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Airline For Sale On EBay  
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Posted (8 years 8 months 3 weeks 4 days 3 hours ago) and read 18576 times:

I've seen commercial planes on eBay before, this is the first time I've seen an actual airline on eBay. Florida Coastal Airlines, a small Florida commuter, has put itself up for sale on the site:
http://cgi.ebay.com/ebaymotors/Commu...categoryZ63678QQrdZ1QQcmdZViewItem

16 replies: All unread, jump to last
 
User currently offlineZSOFN From United Kingdom, joined Jun 2005, 1413 posts, RR: 6
Reply 1, posted (8 years 8 months 3 weeks 4 days 3 hours ago) and read 18539 times:

Amazing what turns up on eBay...

I guess it's a good way to get your product out to a wider number of investors.


User currently offlineBR715-A1-30 From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 8 months 3 weeks 4 days 3 hours ago) and read 18444 times:

They should sell it to Trump. He'd buy it in a heartbeat.

User currently offlineLuv2fly From United States of America, joined May 2003, 12090 posts, RR: 49
Reply 3, posted (8 years 8 months 3 weeks 4 days 3 hours ago) and read 18416 times:

Quoting BR715-A1-30 (Reply 2):
They should sell it to Trump. He'd buy it in a heartbeat.

I think after his adventure with the Trump Shuttle his days of wanting to own an airline are over. Also I think if he was in the market for another one, knowing Trump he would shot for a well known name over a commuter that is most likely not known out of Florida and the cities it serves.



You can cut the irony with a knife
User currently offlineERJ170 From United States of America, joined Apr 2004, 6755 posts, RR: 17
Reply 4, posted (8 years 8 months 3 weeks 4 days 2 hours ago) and read 18235 times:

How difficult is it to convert a commuter airline to a full scheduled airline?


Aiming High and going far..
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Reply 5, posted (8 years 8 months 3 weeks 3 days 22 hours ago) and read 17979 times:

Quoting ERJ170 (Reply 4):
How difficult is it to convert a commuter airline to a full scheduled airline?

Fairly intensive from what I understand.

I also wonder how one is to complete due diligence on the airline? And would the DOT and FAA allow the transfer if management materially changed?


User currently offlineMarshalN From Hong Kong, joined Sep 2005, 1521 posts, RR: 0
Reply 6, posted (8 years 8 months 3 weeks 3 days 21 hours ago) and read 17896 times:

How about this google ad I just saw on this website?

Airbus A380
Airbus A380 for sale. aff Check out the deals now!
www.eBay.com

I love eBay's ads lol


User currently offlineN601BN From United States of America, joined Mar 2003, 40 posts, RR: 0
Reply 7, posted (8 years 8 months 3 weeks 3 days 17 hours ago) and read 17468 times:

The airline looks unremarkable, but look at the IATA code - PA. Pan Am IV?  Wink


N601BN--747 Braniff Place
User currently offlineMir From United States of America, joined Jan 2004, 21513 posts, RR: 55
Reply 8, posted (8 years 8 months 3 weeks 3 days 16 hours ago) and read 17062 times:

Quoting N601BN (Reply 7):
look at the IATA code - PA. Pan Am IV?

Methinks that restarting Pan Am would be right up Trump's alley. But he still probably won't.

-Mir



7 billion, one nation, imagination...it's a beautiful day
User currently offlineF27XXX From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 8 months 3 weeks 3 days 15 hours ago) and read 16717 times:

Who'd pay all that money for a pile of Cesspool 402's!?!?

User currently offlineMarshalN From Hong Kong, joined Sep 2005, 1521 posts, RR: 0
Reply 10, posted (8 years 8 months 3 weeks 3 days 15 hours ago) and read 16680 times:

Quoting F27XXX (Reply 9):
Who'd pay all that money for a pile of Cesspool 402's!?!?

Ouch...

I think the general mantra on eBay these days is -- there are no real bargains anymore


User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 8 months 3 weeks 3 days 14 hours ago) and read 16501 times:

Quoting MarshalN (Reply 10):

I think the general mantra on eBay these days is -- there are no real bargains anymore

A few weeks ago there was an airworthy DC-3 on e-bay for 55K.


User currently offlineDoona From Sweden, joined Feb 2005, 3764 posts, RR: 13
Reply 12, posted (8 years 8 months 3 weeks 3 days 13 hours ago) and read 16095 times:

Quoting DLKAPA (Reply 11):
A few weeks ago there was an airworthy DC-3 on e-bay for 55K.

Someone is selling a share in a PBY-5 Catalina for 16000 GBP...

Cheers
Mats



Sure, we're concerned for our lives. Just not as concerned as saving 9 bucks on a roundtrip to Ft. Myers.
User currently offlineZakHH From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 8 months 3 weeks 3 days 12 hours ago) and read 15800 times:

That eBay auction reminds me of the old joke:

How would you quickly make a small fortune?
Take a big fortune and invest it into an airline...


User currently offlineIslipWN From , joined Dec 1969, posts, RR:
Reply 14, posted (8 years 8 months 3 weeks 3 days 9 hours ago) and read 15090 times:

Its amazing with what they will sell on eBay these days!! I wonder if anyone will actually bid? And I wonder what would happen if someone posted a false bid?

User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 15, posted (8 years 8 months 3 weeks 3 days 5 hours ago) and read 13029 times:

Even if I had the $4 million needed, I can't buy it because I'm not a US citizen...

User currently offlineFlyNYC From United States of America, joined Oct 2005, 24 posts, RR: 0
Reply 16, posted (8 years 8 months 3 weeks 3 days 4 hours ago) and read 12367 times:

Quoting LatinAviation (Reply 5):
I also wonder how one is to complete due diligence on the airline? And would the DOT and FAA allow the transfer if management materially changed?

It’s highly unlikely that the FAA would recognize the Part 135 certificate if all of the management (Director of Maintenance, Chief Pilot, etc.) were to change.

After all, what else is the FAA really certifying, other than the qualifications of management, access to capital and the operating procedures that they developed?

If many of the key people where to remain in place and the airline continued operating as normal, THEN the FAA almost certainly would recognize the certificate through a transfer of ownership. Other than that, they are going to be giving the “thumbs down” to such a transaction.

I nearly learned this the hard way, when I was starting a Part 135 operation. I tried to buy a charter jet operator that I just closed its doors and laid off its employees as a fast way to get a Part 135 certificate. Luckily, I got the regional FAA office involved and they explained that I would basically have to go through the certification process again.

It was far better to just start from scratch.

This was made even clearer to me when my attorney uncovered a lot of bills, leans and other skeletons that the company had in its closet.

As far as acquiring a Part 121 certificate… yes, if you already have a Part 135 certificate, excellent management and skilled people in place and a great rapport with the local FAA office, then you certainly have a head start. But it is still a very complex and rigorous process and other than buying a “going concern” with all of the management / people in place and operating… there is no other “short cut” to getting the FAA / DOT blessing.

Buyers beware.


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