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New Startup Airline Seeks Funds By Crowd Sourcing

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New Startup Airline Seeks Funds By Crowd Sourcing

Old 17th May 2021, 19:28
  #21 (permalink)  
 
Join Date: Apr 2006
Location: uk
Posts: 907
Originally Posted by andrasz View Post
So let me get this right... The business model involved giving 75% of the target market free seats ? No wonder the investors did not buy it...
Most of them would buy at least 10 return trips per year, more if you include family travel, and the offer was for only 2 per year. It was seen at the time as making it an attractive investment. It's the equivalent of share-holders perks in other companies, some of which are extremely valuable. Don't forget that seats that would otherwise be empty have no value, so you're not giving much away. It's the fundamental basis of inter-airline staff travel, freebies for travel agents, and so on..
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Old 17th May 2021, 20:34
  #22 (permalink)  
 
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,204
Anyone remember AAA?

Only then it was just the Mums and Dads who lost their Super and Family homes to help their kids get a quick start in the game.

What was the name of the bloke who started that?
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Old 17th May 2021, 22:01
  #23 (permalink)  
 
Join Date: Jun 2001
Location: sierra village
Posts: 391
Originally Posted by smiling monkey View Post
What's the name of the airline that Hudson Fysh started? :-)
And who is the chap at the tiller these days? Some Irish mathematician if memory serves.

That era is long gone. (Over)Regulation has killed off any such dreams. That $2.9 million they’re looking for won’t even cover compliance costs.
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Old 17th May 2021, 23:21
  #24 (permalink)  
 
Join Date: Oct 2006
Location: 1313 Mockingbird Lane
Posts: 337
....I also have a bridge in Brooklyn Iíd like to sell you.
Brad.
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Old 18th May 2021, 00:12
  #25 (permalink)  
 
Join Date: Jul 2007
Location: Australia
Age: 55
Posts: 2,042
Didn’t realise April Fools day had been moved to May.

Krusty34 did you get an interview with AAA?
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Old 18th May 2021, 02:36
  #26 (permalink)  
 
Join Date: Oct 2005
Location: Australia
Posts: 942
Brad Coombe is the same guy that thought up the Fast Track Pilot Training scheme.
There were some pretty upset people who didn't get what they were promised, the guaranteed airline job in six months etc. They had had to pay up front, of course.

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Old 18th May 2021, 02:44
  #27 (permalink)  
short flights long nights
 
Join Date: Aug 1999
Posts: 3,445
Brad was just on radio in Perth. Itís embarrassing.
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Old 18th May 2021, 03:08
  #28 (permalink)  
 
Join Date: Jul 2010
Location: Asia
Posts: 1,285
I remember AAA as well, IIRC if you wanted to work for them you had to buy the job and the cheapest F/O positions required you to work as cabin crew if needed. This is going back about 25 years so not memory may be a bit sketchy.
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Old 18th May 2021, 04:03
  #29 (permalink)  
 
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,204
Originally Posted by Stationair8 View Post
Didnít realise April Fools day had been moved to May.

Krusty34 did you get an interview with AAA?
Nah mate.

Even I could see it was going to end in tears. Fortunately I had a few runs on the board back then.
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Old 18th May 2021, 04:24
  #30 (permalink)  
 
Join Date: Oct 2005
Location: Australia
Posts: 942
Originally Posted by SOPS View Post
Brad was just on radio in Perth. Itís embarrassing.
Yes I heard that! So wanted to call and tell what I know about that guy
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Old 18th May 2021, 04:32
  #31 (permalink)  
 
Join Date: Oct 2005
Location: Australia
Posts: 942
Buried in the Ts and Cs

67. Contributions to brad are non-refundable

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Old 18th May 2021, 04:53
  #32 (permalink)  
short flights long nights
 
Join Date: Aug 1999
Posts: 3,445
Originally Posted by Clare Prop View Post
Buried in the Ts and Cs

67. Contributions to brad are non-refundable
Why am I not surprised ????
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Old 18th May 2021, 04:56
  #33 (permalink)  
 
Join Date: Oct 2009
Location: Australia the Awesome
Posts: 338
Originally Posted by Clare Prop View Post
Yes I heard that! So wanted to call and tell what I know about that guy
Come on Clare, tell us what you know please? Is it good or bad?
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Old 18th May 2021, 09:27
  #34 (permalink)  
 
Join Date: May 2018
Location: UK
Posts: 112
Originally Posted by PoppaJo View Post
Let me rephrase. 99.9% of Pilots cannot run airlines.
There are plenty I fly with who think they could.
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Old 18th May 2021, 10:01
  #35 (permalink)  
 
Join Date: Feb 2005
Location: on earth
Posts: 258
Reminds me of this, attempt number two as the first try landed him behind bars:

https://www.seattletimes.com/busines...fares-on-747s/

https://avatarairlines.com/our-flight-deck/

Give me a cool $150000 to play with and earn $350k+ annually, and best of all, you can trust me as I almost made it into the US senate. We all know that politicians are the most trustworthy people out there. But, there’s a catch. Only those who have 10000+ hrs need apply, and, you’d better qualify as a credited investor...

You just can’t make this up, the aviation industry is in such a sad state.

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Old 18th May 2021, 10:07
  #36 (permalink)  
short flights long nights
 
Join Date: Aug 1999
Posts: 3,445
Brad is a clever man. He has $4200 on his go fund me page. When he fails to meet his target.. straight into his pocket. If he manages to get $50000, he can buy a new car!!
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Old 18th May 2021, 10:20
  #37 (permalink)  
 
Join Date: May 2002
Location: In a box
Posts: 297
Originally Posted by SOPS View Post
Brad is a clever man. He has $4200 on his go fund me page. When he fails to meet his target.. straight into his pocket. If he manages to get $50000, he can buy a new car!!
He might need it to defend himself, given what I read somewhere else. JT is supposedly quite upset about being added to the list of the Team, which has now since been removed.
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Old 18th May 2021, 10:26
  #38 (permalink)  
short flights long nights
 
Join Date: Aug 1999
Posts: 3,445
Originally Posted by Servo View Post
He might need it to defend himself, given what I read somewhere else. JT is supposedly quite upset about being added to the list of the Team, which has now since been removed.
You mean he is making this up ?? 😆😆
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Old 18th May 2021, 12:35
  #39 (permalink)  
swh

Eidolon
 
Join Date: May 2001
Location: Some hole
Posts: 2,062
A male name is bound to offend some parts of Australian society who go out of their way to be overly politically correct.

im amazed that the name Virgin is still used.
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Old 18th May 2021, 13:08
  #40 (permalink)  
 
Join Date: May 2016
Location: Sunshine Coast
Posts: 571
Originally Posted by Clare Prop View Post
Buried in the Ts and Cs

67. Contributions to brad are non-refundable
To be fair, right up front at paragraph 2 of the Ts & Cs there's,

2. You agree that all contributions You make to brad are non refundable.
So, hardly buried.
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