Rossbaku From United Kingdom, joined Jun 2005, 673 posts, RR: 1 Posted (10 years 9 months 2 weeks 6 days 5 hours ago) and read 15835 times:
Taken from BBC News:
Teenage airline aims for take-off
A Merseyside teenager is set to join the ranks of no-frills travel operators with the launch of his own airline.
Daniel Reilly, of Maghull, set up Nexus Airlines in his bedroom after finding inspiration from a school project.
The 18-year-old now leases a Boeing 737 which will be flying to Tenerife, Gran Canaria, Lanzarote and Fuerteventura from Liverpool's John Lennon Airport...
By the way, the 737 is leased from Futura International Airlines.
Lucky sod! If anyone manages to get a photo of the new aircraft, or has the oppertunity to fly this leased 737, let us all know!
Egmcman From United Kingdom, joined Jun 2005, 898 posts, RR: 7
Reply 2, posted (10 years 9 months 2 weeks 6 days 4 hours ago) and read 15722 times:
I wonder want sort of service they will offer as I would imagine it must take in the region 4 to 41/2 hours on those routes. Ray Webster said no would want EZY's service level for longer than on their services to Athens.
VS747SPUR From United Kingdom, joined Mar 2005, 373 posts, RR: 0
Reply 6, posted (10 years 9 months 2 weeks 6 days 4 hours ago) and read 15664 times:
Well done to him I do hope it all works out for him !
However has he only leased one aircraft ? Because apparently reading the paper today it says they want to do twice weekly to Tenerife, and once weekly to Gran Canaria, Lanzarote and Fuerteventura. Would you say one plane is enough considering things like delays and possible tech probs etc... ?
Best of luck to him however !
Backfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 9, posted (10 years 9 months 2 weeks 6 days 3 hours ago) and read 15479 times:
Quoting 777ER (Reply 1): An 18 year old owning his own airline.......lucky thing.
No such thing as luck - it's all about determination and hard work. I've been admittedly sceptical about Nexus Airways, because it's been about two years since I initially contacted them about their project, but I'll gladly eat my hat if it actually gets off the ground.
777ER From New Zealand, joined Dec 2003, 12946 posts, RR: 15
Reply 11, posted (10 years 9 months 2 weeks 6 days 2 hours ago) and read 15426 times:
AIRLINERS.NET CREW HEAD MODERATOR
but I'll gladly eat my hat if it actually gets off the ground. I could say the same about two airlines that have been in the phone book for about 5 years and still have not taken to the skys. I wouldn't eat my hat thou when they finally start flying
Jmc757 From United Kingdom, joined Mar 2000, 1315 posts, RR: 6
Reply 17, posted (10 years 9 months 2 weeks 6 days ago) and read 14964 times:
Quoting Gkirk (Reply 15): Look at the schedules, 737-400 showing as non LPL based. My guess is that this may be one of those virtual airlines, who only sell seats
Aircraft will be Canaries based, whole operation managed by Futura Airways, under FUA flight codes. Nexus Airways are just a tour operator/ticket seller. They have chartered and airline to fly routes, and are marketing the seats.
This is very different from starting an airline (getting an AOC, acquiring aircraft, crews, insurance etc...) Anyone remember Leeds based "PlanetAir" a couple of years back? Selling seats under that brand, on chartered Spanair/Iberworld flights. By saying that, I do not wish to take anything away from him, as at 18 he has still achieved a great thing. This lad obviously has a lot about him, getting financial backing for a start. Best wishes to them.
N1120A From United States of America, joined Dec 2003, 29194 posts, RR: 73
Reply 23, posted (10 years 9 months 2 weeks 5 days 21 hours ago) and read 14105 times:
Quoting Rwylie77 (Reply 18): Isn't this how the guy (David Neeleman?) who set up JetBlue first started in the west coast? Can't remember the name, but the airline was bought out by SouthWest...
No, it isn't. David Neelman was the CEO of Morris Air, which was actually owned by June Morris. They were not based on the west coast, rather out of SLC and indeed flew their own 737-300 aircraft. Southwest (not SouthWest) took Morris Air over and June got a seat on the board (which she still has today) and Neelman got a job in upper management at WN. Turns out he was not happy as number 4 or 5 in the company and he parted ways with Southwest with a fresh non-compete clause. Since he could not compete in the US, he went up to Canada and helped set up WestJet with 4 investors. He then left and created Open Skies, the ultra-low cost booking system that was bought by HP and then Navataire. Now that his non-compete was up, he came back to the US and secured over $100 million in start up capital (a large chunk from George Soros) to start New Air, which became jetBlue Airways
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
CalAir From United Kingdom, joined Apr 2005, 298 posts, RR: 1
Reply 24, posted (10 years 9 months 2 weeks 5 days 21 hours ago) and read 13867 times:
TockeyHockey, i think you will find if the broker goes bankrupt, he may go bankrupt too, which would only mean him being personally bankrupt for 5 yrs MAX and he would have the majority of his debts written off,unless he had the assets to pay them off, which at the age of 18 is very unlikely. His main concern would be the action that his investors may take to recover funds lost through the bankruptcy, and if he was found to have been reckless in his actions and not made reasonable efforts to prevent the bankruptcy, he may be open to criminal procedings.
However, lets not forget that Stelios and Mr Branson started out with one a/c and they said they would never last. Look at them now!
Hope he's able to fly in his own right soon. Maybe he could look at someone like Astraeus operting for him in Nexus colours, like Iceland Express did.
British Caledonian...we never forget, you have a choice
: He's from Merseyside so he more likely robbed it.
: He received £50,000 from venture capitalists. He is having help from his mums partner, Maybe he knows the right people. Anyway, I wish him luck L
: The financial commitement to start this operation is not as much as many of you may imagine. He hasn't leased a 737. So far he has chartered Futura Ai
: Damn that'd be a bad way to start off your life after school! Paying debts...well I suppose students do this all the time...but not on a scale as big
: Actually, yes it was. Morris Air was a scheduled charter airline for quite a while. They did eventually obtain their own operating certificate. AAndr
: There is such a thing as luck. BAD LUCK. In the airline industry, there's tons of it. I only hope this poor kid can roll with the punches, because in
: In the United States at least, scheduled charter flights require the money be escrowed until after the flight is complete. AAndrew
: 18 years old, huh? I guess the poor guy can't expect 1MillionFlyer's patronage. Sorry...It was just too easy of a shot.
: What's the saying, the easiest way to become a millionnaire from the airline industry is to start off as a billionnaire ...
: the 18 year starting a service from Oxford to Cambridge seems like the only 'solid' story so far. Where the first paying customer is Sir Richard Brans
: He might be the youngest person to file bankruptcy in a few years
: Will the flights be no-frills? LPL to Canaries is a fair way and wont it be hard to compete when you can book a charter flight and have at least the o
: Most 18 year olds are lucky to get a department store charge card. This guy somehow gets a jet. I wonder how much money his parents gave him?
: How much start up capital do you think this took?
: If this is a charter service is this really something that anyone in the U.S. could start up? Or would there be endless miles of government red tape t
: I think you'd be surprised. Here in the US, it is no longer uncommon for students with a mere bachelor's degree to exit school with 50,000USD debt. A
: I don't think ANYONE in their right mind would want to start a new airline in such a terrible economic climate. The U.S. is a less than ideal place t
: I wonder if there is really a market for a no-frills operator between Liverpool and the Canary Islands - the strategy most low-cost airlines have in c
: I'm sure he would incorporate his business and not be liable for the debt any more than a CEO of US Airways is liable for the billions of debt incurr
: True, and the charters also sell seat-only tickets anyway. This means that Nexus would have to compete with the low-cost airlines (ie. Get people pay
: I can see there being some benefits to running a charter. You don't have the staffing demands that an airline has. You get the use of a fully maintena
: ITN reported on the story also. Apparently, £40,000 of investment had been secured for the airline. Easyjet started with £20million, and Ryanair beg
: He might be an A. nutter.............. be carefule of what you say, you might be posting somthing for him to read. He might also reply???
: From the Flightsim website he announced it on: "On one note, I'm relatively thick skinned, so you can give me all the cynical views you wish on Friday
: nothing nice to say on this lads succsess typical!
: Look what happened to jetMagic, and that was made on the back of a Degree coursework, and not an A-level coursework!
: there is a certain 19 year old around here who still has not given up