is generated through:
- Lease income
- Asset management fees
- Structured finance arrangements
Leasing creates long-term, asset-backed recurring income and increases lifetime customer value.
Continuing Airworthiness and Service
As aircraft numbers scale, FlyOnE provides ongoing service and regulatory compliance support.
Revenue sources include:
- Maintenance coordination
- Compliance and airworthiness services
- Service agreements
This vertical generates predictable recurring income while strengthening customer retention.
Air Taxi and Charter Participation
FlyOnE supports and participates in regional air taxi and charter operations utilising next generation aircraft.
Revenue is generated through:
- Passenger flight income
- Operational margins
- Fleet utilisation optimisation
Air taxi operations demonstrate commercial viability and support infrastructure rollout.
Infrastructure and Energy Integration
As electric aviation scales, infrastructure becomes a parallel opportunity.
FlyOnE is progressing aviation infrastructure capability including:
- Landing zone integration
- Energy deployment and charging systems
- Strategic aerodrome partnerships
Infrastructure participation strengthens ecosystem control and enables long-term scaling.
Integrated Revenue Model
The business model is designed so that each vertical reinforces the others:
Aircraft supply drives training demand. Training drives leasing and service demand. Leasing drives recurring income. Service strengthens retention. Infrastructure enables scale.
This integration creates structural barriers to entry and reduces reliance on any single margin line.
Staged Expansion Approach
FlyOnE’s model evolves through three phases:
Phase 1 – Operational Foundation Establish supply, training and service revenue.
Phase 2 – Asset Expansion Grow lease portfolio and recurring income streams.
Phase 3 – Infrastructure Scaling Deploy energy and landing zone capability aligned with fleet growth.
This staged approach supports disciplined capital deployment and scalable growth.
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Financial Overview
FlyOnE’s financial model is structured around diversified aviation revenue streams, with an emphasis on asset-backed and recurring income as the business scales.
The company’s financial progression reflects a staged expansion strategy: operational foundation first, asset growth second, infrastructure scaling third.
Historical Capital and Development Phase
Since incorporation, FlyOnE has raised approximately AUD $2.7 million in equity capital
to support:
- Aircraft supply development
- Pilot training program establishment
- Aircraft management capability
- Regulatory and compliance framework development
- Strategic partnership progression
This capital has been directed toward building operational capability rather than speculative research expenditure.
Revenue Structure
FlyOnE generates revenue across multiple aviation verticals, including:
- Aircraft supply and distribution
- Pilot training programs
- Aircraft leasing and management
- Continuing airworthiness and service
- Air taxi and charter participation
Revenue mix evolves as asset deployment increases, with leasing and service expected to contribute a growing proportion of recurring income over time.
The model is designed so that aircraft supply activity drives downstream training, leasing and service revenue, increasing total lifetime value per aircraft deployed.
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Use of Funds
FlyOnE is seeking AUD $9 million in equity capital to accelerate the next phase of asset-backed and operational expansion.
Capital will be deployed across the following strategic priorities:
Aircraft Acquisition and Lease Portfolio Expansion
A primary allocation of capital will be directed toward aircraft acquisition and participation in lease structures.
- Securing next generation aircraft inventory
- Expanding the lease portfolio
- Supporting structured finance arrangements
- Increasing aircraft under management
Lease portfolio growth supports recurring revenue generation and long-term asset participation.
Infrastructure and Energy Deployment
Capital will support the development of aviation infrastructure aligned with aircraft growth, including:
- Landing zone integration
- Charging and energy deployment capability
- Strategic aerodrome partnerships
- Supporting ground hardware
Infrastructure investment is designed to enable scalable operations while strengthening ecosystem control.
Operational Scaling and Regulatory Capability
Aviation is highly regulated and compliance-intensive. Capital will be allocated to:
- Regulatory approvals and certification support
- Continued airworthiness capability
- Compliance systems and operational governance
- Safety and quality management frameworks
This strengthens FlyOnE’s ability to scale responsibly and efficiently.
Talent Acquisition and Organisational Growth
As asset participation expands, FlyOnE will invest in:
- Technical and operational personnel
- Aviation maintenance capability
- Training instructors and flight operations staff
- Executive and compliance leadership
Building internal capability supports long-term margin control and operational independence.
Working Capital and Strategic Flexibility
A portion of funds will be retained for:
- Working capital support
- Partnership advancement
- Commercial negotiations
- Contingency allocation
This ensures disciplined growth without overextension.
Capital Allocation Philosophy
FlyOnE’s capital deployment strategy prioritises:
- Revenue-generating assets
- Recurring income structures
- Regulatory and operational strength
- Infrastructure aligned with aircraft growth
The objective is to build long-term enterprise value through structured, asset-backed scaling rather than speculative expenditure.
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Leadership Team and Governance
FlyOnE is led by an executive and board team combining aviation experience, operational capability and commercial scaling expertise. The company’s leadership philosophy is grounded in disciplined capital allocation, regulatory compliance and structured growth.
Korum Ellis
Founder, Executive Director & Chief Executive Officer
Founded FlyOnE with a clear strategic vision: to position Australia at the forefront of the transition to electric and next generation aviation.
As CEO, Korum is responsible for:
- Strategic direction and ecosystem development
- Manufacturer and partnership relationships
- Capital raising and investor engagement
- Regulatory engagement and industry positioning
- Long-term commercial growth strategy
Korum brings entrepreneurial experience, operational execution capability and deep conviction in the structural transition of general aviation. His leadership approach prioritises building operational foundations before scaling capital deployment.
Tim Dawson
Chair of the Board & Lead Investor
Tim Dawson serves as Chair of the Board and is a lead investor in FlyOnE.
Tim is a seasoned entrepreneur and former CEO of a successful nine-figure software company. He brings:
- Strategic governance oversight
- Commercial scaling experience
- Technology sector expertise
- Capital markets perspective
As Chair, Tim provides independent oversight, strategic guidance and governance structure appropriate for scalable growth.
Governance Framework
FlyOnE operates under a formal board structure with executive and non-executive representation. Governance priorities include:
- Regulatory compliance
- Risk management
- Capital allocation discipline
- Operational oversight
- Strategic alignment
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Leadership Team and Governance
Joshua Portlock
Non-Executive Director
Joshua Portlock supports the company across:
- Public relations and strategic positioning
- Business development
- Supply chain strategy
- Technical research and development oversight
Joshua contributes to long-term strategic planning and external relationship development within the evolving electric aviation ecosystem.
Darroné Manning
Chief Operations Officer
Darroné Manning oversees operational execution across the organisation, including:
- Human resources coordination
- Client engagement and service delivery
- Logistics and systems implementation
- Operational process optimisation
The COO role ensures structured operational delivery as aircraft participation and infrastructure capability scale.
Organisational Philosophy
The FlyOnE leadership team is aligned around:
- Asset-backed growth
- Recurring revenue development
- Regulatory integrity
- Operational excellence
- Long-term enterprise value creation
The company’s growth strategy is deliberately staged to ensure that capital deployment, compliance capability and operational systems scale in parallel.
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Products and Services
FlyOnE operates a vertically integrated aviation ecosystem spanning aircraft supply, training, leasing, operations and infrastructure participation. The company’s model is structured to generate revenue across multiple stages of the aircraft lifecycle.
Aircraft Supply and Distribution
FlyOnE participates in the supply and distribution of next generation electric and low-emission aircraft within Australia.
Services include:
- Aircraft sales and procurement
- Manufacturer coordination
- Importation and regulatory support
- Configuration and integration assistance
Aircraft supply establishes the foundation for downstream training, leasing and service participation.
Pilot Training Programs
FlyOnE provides pilot training aligned with next generation aircraft platforms.
Training services include:
- Electric aircraft familiarisation
- Private and commercial pathway participation
- Transition training from legacy platforms
- Operational support programs
Electric training platforms offer lower operating costs and modern avionics environments, supporting long-term fleet transition.
Aircraft Leasing and Asset Participation
FlyOnE participates in structured leasing arrangements for operators seeking access to next generation aircraft without full upfront capital deployment.
Services include:
- Aircraft leasing structures
- Asset management
- Fleet participation arrangements
- Long-term utilisation support
Leasing generates recurring revenue and strengthens long-term operator relationships.
Continuing Airworthiness and Service
As aircraft participation increases, FlyOnE provides:
- Continuing airworthiness coordination
- Maintenance oversight
- Compliance support
- Service program participation
This vertical generates recurring income while reinforcing regulatory capability and customer retention.
Air Taxi and Charter Operations
FlyOnE participates in regional air taxi and charter operations utilising next generation aircraft platforms.
This includes:
- On-demand regional transport
- Private charter services
- Fleet deployment optimisation
- Commercial utilisation strategies
Air taxi operations demonstrate operational viability and support infrastructure development.
Infrastructure and Energy Integration
FlyOnE is progressing infrastructure capability to support scalable electric aviation operations, including:
- Landing zone participation
- Charging and energy integration
- Strategic aerodrome relationships
- Ground hardware deployment
Infrastructure strengthens ecosystem participation and supports long-term fleet growth.
Emerging and Strategic Capabilities
FlyOnE is exploring additional strategic verticals, including:
UAV and autonomous systems participation
Aviation data analytics applications
Government and defence collaboration (subject to regulatory approvals and commercial agreements)
These initiatives represent expansion pathways aligned with the company’s broader aviation ecosystem strategy.
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Investment Thesis
FlyOnE’s investment proposition is grounded in structural industry transition, vertically integrated participation and asset-backed scaling within a regulated aviation environment.
The thesis is not dependent on a single technological breakthrough. It is based on participation in an evolving fleet replacement cycle supported by operational capability and staged capital deployment.
Structural Fleet Replacement Cycle
Australia’s 2–6 seat general aviation fleet is ageing, with many aircraft reliant on legacy propulsion systems, rising maintenance costs and increasingly complex supply chains.
Electric and next generation aircraft platforms offer:
Lower operating costs
Reduced mechanical complexity
Renewable energy integration
Modern avionics and safety systems
Over the coming decades, a material portion of the light aircraft fleet will require replacement. This transition presents opportunity not only in aircraft sales, but across training, leasing, service and infrastructure participation.
FlyOnE is positioned to participate in this structural shift.
Vertically Integrated Ecosystem Participation
Rather than focusing solely on aircraft distribution, FlyOnE operates across multiple layers of the aviation lifecycle:
Aircraft supply
Pilot training
Leasing and asset management
Continuing airworthiness
Air taxi participation
Infrastructure and energy integration
This integrated structure supports diversified revenue streams and reduces reliance on a single margin source.
Each deployed aircraft can contribute revenue across multiple verticals, increasing lifetime economic participation per asset.
Asset-Backed and Recurring Revenue Model
A core component of FlyOnE’s strategy is lease portfolio participation and service-based recurring income.
Leasing structures provide:
Predictable income streams
Residual asset value retention
Long-term operator relationships
As fleet participation increases, recurring income from lease and service activity is expected to represent a growing proportion of revenue.
This approach supports enterprise value development through asset-backed participation rather than purely transactional sales.
Staged and Disciplined Capital Deployment
FlyOnE has adopted a phased growth model:
Establish operational foundations
Build training and service capability
Expand asset-backed leasing
Deploy infrastructure aligned with aircraft growth
Capital is allocated toward revenue-generating assets and regulatory capability rather than speculative technology development.
This staged approach is designed to manage risk while supporting scalable growth.
Early Positioning in a Regulated Emerging Sector
Electric aviation and Advanced Air Mobility remain early in their commercial adoption cycle.
Operating within a regulated environment creates barriers to entry, particularly where compliance, safety systems and operational capability are required.
FlyOnE’s early engagement in training, supply and regulatory participation positions the company within the emerging ecosystem as standards and adoption pathways mature.
Summary of Thesis
A structural aviation fleet transition
A vertically integrated revenue model
Asset-backed and recurring income scaling
Disciplined capital allocation
Early positioning within a regulated and evolving sector
The investment case is grounded in operational ecosystem development rather than reliance on a single technological outcome.
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Competitive Landscape
FlyOnE operates within the broader general aviation and emerging electric aviation ecosystem. The competitive landscape is evolving and can be categorised across several participant groups rather than a single direct competitor.
The company’s positioning reflects participation across multiple segments of this landscape.
1. Legacy General Aviation Operators
Traditional general aviation in Australia is dominated by:
- Piston-engine aircraft manufacturers
- Independent flight schools
- Regional charter operators
- Maintenance and service providers
These operators typically function within fragmented, single-vertical business models — for example, training only, charter only, or maintenance only.
Legacy fleets are often reliant on ageing aircraft platforms with rising operating and maintenance costs.
FlyOnE differentiates itself through participation in next generation aircraft platforms and integration across supply, training, leasing and service rather than operating as a single-segment provider.
2. Electric Aircraft Manufacturers (OEMs)
Globally, several manufacturers are developing electric and eVTOL aircraft platforms.
These organisations primarily focus on:
- Aircraft design and manufacturing
- Certification pathways
- Technology development
They are not typically vertically integrated regional operators.
FlyOnE does not compete as an aircraft manufacturer. Instead, it participates downstream through distribution, leasing, operations and infrastructure — positioning the company as an ecosystem participant rather than a technology developer.
3. Regional Charter and Air Taxi Providers
Regional aviation operators provide passenger services across Australia, particularly in decentralised markets.
These operators may transition to electric platforms as aircraft become commercially viable.
FlyOnE’s participation in aircraft supply, leasing and operational integration enables it to support and potentially collaborate with such operators rather than solely compete with them.
4. Independent Flight Training Organisations
Flight schools represent a core segment of general aviation. Most operate with legacy aircraft fleets and generate revenue exclusively from training fees.
Electric training platforms offer lower operating costs and modern avionics environments, creating a potential shift in fleet composition over time.
FlyOnE’s integrated model combines training with supply and leasing, increasing customer lifetime value beyond standalone instruction revenue.
5. Aircraft Leasing and Finance Providers
Aircraft leasing firms typically operate as financial asset managers without direct operational integration.
FlyOnE’s leasing participation is integrated with training, service and infrastructure, enabling operational alignment with asset performance and utilisation.
This reduces reliance on purely financial spread models and enhances ecosystem control.
Competitive Positioning Summary
FlyOnE’s differentiation is not based on singular product superiority, but on structural integration.
- The company:
- Participates across multiple revenue layers
- Aligns asset deployment with operational capability
- Integrates training, leasing and service
- Builds infrastructure capability in parallel with fleet growth
While the electric aviation sector remains early in its commercial adoption cycle, FlyOnE’s integrated positioning seeks to create structural barriers to entry as regulatory frameworks and fleet replace reallyThe competitive landscape remains dynamic. FlyOnE’s strategy focuses on disciplined ecosystem participation rather than direct displacement of established aviation incumbents.
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Risk Factors
FlyOnE operates within a capital-intensive, regulated and evolving aviation environment. The following factors may influence operational performance and growth trajectory.
Regulatory and Certification Risk
Aviation is subject to extensive regulatory oversight. Aircraft certification, operational approvals, airworthiness compliance and infrastructure deployment require regulatory engagement.
Delays, changes in regulatory frameworks or evolving compliance requirements may affect operational timelines or cost structures.
Technology Adoption Risk
Electric and next generation aircraft platforms remain early in commercial adoption. Market acceptance, battery performance evolution and infrastructure readiness may develop at varying rates.
Adoption speed within the broader aviation industry may influence deployment timing.
Capital Intensity and Funding Risk
Aircraft acquisition, leasing structures and infrastructure deployment require capital investment. Access to future capital markets may influence the pace of expansion.
Scaling the lease portfolio and asset participation requires disciplined capital allocation.
Asset Utilisation Risk
Revenue from leasing and air taxi participation depends on aircraft utilisation levels.
Lower-than-anticipated utilisation rates may affect revenue generation and return profiles.
Competitive and Industry Risk
The aviation industry includes established incumbents and emerging electric aircraft participants. As the market evolves, new entrants or existing operators may expand into similar verticals.
Competitive dynamics may affect pricing, margin structures and partnership access.
Operational Execution Risk
As fleet participation increases, FlyOnE must scale operational systems, safety frameworks and organisational capability.
Operational complexity increases with asset deployment and geographic expansion.
Infrastructure and Energy Risk
Electric aviation requires supporting infrastructure including charging capability and landing zone access.
Infrastructure rollout may depend on third-party cooperation and regional readiness.
Macroeconomic Conditions
Interest rates, fuel prices, capital markets conditions and regional economic performance may influence aviation demand and asset financing structures.
Risk Management Approach
FlyOnE’s staged expansion model is designed to manage these risks through:
- Diversified revenue streams
- Asset-backed participation
- Regulatory engagement
- Phased capital deployment
- Operational integration across verticals
The company’s growth strategy prioritises structured expansion rather than rapid speculative scaling.
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Roadmap and Growth Opportunities
A forward-looking roadmap provides context for how FlyOnE intends to scale within the evolving aviation ecosystem.
The roadmap reflects staged expansion aligned with operational capability and capital deployment.
Phase 1 – Operational Foundation (Current Stage)
- Expand aircraft under management
- Increase pilot training throughput
- Strengthen recurring service capability
- Consolidate regulatory and compliance frameworks
Objective: Stabilise multi-vertical revenue participation.
Phase 2 – Asset Portfolio Expansion
- Expand structured leasing participation
- Increase asset-backed recurring revenue
- Deploy aircraft into regional markets
- Strengthen strategic operator relationships
Objective: Build predictable income streams and asset scale.
Phase 3 – Infrastructure and Network Scaling
- Expand charging and energy deployment
- Establish additional landing zone partnerships
- Broaden regional air taxi participation
- Integrate infrastructure with fleet growth
Objective: Strengthen ecosystem control and support scalable deployment.
Phase 4 – Strategic Expansion Opportunities
Subject to regulatory approvals and capital availability, potential future opportunities may include:
- Broader regional participation across Asia-Pacific
- UAV and autonomous system integration
- Government and defence collaboration
- Expanded manufacturing participation through strategic alliances
These opportunities are staged and contingent on operational maturity and capital deployment.
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Exit and Realisation Considerations
FlyOnE is focused on building a long-term, asset-backed aviation platform. While the company’s primary objective is operational growth and enterprise value creation, the Board recognises that investors may seek liquidity or capital realisation over time.
At this stage, no specific exit transaction, timeframe or structure has been determined. Realisation pathways will depend on market conditions, regulatory environment, capital markets dynamics and the company’s operational maturity at the relevant time.
Potential realisation scenarios may include:
1. Strategic Acquisition
As the electric and next generation aviation sector evolves, larger aviation operators, infrastructure groups, asset managers or international aviation participants may seek to acquire integrated regional platforms.
An established ecosystem participant with recurring revenue, asset-backed leasing and infrastructure capability may be attractive to strategic acquirers seeking regional expansion or vertical integration.
2. Lease Portfolio or Asset Monetisation
As FlyOnE expands its lease portfolio and asset base, individual aircraft assets or structured lease portfolios may provide monetisation opportunities through:
- Portfolio sale
- Structured refinancing
- Partial asset divestment
- Capital recycling strategies
Such transactions, if pursued, would be evaluated in the context of balance sheet optimisation and long-term value.
3. Infrastructure and Joint Venture Transactions
Infrastructure assets or landing zone participation may, over time, support joint venture arrangements or partial equity realisation opportunities aligned with long-term strategic partnerships.
4. Public Market Pathway
Subject to scale, regulatory environment and capital market conditions, a future public listing may represent a potential liquidity pathway. Any such consideration would require substantial operational maturity, governance development and market readiness.
5. Secondary Share Transactions
Over time, liquidity may also arise through private secondary share transactions, subject to Board approval and shareholder agreements.
No representation is made as to the timing, likelihood or structure of any realisation event. Investors should not rely on any specific exit scenario or timeframe when considering an investment in FlyOnE.
The company’s current focus remains on disciplined capital deployment, asset-backed scaling and long-term enterprise development.
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Investment Process Guide
FlyOnE Ltd has structured a clear, transparent, and professionally governed investment process to facilitate a smooth and efficient path to completion for all qualified investor parties. Each step has been designed to protect the interests of both the company and prospective investors, and to ensure that all parties have the information and professional support required to make well-informed decisions. We strongly encourage all prospective investors to engage experienced legal, financial, and accounting advisers throughout this process.
Step 1: Expression of Interest
Submit your non-binding Expression of Interest (EOI) through the Platform, outlining your proposed investment amount, preferred structure, and any specific requirements or conditions you wish to discuss. This step carries no binding obligation and is the starting point for a productive dialogue.
Step 2: Term Sheet
Upon EOI acceptance, a draft term sheet will be prepared by the business owner covering investment structure, timeline, payment terms, governance arrangements, investor rights, and key performance milestones. This document forms the basis for negotiation and due diligence planning.
Step 3: Due Diligence
Conduct your own comprehensive review of financial statements, financial projections, legal documentation, regulatory compliance records, operational processes, and management capability with your independent professional advisers. Full access to the company's secure data room will be provided to facilitate this process.
Step 4: Final Agreement
Execute the legally binding investment agreement incorporating all negotiated terms, investor rights and obligations, dispute resolution mechanisms, and conditions precedent to completion. Independent legal advice at this stage is not merely recommended — it is essential.
Step 5: Completion
Transfer investment funds to the designated trust account upon satisfaction of all conditions precedent. Receive share certificates, shareholder agreements, and all relevant corporate documentation. Establish ongoing reporting and communication arrangements with the FlyOnE Ltd board.
Important: All negotiations, agreements, and transactions are conducted directly between the business owner and the investor. BizDealRoom.com is not a party to any investment agreement and accepts no responsibility for the terms, completion, or outcomes of any transaction entered into by parties using the Platform.
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CONTACTS
Korum Ellis
CEO and Director
FlyOne LTD
FlyOne LTD
Contact Number
(08) 7666 3400
Email
korum.e@flyone.com.au
Website
Legal Advisers
Firm Name
[Solicitor Firm Name]
Contact Person
[Partner Name]
Phone
[Phone Number]
Email
[Email Address]
Accounting Advisers
Firm Name
[Accounting Firm Name]
Contact Person
[Partner Name]
Phone
[Phone Number]
Email
[Email Address]
All inquiries regarding this investment opportunity should be directed to Korum Ellis.
We are committed to responding promptly to all serious expressions of interest and welcome the opportunity to discuss this opportunity in greater detail with qualified investors.
Confidentiality Reminder
This memorandum and all associated materials remain confidential. Do not contact employees, suppliers, or customers of FlyOne Ltd directly. All communication must be coordinated through the designated contact.
FlyOne Ltd ABN: 642 524 696 | Investment opportunity advertised via BizDealRoom.com | This document is confidential and for use by intended recipients only
Version 1.0 – March 2026
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