OPNLguy From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 4 months 2 weeks 4 hours ago) and read 2066 times:
The good news, if you're starting an airline these days, is that there are plenty of sources of used aircraft, and personnel available to fly them.
The bad news is that venture capitalists are skitish, consumers are even more so (due to the economy and terrorism fears), which (ironically) are a big part of the reason WHY there available aircraft and personnel with which to start a new airline.
Personally, I wish them the best of luck, and I think they're going to need lots of it given the economy and political situation, not to mention recycling another "dead" airline name...
MxCtrlr From United States of America, joined Nov 2001, 2485 posts, RR: 33
Reply 8, posted (12 years 4 months 2 weeks 1 hour ago) and read 1946 times:
They got their money through a bond issue from S. Illinois. Not to bad considering the plan to fly the most unprofitable routes out of the STL region.
That is probably exactly the reason they got the bond money - flying to places where no other airline wants to fly. The down side is there is a good reason no other airline is flying there....Look at Air South. The South Carolina government financed them and helped run them into the ground - not enough passenger traffic to warrant the routes/frequencies they flew!
Freight Dogs Anonymous - O.O.T.S.K.
DAMN! This SUCKS! I just had to go to the next higher age bracket in my profile! :-(
Penguinflies From United States of America, joined Apr 2000, 993 posts, RR: 0
Reply 9, posted (12 years 4 months 2 weeks ago) and read 1924 times:
Mx...agree 100%...the only difference is St. Clair isn't issueing public-backed revenue bonds, they just set up the bond issue for the holding company. But look at those routes... MCO, Chicago..JFK...some of the worst destinations from STL considering that market.