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Odyssey Airlines

Any info about this new start-up out of London City?

Odyssey Airlines orders 10 CSeries aircraft

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

The idea sounds great... ARe they backed by any major?

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.

Hello.

Im also quite interested in this. Does anyone have a contact email for Mr Adam Scott ?

Thanks

Odyssey Airlines

Odyssey hits £1mill mark on Crowdcube - Odyssey Airlines

Quote:

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.”

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?

No aircraft can make LCY-JFK direct. I would expect Odyssey will make a fuel/customs stop in SNN.

Quote:

Originally Posted by dc9-32 (Post 8649383)

No aircraft can make LCY-JFK direct. I would expect Odyssey will make a fuel/customs stop in SNN.

Careful about being so definitive. The CS100 in normal configuration can't make it, but LCY-JFK non-stop in a business-class configuration was part of the design spec for the CS100 (see here) and that's the basis for the Odyssey business case.

Thanks Cyrano, that's exactly the kind of article I was looking for!

We'll see but I won't hold my breath on a direct flight.

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?

The business plan is here. It's interesting reading. I note in the "Risks" section:

Quote:

OPERATIONAL RISK: Bombardier fail to deliver on
promises
Purchase Agreement: Odysseys’ contract with
Bombardier clearly stipulates stringent performance and
delivery guarantees.

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?