Blink update
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Proceding outbound - People have tried with the website / smartphone app. The problem there is that (apart from Blink) the operators don't want it, and the brokers don't want it. Without the support of one, if not both, it won't work. Privatefly are giving it a bloody good go, and whilst their business is greatly appreciated, the level of enquiries is still really quite low, and the fix rates lower.
Guys, we work in a highly skilled Industry - I wouldn't try and run a company in an industry that I had no experience in, we are not in the asset management business, we are in the compliance / customer service / asset management and logistics business - and you can't learn that lot at harvard!
Guys, we work in a highly skilled Industry - I wouldn't try and run a company in an industry that I had no experience in, we are not in the asset management business, we are in the compliance / customer service / asset management and logistics business - and you can't learn that lot at harvard!
We live in changing times, whatever cliche You want to use "diversify or die" or any other suitable saying really applies here
This Market is due a shakeup aided by technology, that technology hasn't been dreamt up yet but when it does, the brokers some would say unfortunately will end up by the side of the road...in the current arrangement of client/broker/operator two can live without the other one and one in essence is surplus.
Your example above quoting compliance logistics and customer service has direct parallels with advertising, 12 years ago nobody had heard of google now they siphon 22 Billion dollars of revenue from that Market their way.
In 20 years maybe less corporate diaries will be in the ether, maybe they'll integrate with a forward thinking air taxi company, with a window for departure allowing plane share with others maybe it WILL be like jumping on a bus with the aircraft through some clever algorithm being in the right place at the right time
Technology will dictate the Market, anybody with google analytics knows the information available, add in 10 years of development and technology and the Market will change beyond recognition, and guess what....they ARE teaching this at Harvard right now
Your years of experience which count for much now, may not help you adapt going forward.
Compare a mobile from 1991 to an Iphone4 and tell me you'll be operating in the same way in 5-10 years
Join Date: Mar 2004
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Hmm, G-SPOT, I really dunno wether your right or not, but an airplane flies from A to B in a certain mount of time. Given the distance and the current ATC system, it does not matter (really) if you fly a CX or a 'tang in middle Europe...so the 'thing' sold stays about the same. If no one invents 'beaming', it will stay the same for quite a while methinks...
On a 1990 Motorola "Bone" one could talk and probably store 10 numbers, but that was it.
Today I can steer a quadcopter model with the iPhone, as a side effect one can use the iPhone to talk to other persons, but when I look at my youthful cocaptain, I wonder wether if he could live without his iPhone....gps car navigation, browser, skypefon, gamepad, schedule viewer etcetctec.
That is something completely different than a telephone.
Operating will change (acass, one sky etc), but flying and selling these flights will essentially stay the same. Maybe I´m wrong, time will tell.
On a 1990 Motorola "Bone" one could talk and probably store 10 numbers, but that was it.
Today I can steer a quadcopter model with the iPhone, as a side effect one can use the iPhone to talk to other persons, but when I look at my youthful cocaptain, I wonder wether if he could live without his iPhone....gps car navigation, browser, skypefon, gamepad, schedule viewer etcetctec.
That is something completely different than a telephone.
Operating will change (acass, one sky etc), but flying and selling these flights will essentially stay the same. Maybe I´m wrong, time will tell.
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G-SPOTS
"that technology hasn't been dreamt up yet "
And you think that we will reject it when it comes? 22 years ago we used appropriate methods (not Google) now we all use Google - and email, and Linkedin and Avinode, and Privatefly etc etc etc.
You think we all sit here with a Globe and a piece of string?
If the brokers are real or virtual we will do our job of arriving on time, departing on time with robust scheduling, good crews, etc etc.
Technology may well come around that makes us more efficient from an aircraft positioning perspective and a market penetration perspective - but that's just 25% of the job - you still have to operate the damn things.
Phil
"that technology hasn't been dreamt up yet "
And you think that we will reject it when it comes? 22 years ago we used appropriate methods (not Google) now we all use Google - and email, and Linkedin and Avinode, and Privatefly etc etc etc.
You think we all sit here with a Globe and a piece of string?
If the brokers are real or virtual we will do our job of arriving on time, departing on time with robust scheduling, good crews, etc etc.
Technology may well come around that makes us more efficient from an aircraft positioning perspective and a market penetration perspective - but that's just 25% of the job - you still have to operate the damn things.
Phil
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getting in the revenue
Hi PB
I totally see what you're saying and agree with the analysis in some respects, but if the company have overhead for 5 or 6 planes and can only crew 3 taking into account sickness and holiday and pilot fatigue and current workforce numbers etc then when they get offered that job from the brokers, then they have to turn it down and hence lose revenue which would have gone towards paying for the electricity bill etc.
So essentially what I'm saying is they've done as our Prime Minister and cut too deep and too soon.
If they off loaded their fleet and only had 3 aircraft and moved to a porta cabin then yes it would make sense but they still have 5 6 or 7 aircraft without the actual ability to fly them.
I totally see what you're saying and agree with the analysis in some respects, but if the company have overhead for 5 or 6 planes and can only crew 3 taking into account sickness and holiday and pilot fatigue and current workforce numbers etc then when they get offered that job from the brokers, then they have to turn it down and hence lose revenue which would have gone towards paying for the electricity bill etc.
So essentially what I'm saying is they've done as our Prime Minister and cut too deep and too soon.
If they off loaded their fleet and only had 3 aircraft and moved to a porta cabin then yes it would make sense but they still have 5 6 or 7 aircraft without the actual ability to fly them.
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G-SPOT - some good examples there, but they all relate to the masses, ie mobile phones, google etc...In our industry you can look at the impact of the lo co as a prime example of how the agent / broker has been excluded....doesn't mean the death of the travel agent. In the same way that Estate Agents still exsist and probably still handle 90% of house sales in the UK despite the internet revolution. (and that everyone hates them!)
Our sector of the industry is specialist. It requires a multi facated approach involving many factors that Joe Public or even Joe's bosses don't even know exsist or understand. Its not a standard product like selling seats on a lo co, a mobile phone etc....
The IT revolution has aided both brokers and operators to maximise their potential and has made the bizjet market fluid, more efficient commercially and affordable.
By your rationale, the punters will be cutting out the operators in 20 years time and going straight to Cessna to hire a CJ. I don't think Ebay will be entering the charter market just yet!
Our sector of the industry is specialist. It requires a multi facated approach involving many factors that Joe Public or even Joe's bosses don't even know exsist or understand. Its not a standard product like selling seats on a lo co, a mobile phone etc....
The IT revolution has aided both brokers and operators to maximise their potential and has made the bizjet market fluid, more efficient commercially and affordable.
By your rationale, the punters will be cutting out the operators in 20 years time and going straight to Cessna to hire a CJ. I don't think Ebay will be entering the charter market just yet!
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You think we all sit here with a Globe and a piece of string?
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Or that Thomas Moutrie is an anagram The Timorous Man or something with Tit in it.
And Phil Brockwell is Bowl Prick Hell
And Phil Brockwell is Bowl Prick Hell
Last edited by Phil Brockwell; 28th Apr 2011 at 11:23.
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we are in the compliance / customer service / asset management and logistics business - and you can't learn that lot at harvard!
Well then there's a lot of people wasting a lot of money studying at what we all thought was [one of] the best business school[s] in the world.They should be at the Brockwell School of Business running some biz jets instead.
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Those that can, do
Those that can't, teach
I strongly suspect that Day one, Lesson one at Harvard is "dont bother trying to make money with little planes because its really really tough"
Those that can't, teach
I strongly suspect that Day one, Lesson one at Harvard is "dont bother trying to make money with little planes because its really really tough"
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Spudflaps -
I'm not rubbishing the school, just pointing out that an MBA from Harvard and a school project for Wallmart does not give you the necessary to run an operation with no experience (IMHO of course).
Look, I'm not telling anyone how to run their business, just giving my observations. And to be honnest no-one is doing a particularly good job at proving me wrong on this one.
Have a good long weekend everyone - let's all go home and worry about things far more important.
PB
I'm not rubbishing the school, just pointing out that an MBA from Harvard and a school project for Wallmart does not give you the necessary to run an operation with no experience (IMHO of course).
Look, I'm not telling anyone how to run their business, just giving my observations. And to be honnest no-one is doing a particularly good job at proving me wrong on this one.
Have a good long weekend everyone - let's all go home and worry about things far more important.
PB
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What about Globeair? They have at least 7 Mustangs with another 3 or 4 coming on-line soon if not already on-line. They seem to be making a go of the air-taxi business model.
Over to you Phil.
Go home! Stuck in a hotel again
.
Over to you Phil.
Go home! Stuck in a hotel again
.
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Globeair,
Have no idea what their prices, utilisation or staff levels are, so couldn't possibly comment of how they are likely to be doing.
Air taxi model - which revision, the dayjet one, the originial blink 45 aircraft doing 1300 hrs a year each or the new 7 aircraft flying somewhere under 400hrs? Or are they simply using aircraft to fly on-demand from A to B?
At the end of the day we all sell flights on light jet aircraft - why is using one type of aircraft charter and another type air-taxi? Do I not run an Air-taxi company (profitably?)
Phil
Have no idea what their prices, utilisation or staff levels are, so couldn't possibly comment of how they are likely to be doing.
Air taxi model - which revision, the dayjet one, the originial blink 45 aircraft doing 1300 hrs a year each or the new 7 aircraft flying somewhere under 400hrs? Or are they simply using aircraft to fly on-demand from A to B?
At the end of the day we all sell flights on light jet aircraft - why is using one type of aircraft charter and another type air-taxi? Do I not run an Air-taxi company (profitably?)
Phil
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Moving swiftly back on track -
How Much Does It Cost | Blink Club | Blink
Seems pricey to me with the monthly management cost - how does it compare to the likes of Netjets et al
PB
How Much Does It Cost | Blink Club | Blink
Seems pricey to me with the monthly management cost - how does it compare to the likes of Netjets et al
PB
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If the hourly rate quoted is for occupied flight hour a la Net jets then it is a great deal. If it is based on a return trip basis then there is little point in anyone shelling out cash for a share because when depreciation and cost of money is put in the equation the rate appears to be highe than straight charter. The ad seems a bit vague on this point
Isn't one of the key benefits with NetJets the financial backing of Berkshire Hathaway (with a better credit rating than several EU countries) - would seem quite risky to buy an upfront package with such a small company.
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If the aircraft are financed they will have great difficulty in selling part shares. Bankers do not like this, something about registering mortgages with more than one peson having beneficial ownership. I tried to syndicate an aircraft and put it on finance with no luck, trouble is I do not have Warren Bufett's credit rating, well not quite.