Well I say good luck to him to have the initiative to take it on. I think its good to see people being entrepreneurial in this country, too many old geezers who think they know better stopping people and in reality do nothing themselves apart from moan.
If this person starts an airline and succeeds then it will create economic benefits, if he fails then he fails because people don't support him and his market research is poor.
Eitherway he gets my vote for positive actions.