Aircraft - Tuesday, April 10, 2007
Japan's JetBlue: VC-backed Exec Jet Service Star Flyer Prepares IPO

An investor in Japan's Star Flyer, Japanese investment bank Daiwa Securities is preparing the company for an initial public offering in Japan, says VC firm DCM. Other investors include DCM, Toto Corporation, Daiichi Kotsu Sangyo, Nippon Steel, Yasukawa Electric, Zenrin, and Bank of Yamaguchi.
Launched in 2006, Star Flyer is a low-cost airline carrier that provides frequent shuttle services between large Japanese cities. That company says that unlike Japan’s other airline carriers, Star Flyer leverages a strong online marketing and sales channel to efficiently cater to high-margin business travelers.


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