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-   -   New Startup Airline Seeks Funds By Crowd Sourcing (https://www.pprune.org/australia-new-zealand-pacific/640475-new-startup-airline-seeks-funds-crowd-sourcing.html)

smiling monkey 17th May 2021 08:19

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

PoppaJo 17th May 2021 08:25

Pilots cannot run airlines.

dr dre 17th May 2021 08:34


Originally Posted by PoppaJo (Post 11046012)
Pilots cannot run airlines.

Especially airlines named after themselves....

Gulfstreamaviator 17th May 2021 08:34

whatever
 
mostly I agree, but we are are trying..........
GSA

lederhosen 17th May 2021 08:36

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.

Blackout 17th May 2021 08:40

'Peoples Airline" but named brad after Brad? Hope they not using crowd funding to pump vulnerable crew out of work looking to get back in. It doesn't pass the pub test !

MickG0105 17th May 2021 08:45

Seems like there's never been a better time to lose other people's money. Any bets on how little they raise?

dr dre 17th May 2021 08:51

https://www.crowdfundingbrad.com/

jadrolinija 17th May 2021 09:11


Originally Posted by PoppaJo (Post 11046012)
Pilots cannot run airlines.

Says who? I heard same statement from Wizz Air CEO... Meanwhile, some airlines leaded and started by pilots are on market for 25 years.

smiling monkey 17th May 2021 09:17


Originally Posted by PoppaJo (Post 11046012)
Pilots cannot run airlines.

What's the name of the airline that Hudson Fysh started? :-)

PoppaJo 17th May 2021 09:36

Let me rephrase. 99.9% of Pilots cannot run airlines.

Fwh 17th May 2021 10:05

stupid name to choose for an airline, don't know why they would call it that....

SOPS 17th May 2021 10:10

It has to be a wind up.. or these people are delusional .

Edit to say.. or a huge con.

TBM-Legend 17th May 2021 10:26


Originally Posted by dr dre (Post 11046033)


Looks like Terry Byrt has arisen again,,
[both Brad and Terry use the same dentist it seems]

SOPS 17th May 2021 11:07

From their Go Fund me page...if they donít make their target, they will retain your funds ...


alert alert alert

MickG0105 17th May 2021 11:21


Originally Posted by Fwh (Post 11046073)
stupid name to choose for an airline, don't know why they would call it that....

It'd make it easier to change the payee details on cheques made out to the company.

ContactMeNow 17th May 2021 11:35


From there Go Fund me page...if they donít make their target, they will retain your funds ...


alert alert alert
Surely these folk and their network of friends could cough up $2.9m of their own money if they had that much confidence in making an airline work.

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..


old,not bold 17th May 2021 12:52

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.

Moo Driver 17th May 2021 16:54


Originally Posted by PoppaJo (Post 11046012)
Pilots cannot run airlines.

Gill Air...........untill they got the Fokker

andrasz 17th May 2021 17:17


Originally Posted by old,not bold (Post 11046162)
They probably accounted for 75% of the travel purchase decisions in Jersey.

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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