latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

Airline For Sale On EBay

Fri Nov 04, 2005 3:51 am

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
 
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ZSOFN
Posts: 1379
Joined: Fri Jun 24, 2005 5:20 pm

RE: Airline For Sale On EBay

Fri Nov 04, 2005 3:57 am

Amazing what turns up on eBay...

I guess it's a good way to get your product out to a wider number of investors.
 
BR715-A1-30
Posts: 6525
Joined: Thu May 30, 2002 9:30 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 4:21 am

They should sell it to Trump. He'd buy it in a heartbeat.
Puhdiddle
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 4:26 am

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
 
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ERJ170
Posts: 5466
Joined: Thu Apr 15, 2004 11:15 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 5:24 am

How difficult is it to convert a commuter airline to a full scheduled airline?
Aiming High and going far..
 
latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

RE: Airline For Sale On EBay

Fri Nov 04, 2005 9:10 am

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?
 
MarshalN
Posts: 1474
Joined: Sat Sep 03, 2005 9:39 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 9:41 am

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
 
N601BN
Posts: 38
Joined: Fri Mar 28, 2003 7:53 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 1:53 pm

The airline looks unremarkable, but look at the IATA code - PA. Pan Am IV?  Wink
N601BN--747 Braniff Place
 
Mir
Posts: 19092
Joined: Mon Jan 05, 2004 3:55 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 2:50 pm

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
 
F27XXX
Posts: 617
Joined: Fri Oct 22, 2004 6:53 pm

RE: Airline For Sale On EBay

Fri Nov 04, 2005 3:58 pm

Who'd pay all that money for a pile of Cesspool 402's!?!?
I'M BAAAAAAAACK!
 
MarshalN
Posts: 1474
Joined: Sat Sep 03, 2005 9:39 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 4:04 pm

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
 
DLKAPA
Posts: 7962
Joined: Wed Dec 03, 2003 10:37 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 4:39 pm

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.
And all at once the crowd begins to sing: Sometimes the hardest thing and the right thing are the same
 
Doona
Posts: 3382
Joined: Fri Feb 18, 2005 9:43 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 6:02 pm

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.
 
ZakHH
Posts: 1570
Joined: Fri Jul 08, 2005 11:32 pm

RE: Airline For Sale On EBay

Fri Nov 04, 2005 7:01 pm

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...
Tired of a.net? Join a friendly aviation community!
 
IslipWN
Posts: 1082
Joined: Mon May 10, 2004 1:05 am

RE: Airline For Sale On EBay

Fri Nov 04, 2005 9:34 pm

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?
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: Airline For Sale On EBay

Sat Nov 05, 2005 2:21 am

Even if I had the $4 million needed, I can't buy it because I'm not a US citizen...
 
FlyNYC
Posts: 23
Joined: Wed Oct 12, 2005 10:54 am

RE: Airline For Sale On EBay

Sat Nov 05, 2005 3:31 am

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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