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New airline to start in Brisbane

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New airline to start in Brisbane

Old 1st Apr 2020, 05:50
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New airline to start in Brisbane

https://www.seekbusiness.com.au/busi...airline/499361

Looks like another Jet operator is ready to hit the skies from Brisbane ....again.......

Summary

A partner is sought for a new jet FIFO airline is about to sign a core FIFO contract. Extremely fuel-efficient high-performance jet airliners will be employed. These late model aircraft have an eno

About the Business

A partner is sought for a new jet FIFO airline is about to sign a core FIFO contract. Extremely fuel-efficient high-performance jet airliners will be employed. These late model aircraft have an enormous economic and comfort advantage over the older slower turboprops currently used for short haul FIFO contracts. The first of the new jet airliners are already in Australia. The operation is headed by a team of Australia’s most experienced and successful aviation executives.
A massive amount of research, networking and intellectual property has gone into validating the opportunity.
The anticipated 5-year returns are impressive, to say the least. The team a project a fleet of 10 aircraft and a 5th Year NPV of almost $48 million.

PS dunno what eno means.....
FPDO is offline  
Old 1st Apr 2020, 06:25
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w h a t d a t e i s i t ?
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Old 1st Apr 2020, 06:42
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Originally Posted by missy View Post
w h a t d a t e i s i t ?
Fair enough, but the ad on Seek was dated 5 days ago.

Some business basics - they're looking for $5M investors. 10 aircraft, and a 5 year NPV projected at $48M. That's $4.8M per aircraft.

They're obviously looking at the current environment and anticipating a fire sale on old bangers. Picture in the advert shows an EMB145EP whose rego was cancelled in September 2019 after 11 years faithful service. Pampering them FIFO workers again!
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Old 1st Apr 2020, 07:11
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It is the 1st of April
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Old 1st Apr 2020, 07:28
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Pionair E190-E2 outside of/instead of the Air Kiribati work?
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Old 1st Apr 2020, 09:14
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"It is the 1st of April"
And after reading that Seekbusiness report - $5 mill for a controlling interest, $48 mill after five years - the fairies are also having a picnic at the bottom of the garden!
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Old 1st Apr 2020, 09:40
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FIFO

First In First Out
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Old 1st Apr 2020, 09:43
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If it sounds too good...it is!

Investors will have nothing to show except tears and heartbreak...
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Old 1st Apr 2020, 09:52
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Its only a scam if your NOT part of it😎
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Old 1st Apr 2020, 10:05
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First In First Out
I prefer FILO.
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Old 1st Apr 2020, 10:15
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Try Lion Air or Air Asia
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Old 1st Apr 2020, 10:37
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Skyairworld rises from the ashes...
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Old 1st Apr 2020, 12:46
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Good luck to them, however they will be up against a very experienced and Savy competitor in the FIFO game ex Brisbane......
I wouldn’t rush out and pay for an endorsement!
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Old 1st Apr 2020, 12:50
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Originally Posted by splat72 View Post
Good luck to them, however they will be up against a very experienced and Savy competitor in the FIFO game ex Brisbane......
I wouldn’t rush out and pay for an endorsement!
Better return buying into said BNE operator.
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Old 1st Apr 2020, 21:00
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Speaking of new operators out of Brisbane...what ever happened with Compass Jet?
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Old 1st Apr 2020, 21:13
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About to sign a core contract
and pigs might fly as well
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Old 1st Apr 2020, 23:59
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Perhaps it is an enterprise involving Michael James, Paul Bredereck and Teejay Jenson?
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Old 2nd Apr 2020, 00:10
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The operation is headed by a team of Australia’s most experienced and successful aviation executives.
Well that rules out anyone from Jetgo being involved!
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Old 2nd Apr 2020, 01:25
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According to the Financial Review, it could even be Ryanair!
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Old 2nd Apr 2020, 01:40
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If the team is "Australia's most experienced and successful" they would already have $5 million of their own money as loose change to finance this enterprise.
And OF COURSE mining companies commit to FIFO contracts with non existent operators.
As for Ryanair, the only way they would tip in any money would be to have 100% control and their own team of "most experienced and successful airline executives" running it.
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