Job Aire Group, which provides staffing services to the aviation industry, withdrew its plans for an initial public offering on Monday. It originally filed in July 2024 and most recently planned to raise $11 million by offering 2.3 million shares at a price range of $4.50 to $5.50.
The Tucson, AZ-based company was founded in 2007 and booked $30 million in revenue for the 12 months ended June 30, 2024. It had planned to list on the NYSE American under the symbol JAG. The Benchmark Company was set to be the sole bookrunner on the deal.
