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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 15th Jul 2021, 00:04
  #101 (permalink)  
 
Join Date: Jan 1999
Location: Brisbane
Posts: 580
I might be being a little pessimistic, but suspect he is going to come up a little short. The 3k would not fund a decent wake for the concept let along the operation.
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Old 15th Jul 2021, 09:41
  #102 (permalink)  
 
Join Date: Jan 2009
Location: Cab of a Freight Train
Age: 38
Posts: 726
Yubbedah yubbedah, That's all, folks!

$3,821.42
raised in 8 weeks. That should pay for one pilot to fly a 172 on award wages for a bit over a month. Of course, he'll have to find someone to gift them the plane, and the hours, because that won't cover the operating expense. If he needs to hire the plane, then he's got enough to cover a 172 + pilot for whole two days!


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Old 15th Jul 2021, 10:08
  #103 (permalink)  
short flights long nights
 
Join Date: Aug 1999
Posts: 3,375
He fell a little short!!
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Old 16th Jul 2021, 01:44
  #104 (permalink)  
 
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
Posts: 4,370

The site now...
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Old 16th Jul 2021, 20:29
  #105 (permalink)  
 
Join Date: Jun 2001
Location: sierra village
Posts: 381
Wonder how those victims who said “shut up and take my money” feel?
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Old 16th Jul 2021, 22:56
  #106 (permalink)  
 
Join Date: Aug 2006
Location: Land of Oz
Posts: 193
Lucille

I hazard a guess that the money raised was actually put there’re by Brad himself in order to try and encourage people to get on board. I don’t think anyone really actually donated. No one could be that stupid……………
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Old 17th Jul 2021, 02:39
  #107 (permalink)  
short flights long nights
 
Join Date: Aug 1999
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Originally Posted by No Idea Either View Post
Lucille

I hazard a guess that the money raised was actually put there’re by Brad himself in order to try and encourage people to get on board. I don’t think anyone really actually donated. No one could be that stupid……………
Brad was. Thinking people would fund him in the first place.
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Old 17th Jul 2021, 03:33
  #108 (permalink)  
 
Join Date: Dec 2000
Location: Downunder
Posts: 402
Originally Posted by lucille View Post
Wonder how those victims who said “shut up and take my money” feel?
I wouldn't worry too much about them. Given the strange figure raised (as shown above) of $3821.42 from 27 donors, and, if I recall correctly, the minimum online donation of $200 for the Golden Ticket, the maximum number of website contributors could be no more than 19, with possibly 8 more (the co-Directors, maybe?) coughing up the balance of $21.42 direct to Brad off-line in hard cash.

In any case, surely we as aviators should applaud those score or so of brave pioneers wiling to risk their wealth and lives to dreams of shooting off into the upper atmosphere in a few millimetre thick tube of Toulouse aluminium, in the finest traditions of Branson & Bezos. And speaking of billionaire entrepreneurs, the choice of choc baron Willy Wonka's marketing terminology was a stroke of genius in this inspiring, but alas seemingly failed, venture. To quote from said musical:

"I never dreamed that I would climb
Over the moon in ecstasy
But nevertheless it's there that I'm
Shortly about to be
'Cause I got a golden ticket"

Last edited by Max Tow; 17th Jul 2021 at 06:01.
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Old 17th Jul 2021, 07:47
  #109 (permalink)  
 
Join Date: May 2016
Location: Sunshine Coast
Posts: 484
Much like the dodo, extinct and flightless.
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Old 17th Jul 2021, 08:04
  #110 (permalink)  
 
Join Date: Sep 2019
Location: HKG
Posts: 363
I guess when John Sharp from Rex told the world there has never been a better time than COVID to launch a domestic airline and Brad seized the opportunity.

Last edited by Green.Dot; 17th Jul 2021 at 09:03.
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Old 19th Jul 2021, 11:31
  #111 (permalink)  
 
Join Date: May 2016
Location: Sunshine Coast
Posts: 484
Just down for maintenance

From The Oz -

Brad Coombe goes quiet on new crowd-funded airline after limited support


By ROBYN IRONSIDE
AVIATION WRITER
JULY 19, 2021

Plans to launch a new crowd-funded airline called “brad” appear to have gone by the wayside, with Perth-based creator Brad Coombe going quiet in the wake of the failed attempt.

After falling drastically short of the $2.9m target with just under $4000 pledged, the crowd-funding page was pulled and Mr Coombe’s mobile phone switched off.

The former airline pilot had hoped to take advantage of low prices for aircraft leases and a surplus of skilled aviation workers to get a new “people-friendly” carrier off the ground.

On Monday Mr Coombe would only say via email that the crowd-funding page had been taken down “for maintenance” and would be up again soon.

He previously described his commitment to setting up a new airline as “very serious” despite scepticism within the airline industry about the approach and timing.

Adding to the doubt was Mr Coombe’s promotion of several aviation industry identities as “key advisers” to his project.

Former Virgin Australia group executive John Thomas and Solomon Airlines CEO Brett Gebers both said their names had been used without consultation.

As ambitious as it might seem to launch a new airline in a pandemic, several overseas carriers have managed to get off the ground this year, including Avelo in the US, Play in Iceland and FLYR in Norway.

Funded by multiple investors ranging from friends and family to large private equity firms, the airlines have low-cost models with only a couple of aircraft.

Speaking at the CAPA Centre for Aviation forum, Avelo founder Andrew Levy said there had been a “nice build of traffic in the US” as demand for domestic air travel soared.

“I think that one of the things that is really important for any airline is to try to do something that is different and serve markets on routes that are simply being unserved,” said Mr Levy.

“Our real focus is to make sure we’re doing something that’s unique and different, trying to serve airport pairs that are unserved today.”

Play CEO Birgir Jonsson expressed a similar sentiment, saying the “leisure low-cost airline was trying to dance around the big boys in the market”.

“Our brand is supposed to be relaxed, comfortable. We don’t have high heels (for the female cabin crew), we have white trainers and people can pick and choose what kind of clothes they want to wear,” Mr Jonsson said.

“We don’t have very strict grooming standards.”

He said two public funding rounds had raised $90m, with almost 4000 individuals investing along with pension funds, private equity funds and other institutional investors.

“In fact we had an eightfold oversubscription of our share offering,” said Mr Jonsson.

Tonje Wikstrom Frislid, chief executive of Norway’s FLYR, said the airline was built in nine months to service domestic routes using two Boeing 737s.

“We start small; our strategy is to grow slowly,” said Ms Frislid.

“We have seen a lot of examples of new start-ups that are very eager to grow and spread their wings and unfortunately haven’t been that successful.”

While “brad” might not be taking off, Regional Express made the leap into Australia’s capital city market this year after securing $150m from PAG Asia Capital.

Although state border closures and lockdowns have played havoc with flight schedules, Rex was expecting to expand its Boeing 737 fleet for six to 10 by the end of the year.

Deputy chairman John Sharp said more routes would be added as they took delivery of more jets.
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