New Startup Airline Seeks Funds By Crowd Sourcing
Here's an interesting way to start an a new airline in Australia.
https://www.heraldsun.com.au/busines...1c97fd32ec0b2d |
Pilots cannot run airlines.
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Originally Posted by PoppaJo
(Post 11046012)
Pilots cannot run airlines.
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whatever
mostly I agree, but we are are trying..........
GSA |
I think Wille Walsh ex boss of BA and Carsten Spohr the current boss of Lufthansa might disagree that pilots cannot run airlines. Whilst management pilot is often cited as an oxymoron along the lines of hospital food and military intelligence there are some successful ones.
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Seems like there's never been a better time to lose other people's money. Any bets on how little they raise?
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Originally Posted by PoppaJo
(Post 11046012)
Pilots cannot run airlines.
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Originally Posted by PoppaJo
(Post 11046012)
Pilots cannot run airlines.
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Let me rephrase. 99.9% of Pilots cannot run airlines.
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stupid name to choose for an airline, don't know why they would call it that....
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It has to be a wind up.. or these people are delusional .
Edit to say.. or a huge con. |
Looks like Terry Byrt has arisen again,, [both Brad and Terry use the same dentist it seems] |
From their Go Fund me page...if they don’t make their target, they will retain your funds ...
alert alert alert |
Originally Posted by Fwh
(Post 11046073)
stupid name to choose for an airline, don't know why they would call it that....
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From there Go Fund me page...if they don’t make their target, they will retain your funds ... alert alert alert You need alot more than that amount to get things moving. Plus they don't even know what aircraft type they will be operating yet. Buyer beware.. "No all contributions are fully non refundable.No all contributions are fully non refundable." Watch their consultancy fees gobble up all the funding.. |
This was done in Jersey about 15 years ago, except it wasn't call "crowd funding". A single half-page ad in the local paper invited people to call for a Prospectus, which had been approved by the financial authorities, and to buy as many £500 interest-bearing debentures as they wished in the new airline, called Islandair Jersey. Other perks were also offered, notably 2 free return seats a year to LGW.
About 350 residents did just that, investing a total of £285,000 within 2-3 weeks. They included most of the great and good, particularly financial movers and shakers. They probably accounted for 75% of the travel purchase decisions in Jersey. The proposal was to recreate Jersey Airways with t/prop equipment, and take on Flybe, Aurigny and the embryo Blue Island head to head. It needed £2m working capital, at least, to get its AOC. Possibly nearer £5m, even then. After failing to persuade the VCs and other lenders that few airline start-ups had such good backing and a ready market, the promoters returned the investments and killed the project. Arguably, they failed due to lack of knowledge or experience of the finance industry, and should, of course, have drawn on the knowledge and expertise of their investors. But it was a bold attempt. |
Originally Posted by PoppaJo
(Post 11046012)
Pilots cannot run airlines.
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Originally Posted by old,not bold
(Post 11046162)
They probably accounted for 75% of the travel purchase decisions in Jersey.
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Originally Posted by andrasz
(Post 11046308)
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...
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