New startup airline? - check this out

[Kingfish]

http://www.familyairlines.com/index7.html

I stumbled across this the other day and found it interesting, to say
the least. A startup airline that plans to operate 14 747-400s
initially with max density seating (581 pax - can you say "cattle
car"??) with fares ranging from $19 to $99. They expect 100% load
factors and have a new business model for a revenue stream.
Maybe it's the cynic in me, but I can't see using a widebody
profitably for a 205nm segment (LAS to LAX) while filling seats. I'm
also wondering who is extending the credit required to lease 14 747s.
Last I heard that market was pretty tight. Their initial DOT filing
was made in January this year. I guess that means the Part 121
application is in the works too?

[[email protected]]

Kingfish > wrote:
> http://www.familyairlines.com/index7.html
>
> I stumbled across this the other day and found it interesting, to say
> the least. A startup airline that plans to operate 14 747-400s
> initially with max density seating (581 pax - can you say "cattle
> car"??) with fares ranging from $19 to $99. They expect 100% load
> factors and have a new business model for a revenue stream.
> Maybe it's the cynic in me, but I can't see using a widebody
> profitably for a 205nm segment (LAS to LAX) while filling seats. I'm
> also wondering who is extending the credit required to lease 14 747s.
> Last I heard that market was pretty tight. Their initial DOT filing
> was made in January this year. I guess that means the Part 121
> application is in the works too?

Vegas tourism is currently in the toilet.

They might have been able to get 100% load factors back in January, but
currently I think that is fantasy.

--
Jim Pennino

Remove .spam.sux to reply.

[Robert M. Gary]

On Nov 24, 6:23*pm, Kingfish > wrote:
> http://www.familyairlines.com/index7.html
>
> I stumbled across this the other day and found it interesting, to say
> the least. A startup airline that plans to operate 14 747-400s
> initially with max density seating (581 pax - can you say "cattle
> car"??) with fares ranging from $19 to $99. They expect 100% load
> factors and have a new *business model for a revenue stream.
> Maybe it's the cynic in me, but I can't see using a widebody
> profitably for a 205nm segment (LAS to LAX) while filling seats. I'm
> also wondering who is extending the credit required to lease 14 747s.
> Last I heard that market was pretty tight. Their initial DOT filing
> was made in January this year. I guess that means the Part 121
> application is in the works too?

It also takes about 45 minutes to load a 747. Seems like it would be
more economical to operate 737's and just fly 3 times more often. The
low fares are misleading because the casinos are paying part of the
fare

-Robert