A friend of mine , an investor , has been offered a unique oppportunity to invest in ( idon't know what ) Star airways.
they said it will operate in Pakistan Middle east , London and NYC , for Cheap Flights. so if anyone knows anything about this airways please let me know.
i don't know if it is a new company or a working company now. and your comments will be highly appreciated,
"ataboy" when i said your comments will be highly appreciated , well i wasn't talking about the silly ones !
the chairman says they are finalizing the leasing agreement of the airplanes 737-300 boeing quantity 4
but how do i make sure about this....especially a bank is financing us, where should i check about all their papers, licenses, everything before i present it to the bank for the financing matter?
the chairman is in London but the company will be operating from Pakistan.
Plz help ,,,,if i success i won't forget the people who helped me
ataboy is absolutely right! Another millionaire in the making Goodluck and best wishes to your investor friend. If he's got enough pocket money, I can give you my address. He can invest on my housing and a sports car. Thank you.
i will post for you guys the offer right now,,,and see your responses.
the offer is as follows :
Dear Sir,
Thanks for your interest. We have completed most of the areas like CAA Licence & Routes, Ground Handling Machinery etc. We have a short fall of working capital approx xx-xx US$, for which we can offer you similar profit sharing ratio. If you are interested to join us please do tell us about your goodself and about your finance situation.
Star Airways I would like to keep the phone numbers and address for me ( :
Company Overview: Star Airwaysis first Low-Cost Carrier (LCC), which is operating with a capital of $ US xx Million domestic between major cities like Karachi, Lahore & Islamabadin Pakistan and to International destinations like Dubai, Sharjah & Abu Dhabi,London & New York. Star Airways is a profitable, growing low-fare, short-haul airline that employs nearly 250 people and reaching 8 cities, primarily in Pakistan and Middle East. Star Airways is second largest carrier (LCC) operating out in Pakistan, which targets business and leisure travelers, and operates 6 flights a day. Star Airways will have a fleet of 4 aircrafts, Boeing’s modern and environmental friendly 737-300 regional jets – including XM Satellite Radio.
Mission Statement:
“Innovative people dedicated to delivering the best flying experience to smart travelers. Every-day”.
Chairman: xxxxx
[FONT='Arial','sans-serif'][/FONT] Star Airways xxxxxxxxxx
Ticketing:
Our aim is a simple Airfare scheme, such as charging one-way tickets half that of round-trips and giving rewards on early reservations. We give emphasis on the direct sales of tickets, especially over the Internet & by telephone to our local offices.
As Star Airways is a budgeted airliner, we frequently offer flights at low prices – often flights are advertised as free (plus applicable taxes, fees and charges) Perhaps we offer as many (or as few) as ten percent of the seats on any flight are offered at the lowest price, and are the first to sell. Our prices steadily rise thereafter to a point but they will still be cheaper than a flight on a full-service carrier.
How we make this difference:
To provide Low Fares and Better service to our passengers, Star Airways try its utmost to fly less congested secondary airports and flying early in the morning or late in the evening to avoid air traffic delays, taking advantage of lower landing fees, fast turn-around times, simplified routes, emphasizing point-to-point transit instead of transfers at hubs, generation of ancillary revenue from a variety of other activities.
Thank you all for your posts i really really appreciate it
Yes About London and NYC with 737-300 a manager told me the they will not start flying to these destinations untill they provide better planes....thats why im not suspecting it.....
all i need to know is how i check their credibility?????? anyone?
With the population of Pakistan and expats in the ME, the concept should work, but the problem with putting up money is what control are you getting, are they offering you a board position or an place holder position?
Thanks for your interest. We have completed most of the areas like CAA Licence & Routes, Ground Handling Machinery etc. We have a short fall of working capital approx xx-xx US$, for which we can offer you similar profit sharing ratio. If you are interested to join us please do tell us about your goodself and about your finance situation.
Star Airways I would like to keep the phone numbers and address for me ( :
"Star Airways is a profitable, growing low-fare, short-haul airline that employs nearly 250 people and reaching 8 cities, primarily in Pakistan and Middle East. "
but ....
"We have completed most of the areas like CAA Licence & Routes, Ground Handling Machinery etc."
Even if it is NOT a scam....why would ANYONE start a new airline in todays economic climate? Loads and yield are down everywhere and there is red ink all over the books!
Actually, now is probably a very good time to be planning an airline launch with the intent of negotiating arrangements (there are some superb deals on aircraft our there at the moment, staff are easy to recruit and the airports are paying attention to say the least) with a mind to launch just as the market recovers (as it surely will), however this premise assumes that you are well funded to meet proper set-up costs and maintain them awaiting the revenue generation stage and that you have the industry/management skills/experience to do so.
However, it appears likely that this operation (assuming it is real) may not possess the requisit skill set.
Last edited by Senior Paper Monitor; 23rd May 2009 at 18:07.
Don't get sucked in by a wafty mission statement, it's easy to barf a dictionary onto paper and promise the sun, moon and stars. Ask to see a business plan and ask to see who wrote it. Many airline business plans get written by people who claim to know alot about businesses but turn out to know nothing about airlines and an 'out of the box' business plan does not work when setting up an airline, there are tonnes of them available online for a small fee and many are free. Are there any reputable consultants involved? There should be a very detailed and realistic analysis of the set up costs and the fixed and variable running costs thereafter. You'll be alarmed to see how you start with a big wad of cash and it rapidly diminishes before even one bum is on a seat.
Senior exec salaries should be realistic as these can fleece the kitty before the company even gets going, find out who they are too and check their credentials and the current status of airlines they claim to have worked for. If the CEO is a first timer in the airline biz then be afraid, if he has a track record of wrecked companies behind him, even one, then be very afraid. There are plenty of pretenders out there and with a weekend course in business admin most are happy to throw their bullsh1t CV and fake qualifications into the ring, especially in that part of the world. Cronyism is problem and often too many of the wrong type of people get hired due to personal connections. Your wad gets smaller.
Pilots, there are a lot out there and with some of the South Asian carriers contracting it shouldn't be too hard to find some in the region but training them will be expensive. India might be a good hunting ground but basing Indian crews in Pak is not a smart move to make due to diplo nonsense. Cabin crew, well, never hard to rummage up or train from scratch. Crews and the rostering of them is important and can waste alot of money if done by the wrong people. Your wad gets smaller still.
Questionable aircraft choice too, 737-300's are crap these days due age although some attractive lease rates out there as no one wants them. You'll spend alot of money maintaining them, lousey range too. Your wad gets even smaller.
Ask about the maintenance, unlikely they will kick off day 1 doing it themselves due costs involved so that means finding a maintenance provider. Find out who is going to maintain the aircraft and where it is to be carried out. MRO's cost money and a really good one may be too busy to handle your junk unless their portfolio of clients has shrunk. Either way, they're unlikely to trust a new entrant with a long line of credit so some hefty deposits will be required. Your wad is almost gone.
Operating to US / UK is not as simple as proclaiming it either, alot of regulatory issues to be sorted out, bilaterals etc. It sounds nice but not easy to pull off, most likely a marketing ploy. Some smart people who know the game are essential here, they don't come cheap. Borrow more wad from the bank.
If you don't know anything about airlines then you'd certainly wanna do your homework before you invest in one. No matter what they tell you, don't expect a return on your investment for at least several years. What Wad?
I work in the industry and if given a choice between investing my wad in an airline or a brothel in Kabul, I have to say I'd go with the Burkha babes!
Just do your homework,
Hustle On
Last edited by ShinjukuHustler; 23rd May 2009 at 14:14.
Reason: Type
I know the guy personally we use to wok together this guy had started some sort of outfit earlier also and failed what i believe is he still ows lot of money from that setup may be i am wrong but check the bungee before you dive off the cliff.
Goodluck and best wishes to your investor friend. If he's got enough pocket money, I can give you my address. He can invest on my housing and a sports car. Thank you.
http://en.wikipedia.org/wiki/Star_Air_Aviation
