Originally Posted by
Flightrider
The CAA will simply love it. A virtual airline, one of the management team who is persona non grata, and a crowdfunding campaign to fund it with assurances of huge returns on investment. What could possibly go wrong?
Unless it's through a regulated crowd funding platform, there are rules around advertising investments like this. Which from what I can see, they are not adhering to.
The CAA 'Airline Ticket Agent' rules are now pretty sound to give them free reign to quash whatever they don't like. This bit in particular had me chuckling and won't swing with the CAA or any PSP (payment service provider):
Q: If I purchase tickets from Extrajet, how certain can I be that I do not lose my money?
A: We operate under IATA so your bookings are guaranteed.