Accounts filed recently show that JetBird Ltd (Ireland) made a loss of €4.27 million in 2008.The airline incurred administrative expenses of €2.3 million and “business costs” of €1.7 million relating to expenses racked up in 2006 and 2007.
It operates from offices at a business park in East Wall, Dublin. The accounts show that seven employees earned €1.12 million between them in 2008.
Having such accounts is maybe not the best way to launch a new business, especially considering VLJs low margins... how many commercial hours would be required only to cover these expenses?