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Enron Mail |
Thanks for your reply. We certainly can appreciate the importance of focus
and not being able to devote cycles to activities which are not core. We'll keep you up to date with our progress and perhaps the time will be right in the future. Regards, Frank -----Original Message----- From: Jeffrey.McMahon@enron.com To: franklevy@fairair.com; whalley@enron.com Cc: singer@fairair.com Sent: 5/19/2001 1:10 PM Subject: RE: FairAir Proposal Frank- Sorry it has taken me so long to get back to you.? Unfortunately, business is such that at this time we do not have the resources to allocate for someone to focus on your worthy effort.? It really is interesting, but we just have our hands full on a variety of new initiatives that are much bigger in scope.? Basically, just bad timing. Best of luck to you and your team in your efforts to bring some efficiency to this market.? If there still is opportunity at the beginning of next year, please contact me.? Maybe we will have better luck then. Regards, Jeff McMahon -----Original Message----- From: Frank Levy <franklevy@fairair.com<@ENRON Sent: Mon 3/19/2001 8:26 PM To: 'whalley@enron.com'; McMahon, Jeffrey Cc: Jason Singer Subject: FairAir Proposal Jeff and Greg: Echoing Jason's message from last week, we enjoyed meeting you very much.? With this email I would like to follow up on comments you made regarding a possible investment that would allow FairAir to serve in a market-making role. As detailed in the attached presentation, we propose that Enron invest $3.5 million for 17% of our company as the lead investor in a $6 million round.? These funds would let us deploy $2 million toward market-making and grow our business over 12 months to the point where we are generating $250k in monthly profits. (Our projections are detailed in the attached spreadsheet.) FairAir is the industry's best hope for the creation of a true travel market down the road.? Now that our system is operational, we are poised for growth.? As we discussed, Northwest has verbally committed to expanding from seven trial markets to their full route system.? Additionally, in direct conversations with American and Continental, we received a strong indication that an investment from Enron would tip the balance in our favor. I will call you the morning of Monday, March 26th to follow up on this email. Regards, Frank ?<<Proposal 3_19_01.ppt<<? <<FA2 Pro Forma.xls<< ===================================================== Frank Levy, CEO/Founder, FairAir.com 385 Fremont Street, SF, CA? 94105 mobile:? 415-378-4942 efax:??? 508-302-8449 email:? franklevy@fairair.com ----------------------------------------------------- Coming soon from FairAir: the world's only transferable airline ticket.? Sell a ticket you can't use. Change the passenger name on a ticket. Beta signup:? http://www.fairair.com <http://www.fairair.com<;. ===================================================== ?- Proposal 3_19_01.ppt <<Proposal 3_19_01.ppt<< ?- FA2 Pro Forma.xls <<FA2 Pro Forma.xls<<
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