Take a look at this:
A group representing the aviation, tourism, convention, and business interest of New Orleans are persuing the formation of a new airline with a hub at MSY. Citing the considerable lack of capacity at MSY following Katrina, and the desire to stimulate the rebounding economy, this group plans to use private funds and state backing to begin service as early as mid-2007.
The video does an excellent job describing the venture, and I must say it's rather good journalism for a local television regarding aviation.
Here's some details:
- Proposal began pre-Katrina, but is now considered essential to help stimulate the economy.
- Eventual fleet of 54 mid-sized aircraft with 150 daily flights
- Destinations include 41 major U.S. cities, all regional airports in Lousiana, and 10 Latin/Canadian cities
- Low fare model simmilar to WN, B6, or FL.
- Would create 3,000 local jobs
- Startup cost estimated at $2 billion from private investors, plus $300 million from State of Lousiana as a fall-back funds in escrow (ideally, never touched)
Thoughts? Feel comfortable with "quasi-State" participation?
I'm personally interested in the logistics of it all. How do they plan on obtaining an initial fleet in only 6 months?