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Posted On: 07/20/2017 9:58:04 AM
Post# of 41413
Re: Carsmax177 #35862
Songbird Airways is actually a charter airline, so I would imagine that USGlobal will continue their charter flights while adding the Boeing 777 to their certification (~6 months). They could also fly the 767, which they can immediately start to do with Songbird's Part 121, but I'd prefer if they went straight to the 777. In other words, I'd prefer they not get the 767 from Kalitta because it's slowly transitioning into a cargo plane and passengers flying a new airline do not want to sit on old seats. Songbird currently has 737s. USGlobal should stick to using them via charter flights to popular tourist destinations (Ned Siegel comes to mind, he likely has a ton of connections in the Bahamas) during the first 6 months while adding the 777. Then they can go straight into flights to European destinations.
They have one opportunity to make this company a success. If they get certified and lose business to powerful competitors like DAL/UAL/AAL because they chose to fly the 767-300ER, it will be tragic. This isn't the era of launching a mediocre business anymore. I can't start a newspaper company today because it is guaranteed that it'll fail. The newspaper business is dying, as is old aircraft. You have to be the best from the beginning. I asked Igor once why Baltia has a chance of succeeding, and he (incorrectly) responded, "If you have planes, you'll be able to sell tickets." This of course isn't true because the extreme majority of airlines that were flying passengers eventually failed (there's a list of them at the bottom of this post). They didn't attract passengers. They tried to inexpensively attract passengers. USGlobal has to avoid this mistake that Igor made for nearly three decades. Money is everything. So whatever they have to do to get investments without hurting existing shareholders, DO IT. Companies can raise billions and still fail. USGlobal needs to do everything right and never shy away from aggressively raising capital (tens of millions immediately). They can't nickel and dime their way to a functional business like Baltia tried to do (and we saw how that turned out...) because of pride. Raise as much money as you can, sell the idea to investors, and make them believe in the vision of transforming the airline industry into a respected sector of the economy rather than the garbage it is today. And a huge component of this is putting passengers into new aircraft that makes them tell their friends and families about that flight they loved. The 767 really won't cut it.
https://en.wikipedia.org/wiki/List_of_defunct...ted_States
They have one opportunity to make this company a success. If they get certified and lose business to powerful competitors like DAL/UAL/AAL because they chose to fly the 767-300ER, it will be tragic. This isn't the era of launching a mediocre business anymore. I can't start a newspaper company today because it is guaranteed that it'll fail. The newspaper business is dying, as is old aircraft. You have to be the best from the beginning. I asked Igor once why Baltia has a chance of succeeding, and he (incorrectly) responded, "If you have planes, you'll be able to sell tickets." This of course isn't true because the extreme majority of airlines that were flying passengers eventually failed (there's a list of them at the bottom of this post). They didn't attract passengers. They tried to inexpensively attract passengers. USGlobal has to avoid this mistake that Igor made for nearly three decades. Money is everything. So whatever they have to do to get investments without hurting existing shareholders, DO IT. Companies can raise billions and still fail. USGlobal needs to do everything right and never shy away from aggressively raising capital (tens of millions immediately). They can't nickel and dime their way to a functional business like Baltia tried to do (and we saw how that turned out...) because of pride. Raise as much money as you can, sell the idea to investors, and make them believe in the vision of transforming the airline industry into a respected sector of the economy rather than the garbage it is today. And a huge component of this is putting passengers into new aircraft that makes them tell their friends and families about that flight they loved. The 767 really won't cut it.
https://en.wikipedia.org/wiki/List_of_defunct...ted_States
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