October 15, 2013
Southern Airways meets with new capital investors
Memphis-based Southern Airways is embarking on its secondary capital raise in order to further expand the carrier’s increasing demand for flights across its five-state footprint. Credited with helping secure a new tower for the Destin Airport due to its daily passenger service there, Southern has been a welcome amenity to those Memphis and Oxford beach homeowners and vacationers wanting direct and convenient flights. The airline wants to continue to boost travel to Destin, Gulf Shores, and Panama City but also to serve other markets. With Delta having already cut non-stop destinations out of Memphis from 93 to 29, and with more anticipated cuts coming to Memphis International Airport in the future, Southern is counting on rapid growth and hoping to move quickly to meet demand.