G-KIRAN From United Kingdom, joined Jun 2000, 736 posts, RR: 0 Posted (14 years 11 months 2 weeks 6 days 1 hour ago) and read 10860 times:
What do I need to start my own airline?How do I lease aricraft,hire pilots,get enough money etc?I am thinking of starting a no frills southwest type operation that just flies the Singapore-Kuala Lumpur trunk route.
Cfalk From , joined Dec 1969, posts, RR:
Reply 3, posted (14 years 11 months 2 weeks 6 days 1 hour ago) and read 10819 times:
Whoa! Can you think of a more challanging route to play on? That route is served by over 20 round trip flights per day, including 747s and 777s. Singapore Airlines and Malaysian will assassinate anyone trying to get into that lucrative route.
As far as where to lease aircraft, you can lease them directly through the manufacturers, through specialized leasing companies like GECA or Flightlease, or directly from other airlines which have excess capacity. One advantage of the latter is that you have the option of "wet-leases", which include leasing the pilots and crew, and often services.
Getting the money. Uhhh... well, that's not so easy. Venture capital would probably be your only source, unless you happen to be stinking rich.
Gunfighter 6 From Netherlands, joined Jan 2001, 404 posts, RR: 0
Reply 5, posted (14 years 11 months 2 weeks 5 days 15 hours ago) and read 10784 times:
I think the best example here is Easyjet.
the owner is a son of a billionaire who got bored and so he received 5 million dollars from his dad and with that money he started one of the best cheap airlines in Europe.
Easyjet is the proof that anyone can start an airline.
ofcourse you need a lot of money but it is possible.
the key is to do everything at a low cost.
you should see the headquaters of easyjet.
Ceilidh From , joined Dec 1969, posts, RR:
Reply 6, posted (14 years 11 months 2 weeks 5 days 14 hours ago) and read 10780 times:
Ask B747-437B - he tried to go the easy route, by taking over an existing operator!
Seriously, though, it isn't easy - you need to find a USP (unique selling proposition) and either have lots of cash or someone to bankroll you whilst you are doing it. I had breakfast this morning with Freddie Laker at FLL - he's doing the inaugural flight of his FLL-NAS service - and we were going over how things were progressing. His advice was simple - noli illegitemi carborundum!
Penguinflies From United States of America, joined Apr 2000, 996 posts, RR: 0
Reply 9, posted (14 years 11 months 2 weeks 4 days 23 hours ago) and read 10723 times:
It's long! here we go...
1st, i thought sir freddie has wet lease dc-10s flying charters.
2nd, Along with EasyJet, Frontier was started with $4.9 million and Reno Air started with $4 million (or something like that) compared to JetBlue or National which had $125 million and $50 million in start-up cash.
The best way to get started is to find your ninche. What to you want to serve. Cater to the business traveler or vacationers. Do you want to provide small service in small towns in the midwest which price doesn't factor as much or provide high-density routes like LAX-ORD where demands change as price changes? Do you want to lease a business jet and fly executives around? Do you want to be an air taxi or an airline? Do you know where you would like to start from?
Next, get your team together. CFO, Flight Department, Flight Attendants, Customer Service Manager, Mechanics (you'll need one even if your outsource maintenance).
Write your business plan.
LOOK FOR VENTURE CAPITOL. They won't give you millions, but they might give you $500,000. That seed money will get you your millions.
Attend the FAA workshop on filing your forms (it's required anyway). They have one about once a month for 135 and 121 form filers. At this time you can talk to the FAA airline representative.
Pitch your idea to anyone who is rich. Western Pacific got their money from Texas Oil Driller Families. WestJet's money was from a teacher's pension fund.
Get your team to develop the regulations for the DOT and FAA, and there are a lot (there are copies of 121 and 135 regulations online, look through them, there are 10234.95 things you need to do to fly, everything from Gate Agent training to the dimensions of the ovens on an aircraft.
Look for your aircraft. Use an outside source if you want, there are apprisiers and such that deal in leasing aircraft. Look for aircraft already registered in your country first (so that you don't do a Midwest Express/SAS hassle). Lease is cheaper to buy, but don't rule out buying. ACMI (wet leases) are expensive, but they include everything on the plane (aircraft, crew, maintenace and insurance. A Dry lease will get you a plane and whatever else you bargin for (crew training, maybe some maintenance).
Your team should be able to do their jobs (uniforms, guidelines for employees etc).
Get your certificate of public convience from the DOT, the you get your operating certificat from the FAA after they review your guidelines and you do initial route proving flights.
There you have it, a very rough outline of what to do. Or if you like the airline industry, just sell fuel...all airlines need fuel!
Sevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 10, posted (14 years 11 months 2 weeks 4 days 11 hours ago) and read 10706 times:
Well, the guy who owns my local airline Gill Airways (btw hes calle Mike Gill) started with a single seater air taxi after he left the airforce as a pilot. And now 30 years on its the BEST and fastest growing regional airlines in the UK. Go to www.gill-airways.com and click on history. It seems its doesnt take as much monay as some would say.