Planesailing From United Kingdom, joined Jul 2005, 506 posts, RR: 0 Reply 1, posted (4 years 2 months 1 week 17 hours ago) and read 1650 times:
They are going to need every penny they can get out of the wealthy Irish businessman with that venture.
Easyjet and Go got burnt by Ryanairs ruthlessness when they stepped in on the Irish's territory, can see the same happening again.
Only thing is a start up is not going to have anywhere near the same financial capabilities as Ryanair. Afterall, theyre predicting a 200m Euro profit this year!
Cant see that venture lasting long, but all the best I guess.
7LBAC111 From United Kingdom (Northern Ireland), joined Jul 2004, 2556 posts, RR: 55 Reply 2, posted (4 years 2 months 1 week 4 hours ago) and read 1455 times:
The BFS angle on this is particularly interesting. FR have shown no desire to serve Belfast for reasons that are beyond me.
This new entrant may find SNN to be tough. Virgin Express failed there, as did flyBE, AB Airlines et al before them.
At BFS the new carrier will have to compete against WW, LS, U2 and the charter market. It's a difficul one.
Ironically AB Airlines started at BFS, struggled to make it work, hopped ship to SNN, struggled to make it work there, then jumped to LGW before finally collapsing.
This doesn't bode well, but I wish them the best of luck.
7LBAC111
Debate is what you put on de hook when you want to catch de fish.
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0 Reply 3, posted (4 years 2 months 5 days 1 hour ago) and read 1172 times:
FINANCIER Dermot Desmond is in advanced discussions with a group of Northern Irish businessmen planning to establish a low-cost airline to challenge Ryanair on routes between Ireland and Continental Europe.
Mr Desmond is expected to emerge with 30pc of the company, the name of which is a closely-guarded secret.
In return, Mr Desmond will put up much of the €30-€40m in start-up capital which the new airline will require.
David Keys, the Northern Ireland property developer behind the planned venture, will also put up a substantial amount of the start-up equity and will retain 51pc of the company.
The remaining 19pc will be split between a number of small investors and senior employees.
The new airline is expected to be launched in November and will begin flying in June of next year. It will operate on routes from Dublin, Shannon and Belfast, mainly to Spain and Portugal.
It also plans to fly to Poland and at least one other Eastern European destination. According to senior aviation figures, Mr Keys is also in discussion with a number of regional French airports.
Although operating from Ryanair's home territory and flying to many of the same countries, it is understood that the new airline will not fly to any of the airports currently serviced by Ryanair. Industry sources said the new airline has already placed an order for two Airbus A320s, which carry 180 passengers, and has an option on a further three.
The new airline will be based in Belfast but will also have offices in the Republic.
Industry sources said that financial guarantees on aircraft being leased by the new airline will make up much of the start-up costs.
Mr Desmond will not be looking for an immediate return on his money.
Start-up airlines typically take between two and three years to break even.
Some start-up low-cost airlines have attempted to circumvent the normal regulations by contracting the actual flying to an established non-competing airline.
However, it is understood that Mr Keys' and Mr Desmond's proposed new airline has already applied for an Air Operators Certificate from both Irish and British regulators.
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0 Reply 5, posted (4 years 2 months 5 days ago) and read 1033 times:
Quoting CarbHeatIn (Reply 4): So it'll have a UK AOC? Different Crew Duty Limitations depending on the flag on the tail
Does that depend on where the crew are based? Good to see a good source of financial backing (For those who dont know, Dermot Desmond is a Billionaire Financier with a history of successful ventures). New irish startups have not had a good record lately (jetmagic, jetgreen, skynet, virgin express, EUjet, the list goes on).
This new one will be launched in November and plans flights from next June. Its aimed directly to compete with FR. 3 ex FR executives involved.
Does anybody know how Eirjet are doing, are they wet leasing a 757? Ive seen one listed as being part of their fleet.
And what about Exxavia (planned new irish charter airline, to start ops 2005) will they get off the ground?
EI2KSEA From Ireland, joined Jul 2004, 437 posts, RR: 0 Reply 6, posted (4 years 2 months 5 days ago) and read 1027 times:
Not another one! I dont mean to be downbeat on irish enterprise but after JetMagic, FlyJetGreen, EUJet, Transaer and a few others, irish eyes dont seem to be smiling in the airline arena of late. Ryanair will do their usual blow them out of the water strategy if they try the Republic, Easyjet already have a decent northern presence whilst south, EI already have a very competitive european range of destinations from DUB which is very tempting for northerners thanks to exchange rates, not to mention the new eastern european entrants in the Irish market...charter maybe but scheduled loco? What are you doing Dermot?
Mika From Sweden, joined Jul 2000, 2712 posts, RR: 4 Reply 8, posted (4 years 2 months 4 days 23 hours ago) and read 982 times:
Let's make a bet guys. How long do you think this newcommer will last? I give them 9 months tops until media starts talking about how much money they are loosing..and the road from there will not be long.
Seriously, i do not understand why anyone would want to start an airline these days, the investments are huge and so are the riscs..how many newcommers haven't we seen that rised only to collapse a short time later. Don't people have anything better to put their money on?
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0 Reply 10, posted (4 years 2 months 4 days 23 hours ago) and read 936 times:
Quoting A3204eva (Reply 7): Airline reviews gave it something like 0/10 as all pax complained
I flew eirjet once when they were starting off, doing some wet leases for FR at the time, and found them to be ok. Just a typical charter airline. Nice friendly crew though.
Jetmagic operated EMB145s from ORK, failed because they tried to provide full fat service at LCC prices. Some of their routes had good loads but it just wasent economical the way they did it.
Flyjetgreen were really just a tour operater, with aircraft operated by Icelandair. They only lasted a single day of flying! They attempted to sell the first 12 seats or each flight (B752) for eur1 inc all charges+tax. So effectivly they were paying people to fly with them. Incidentally, those 12 seats were the only ones that sold for each flight.
EUjets base (Manston) was too far from London IMO.
Eirjet From Ireland, joined Jul 2005, 330 posts, RR: 2 Reply 12, posted (4 years 1 month 4 weeks 3 hours ago) and read 730 times:
I met the MD of Eirjet (hence my username), he appears to havea good aviation mind. I too have seen the reports of customer complaints, its the airlines first summer of operations.
They had a fantastic start as they won 2 of the biggest Holiday charter accounts in Ireland.
Quoting EI321 (Reply 10): I flew eirjet once when they were starting off, doing some wet leases for FR at the time
They did some ad hoc work for FR and EI.
Am I right in thinking they have 3 a320's now and 2 leased b757?
Eirjet
Aviation has a 100% record, we've never left one up there......
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