50% of profits through means other than tickets eh. . . sounds like Air Canada.
As a matter of fact, in the mid 1990's an airline in eastern Canada tried to start up with 747-200's; they even got someone desperate enough to give them a hull to park on the ramp.
Guy's actually paid $300 for an interview, if you can imagine. And after them it was a 747F operation out of Vancouver. I think there are instructors who were promised jobs who still think it is going to happen, six years later.
744's, by the way, only work as domestic airliners in Japan, where they sqeeze 600 seats in them. Even on our domestic network in New Zealand we stay away from A320's because of their size (granted the stage lengths are less than an hour).
Lot's of these ops try and steal money from pilots desperate to fly a 'whale'. If your that hard up get a couple thousand hours and buy a cheap rating, then head to some third world country where they will gladly hire you. Don't buy shares in one of these operations on the promise of a snake oil salesman. And if these Sky Bus guys are getting away with paying skippers what I hear they are, then you can imagine the pay and conditions if one of these ops ever get's off the ground. At least the front desk clerk at the Motel 6 can say that they have a B747 crew staying with them (can you say min rest).
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