Enron Mail

To:jeffrey.mcmahon@enron.com, franklevy@fairair.com, whalley@enron.com
Subject:RE: FairAir Proposal
Date:Sat, 19 May 2001 07:44:00 -0700 (PDT)

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


Sorry it has taken me so long to get back to you.? Unfortunately,
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
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
to this market.? If there still is opportunity at the beginning of next
year, please contact me.? Maybe we will have better luck then.


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


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.



?<<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<<