Odyssey Airlines
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Odyssey Airlines
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Odyssey Eyeing Transcon
Here's what Odyssey is saying at Le Bourget -- hinting at long-haul and beyond London City with C Series...
Odyssey Looks Beyond London City With CSeries
Odyssey Looks Beyond London City With CSeries
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What is the timing? Is Privatair involved?
Any mention on proposed start-up timing? 2014 or 2015?
Also, wasn't Privatair at one point associated with Odyssey (I.e., provide the pilots and initial operating certificate)? I thought Privatair had its own CS100 orders as well.
Also, wasn't Privatair at one point associated with Odyssey (I.e., provide the pilots and initial operating certificate)? I thought Privatair had its own CS100 orders as well.
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Odyssey hits £1mill mark on Crowdcube - Odyssey Airlines
Can anyone tell me how they expect to fly the CS100 LCY to New York (I'm assuming JFK) with an aircraft range of 2950 nm? Great Circle distance is 3017 nm. Are the CS100s going to be customised? Bigger fuel tanks?
28 August 2014
London, 28 August 2014 - Odyssey Airlines, the new UK-based business-only carrier, has successfully raised its minimum target of £1million via crowd funding on the UK-based platform Crowdcube.
As of today, Odyssey’s Crowdcube investor pitch has raised £1,049,230, or 104% of its target on the site. The company’s pitch can be viewed at:
Odyssey raising £1,000,000 investment, EIS tax relief : Crowdcube
Odyssey has already raised over £5M in seed capital, including having engaged Freedman & Partners to raise £2.185 million via the ThinCats platform in 2013, and the company will be targeting a raise of £60M via a round of traditional institutional fund raising in the first half of 2015.
Adam Scott, CEO of Odyssey Airlines, said:
“We are delighted to have raised our primary target amount on Crowdcube. Beyond raising seed capital, the key objectives of our crowd funding campaigns have been to raise the profile of Odyssey, develop a captive audience of long-term supporters and future customers, and to provide an opportunity for individuals to directly participate in the launch of an airline who would have otherwise been unable to do so in the past. We have achieved all of these objectives.
Odyssey is a truly innovative and modern business in all aspects, including its funding strategy. Achieving this important milestone is further evidence of that and investor confidence in our proposition. We would like to thank those who have invested in Odyssey so far; it’s an exciting time to be a part of the company.”
London, 28 August 2014 - Odyssey Airlines, the new UK-based business-only carrier, has successfully raised its minimum target of £1million via crowd funding on the UK-based platform Crowdcube.
As of today, Odyssey’s Crowdcube investor pitch has raised £1,049,230, or 104% of its target on the site. The company’s pitch can be viewed at:
Odyssey raising £1,000,000 investment, EIS tax relief : Crowdcube
Odyssey has already raised over £5M in seed capital, including having engaged Freedman & Partners to raise £2.185 million via the ThinCats platform in 2013, and the company will be targeting a raise of £60M via a round of traditional institutional fund raising in the first half of 2015.
Adam Scott, CEO of Odyssey Airlines, said:
“We are delighted to have raised our primary target amount on Crowdcube. Beyond raising seed capital, the key objectives of our crowd funding campaigns have been to raise the profile of Odyssey, develop a captive audience of long-term supporters and future customers, and to provide an opportunity for individuals to directly participate in the launch of an airline who would have otherwise been unable to do so in the past. We have achieved all of these objectives.
Odyssey is a truly innovative and modern business in all aspects, including its funding strategy. Achieving this important milestone is further evidence of that and investor confidence in our proposition. We would like to thank those who have invested in Odyssey so far; it’s an exciting time to be a part of the company.”
Last edited by Superpilot; 10th Sep 2014 at 08:15.
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It's a fair point...this business plan seems to depend entirely on the CS100 being able to fly LCY-JFK non stop, using performance capability that has not yet been demonstrated and an ETOPS capability that it doesn't yet have. (A comment made as the CS100 returns to the air after a test programme grounding with engine issues, one of the fundamental elements of ETOPS!)
What's the Plan B...or indeed how do you come up a plan B as far as the niche this business is aiming to serve if faced with that issue, which has to be likely enough to warrant consideration?
What's the Plan B...or indeed how do you come up a plan B as far as the niche this business is aiming to serve if faced with that issue, which has to be likely enough to warrant consideration?
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The business plan is here. It's interesting reading. I note in the "Risks" section:
I don't think there's a Plan B in terms of an alternative aircraft or a one-stop service - this is predicated entirely on non-stop service.
Following on from Flightrider's comment, someone more knowledgeable than me can correct me, but my recollection is that ETOPS certification is based on demonstrating historically low levels of in-flight shutdowns - so will Bombardier have enough in-service hours to achieve ETOPS certification before Odyssey takes delivery?
OPERATIONAL RISK: Bombardier fail to deliver on
promises
Purchase Agreement: Odysseys’ contract with
Bombardier clearly stipulates stringent performance and
delivery guarantees.
promises
Purchase Agreement: Odysseys’ contract with
Bombardier clearly stipulates stringent performance and
delivery guarantees.
Following on from Flightrider's comment, someone more knowledgeable than me can correct me, but my recollection is that ETOPS certification is based on demonstrating historically low levels of in-flight shutdowns - so will Bombardier have enough in-service hours to achieve ETOPS certification before Odyssey takes delivery?
