SurfAir
#72
#75
Gets Weekends Off
Joined APC: Jan 2011
Posts: 270
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.
#76
Gets Weekends Off
Joined APC: Jan 2012
Posts: 490
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.
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
#77
Gets Weekends Off
Joined APC: Jan 2012
Posts: 490
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!
#78
Gets Weekends Off
Joined APC: Jan 2011
Posts: 270
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.
#79
Gets Weekends Off
Joined APC: Jan 2012
Posts: 490
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.
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.
#80
Banned
Joined APC: Jan 2013
Posts: 1,919
There is no such thing as single pilot IFR pax 135 ops. Freight is another matter, but the FAA is pretty open about not allowing an autopilot in lieu of an FO when pax are involved.