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.

Especially airlines named after themselves....

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.

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

https://www.crowdfundingbrad.com/

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

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

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

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

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

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

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..

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.

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

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..

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?

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.

....I also have a bridge in Brooklyn I’d like to sell you.
Brad.

Didn’t realise April Fools day had been moved to May.

Krusty34 did you get an interview with AAA?

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.

Brad was just on radio in Perth. It’s embarrassing.

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.

Nah mate.

Even I could see it was going to end in tears. Fortunately I had a few runs on the board back then.

Yes I heard that! So wanted to call and tell what I know about that guy

Buried in the Ts and Cs

67. Contributions to brad are non-refundable

Why am I not surprised ????

Come on Clare, tell us what you know please? Is it good or bad?

There are plenty I fly with who think they could.

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.

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.

You mean he is making this up ?? 😆😆

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.

To be fair, right up front at paragraph 2 of the Ts & Cs there's,

​So, hardly buried.

Gene Wilder once made a documentary on how a chocolate factory works. He used golden tickets.