New Italian Airline - EGO Airways
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New Italian Airline - EGO Airways
EGO Airways, based Milan Malpensa, is a new charter carrier.
https://www.airliners.net/photo/EGO-...-100LR/6101523
The schedule of the routes in still unknown
egoairways
https://www.airliners.net/photo/EGO-...-100LR/6101523
The schedule of the routes in still unknown
egoairways
Why is anyone contemplating setting up a new carrier at the moment, and why would the banks even consider an application for funding for more than a micro-second? Is this yet another amateur pipe-dream?
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Good name for the airline industry.
short flights long nights
I want some of what ever they are taking 😂
Where are the investors coming from? It would be a good start to understand the project... so, look for their language or...dialect.
By the way, there is another initiative in the "Land where the lemons blossom"..."italian airways", supposed to operate Embraer initially, together with B777 for north/south american destinations later... at the helm there is the "Comandante", very famous locally for past successful challenges... but the employees had different views... any further information?
By the way, there is another initiative in the "Land where the lemons blossom"..."italian airways", supposed to operate Embraer initially, together with B777 for north/south american destinations later... at the helm there is the "Comandante", very famous locally for past successful challenges... but the employees had different views... any further information?
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They do say the best time to start a business is during a recession - all existing companies are struggling and cutting back, which leaves opportunities for new entrants with cheaper cost bases. Given the number of aircraft being parked at the moment and employees being let go, its a buyers market.
But this is worse than a recession...it's a crash, never experienced before, worse than Gulf wars and 9/11 times, just not to go too far back...apart from that, but due to that too, where are the customers with all these Covid restrictions? and with the outlook on the virus which doesn't look very promising for its disappearance? I just wonder and have no solution at the moment...
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It's not a crash / downturn / new normal for a business started now. They don't have a lot of parked planes they have to pay for or staff costs for people that have nothing to do, or now massively oversized other fixed costs for an airline 4 times what they are flying. Their start out cost base will be where other airlines are trying to get to through negotiating pay and lease reductions. And what for established airlines will just be a (partial) future return to normal will for them be a giant upswing. Add in a bit of what others can't do because it isn't like it used to be and you could be on to a winner.
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For the reasons given by nighthawk117 and vikingivesterled, expect to see a fair number of new carriers in the coming year or so. Of course most of them will disappear within a year or two but some may just get a foot in the door.
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It's genuinely a good time to start something up, providing they hadn't already made commitments. I know of one existing European carrier that's taking on two A330's at the moment and the leasing companies have offered them 2-3 years no lease payments at the start of the lease because it's better to place them and put the maintenance requirements on the operator.
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Where others are large and slow you will be small and flexible. As some pairings close others opens up. People are just booking short time out anyway so you don't have to publish a 6 month schedule. Many airlines take a week or 2 to react to government advisory changes. You should have it ready for booking by tomorrow. And most customer charter rules are temporarily suspended or not enforced so a 2 or even 1 week cancelling policy should be envoked. Cancel, refiund and move your resources to a different rote. As a new airline you are not lumbered with bookings done months ago that you want to fly to avoid refunding because you have spent the cash from them on paying for unused planes and other fixed costs.
I can't see clearly into the future as you do, maybe I have wrong glasses, but I stick to the "Dubium sapientiae initium" from René Descartes...we'll see in a year from now.
Fauci speaks for the USA, where thanks to some incompetent management a 2nd wave has been underway for some weeks now. However I would agree that attempting to start any sort of new operation in these unpredictable times would be foolhardy in the extreme.
I just heard him yesterday talking specifically of Europe, just reconfirming what the "most reliable" scientists (that is, those not blinded by political propaganda) have been saying for the last couple of months...actually, in few countries there is, unfortunately, an increase of daily cases... that is quite understandable as, I also noticed, a very "relaxed" attitude on this problem by many people...