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Originally Posted by kiwiflyer
(Post 1427924)
So how can an FO log SIC team on an aircraft that is rated single pilot
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Originally Posted by Jetlife
(Post 1427998)
If the 135 certificate calls for two crew, then that's how.
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Or if you have the low visibility takeoff opspec which requires an FO.
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Are there plans to grow into the bay area? I would love to be based there. Anyword on a timeline for expansion?
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Originally Posted by Slatsnflaps
(Post 1431037)
Are there plans to grow into the bay area? I would love to be based there. Anyword on a timeline for expansion?
Being a startup, it's safe to assume that the investors expect them to prove the business model with the current routes and aircraft before additional funds are committed to expand service. Unless they are wildly profitable right away, history suggests that the actual rate of expansion will be slower than Management's plans. |
Originally Posted by Panzon
(Post 1431298)
Their intentions are pretty clearly spelled out on their web site.
Being a startup, it's safe to assume that the investors expect them to prove the business model with the current routes and aircraft before additional funds are committed to expand service. Unless they are wildly profitable right away, history suggests that the actual rate of expansion will be slower than Management's plans. The PC12 is also pretty nice to operate per hour. SO i think this company is going to be very successful |
Originally Posted by Slatsnflaps
(Post 1431037)
Are there plans to grow into the bay area? I would love to be based there. Anyword on a timeline for expansion?
San carlos is my home airport, so once i get the hours i can just take a 10 minute drive and hop into an airplane! |
Originally Posted by Hawker445
(Post 1432231)
Well they have taken well over 4,500 applicants. With a $500 initial deposit Plus $1650 a month, that is well over 6 million dollars in the first month alone..
150 initial members X $1,650/month = $247,500/month gross revenue, not $6MM. Subtract operating costs, salaries, sales and marketing, and debt service and there won't be much left over. In a number of interviews their CEO has said they will run the four planes, gather data, and adjust the model. He has identified 52 cities where he thinks the model will work. Given the math above, they will be under tremendous pressure to add members and adjust routes, pricing, frequencies, and rules just to cover their fixed and operating costs. They are launching service in California for the moment, and hope to expand within the state, but have not announced firm expansion dates. They have posted several interviews and a recruiting video on YouTube. |
Originally Posted by Panzon
(Post 1432439)
Actually, they have only accepted 150 applicants, but they have 5,000 on a wait list. This per their CEO.
150 initial members X $1,650/month = $247,500/month gross revenue, not $6MM. Subtract operating costs, salaries, sales and marketing, and debt service and there won't be much left over. In a number of interviews their CEO has said they will run the four planes, gather data, and adjust the model. He has identified 52 cities where he thinks the model will work. Given the math above, they will be under tremendous pressure to add members and adjust routes, pricing, frequencies, and rules just to cover their fixed and operating costs. They are launching service in California for the moment, and hope to expand within the state, but have not announced firm expansion dates. They have posted several interviews and a recruiting video on YouTube. Though i do believe they got another round of $7M in funding. But yes, it would be pretty tight with money right now. |
Originally Posted by flydog431
(Post 1429635)
Sort of. If the opspecs do not authorize use of an autopilot in lieu of an SIC (or they do and the autopilot is inoperative), then an SIC is required when operating under IFR. 135.105(b)-(c).
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