Jamail Larkins has had a passion for flying since he was 12 years old. At age 14 he first flew solo and had to travel all the way to Canada to do so, considering no one under 16 years old can fly solo in the U.S. Larkins reputation in the aviation industry took off from there. John and Martha King, owners of the King School assisted in Jamail for achieving his desire to be a pilot. The King’s offered Jamail the opportunity to sell their flight school books and videos.
The opportunity provided to Jamail is where his desire for entrepreneurship had grown. Larkins proved his abilities in this business and began distributing Gulf Coast Avionics various products, which included electronic equipment used for in-flight navigation and communication.
In 2006, Larkins formed a 50-50 partnership with Arnold Leonora, who worked in commercial aviation brokerage. Together Larkins and Leonora formed Ascension Aircraft. By 2007 Larkins company had earned revenues of $7.6 million. There were obviously tough times as well. In 2008, Larkins company had difficulty. The interest in their product was there, but the ability to earn a low interest rate loan was impossible after the subprime mortgage bubble had popped. However, as a true entrepreneur Larkin’s company found ways to be successful. After being asked by a bank to sell a jet owned by a man entering bankruptcy, Larkins discovered a new market.
Today, Ascension Aircraft is having continued success. To this day they are the only company in the U.S. that offers Personally-Flown Jet Timeshares. Larkins identified a problem in the market, found the pain of his consumers and delivered a business that has revolutionized aircraft ownership.