Current Aviation retains DelMorgan & Co. for $40 million capital raise

Current Aviation has retained DelMorgan & Co. as strategic advisor for its $40 million capital raise to launch what one advisor calls a “game-changer” in airline travel between cities underserved by airlines today. Dallas-based Current will offer direct flights, on smaller airplanes, between cities where scheduled air service is either nonexistent or significantly reduced. Current CEO, Brad Beakley, says, “The size of these markets makes flights uneconomical for both traditional carriers and ultra-low-cost carriers, leaving customers facing hours of travel through airline hubs, or by car, to reach destinations that are just an hour or two away on direct flights.”