Jmc757 From United Kingdom, joined Mar 2000, 1300 posts, RR: 7
Reply 1, posted (14 years 2 months 1 day 16 hours ago) and read 3057 times:
Well i watched a program on BBC 2 called the airshow, and last week they were on about this.
Money - YES, LOTS OF IT (a new 757 is about $56 million)
you also need to find a 'hole' in the market. for instance, if British Airways and british midland operated a route and you wanted to aswell without undercutting them on price, then you would not succeed.
Now, at my local airport (BHX, Birmingham UK) there are no Low cost operators (well Jersey European offer cheap fares, and Ryanair go to DUB), but really thats it. If i could get money then get rights to fly and did the right routes on budget fares, then i may succeed!
IndianGuy From , joined Dec 1969, posts, RR:
Reply 2, posted (14 years 2 months 1 day 16 hours ago) and read 3046 times:
Well, basically u need to know what kind of market you are going to going to serve.
First the routes: either short/very short haul routes with high frq services., or more long-haul services.
Then there is theissue about target marketHigh-Fare Business class pax or the Y-Class public or Charter type, which will determine your revenue structure.
Both have their own adv. as well as disadv. A model based on the Y-Class traffic would be more susceptible to attrition by rival carriers.
You also have to determine the level of service u want to offer, which adds to the cost.
The most difficult thing that i have encountered is to sell tickets. That is going to be very difficult. So u basically have to set up a network to sell your tickets.
All this is much more important than money. That is definitely there, but i would say that your first priority should be to network yourself with the Travel industry well and understand the economics of how the whole thing works. And this network of contacts should help you tom. to sell u'r tickets.
About money: there are quite a few organisations out there willing to put money on good ideas. In the US esp. there should be many more of these firms. So concentrate on developing a good business plan.
One last thing: Dont get into this JUST b'cos you love planes, and u want a few Airbuses/Boeings with Herman written across the fuselage. If this is about an ego trip, drop it right now. U;ll save yourself a lot of money.
Get into it only if you have a solid business plan.
Avion From Bouvet Island, joined May 1999, 2205 posts, RR: 7
Reply 3, posted (14 years 2 months 1 day 15 hours ago) and read 3035 times:
Well Crossair started out 25 years ago with $10 Million and one Metroliner. Look where they are now. They are Europes biggest regional airline and have 85 Embraer 170/190s on order and have 15 MD80s. This shows that it surely is possible to get to the top with not all that much money.