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.....

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!

It is the 1st of April

Pionair E190-E2 outside of/instead of the Air Kiribati work?

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! :}

FIFO
 

First In First Out

If it sounds too good...it is!

Investors will have nothing to show except tears and heartbreak...

Its only a scam if your NOT part of it😎

I prefer FILO. ;)

Try Lion Air or Air Asia

Skyairworld rises from the ashes...

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.

Speaking of new operators out of Brisbane...what ever happened with Compass Jet?

and pigs might fly as well:ugh:

Perhaps it is an enterprise involving Michael James, Paul Bredereck and Teejay Jenson?

Well that rules out anyone from Jetgo being involved!

According to the Financial Review, it could even be Ryanair! :ok:

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.