USGlobal Airways Forbes Interview ~ Can Boeing
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Posted On: 05/15/2017 5:14:59 PM
USGlobal Airways Forbes Interview ~
Can Boeing 767 Flights From Stewart Field To Paris And Tel Aviv Enable a Startup's Success?
Let’s just say upfront that startup airlines don’t usually become successful airlines. This is a fact of life in the airline industry, one that is known to Anthony Koulouris, CEO of startup US Global Airways.
Nevertheless, in March 2018, US Global intends to begin Paris and Tel Aviv flights from Stewart International Airport, about 60 miles north of Manhattan. It would lease Boeing 767s from longtime aviation entrepreneur Connie Kalitta.
Koulouris said he is on the path to raising $50 million. The Federal Aviation Administration must certify airlines before they start to fly, evaluating both safety and financial fitness.
On the plus side, Kalitta has agreed to a lease deal that is “below market price, based on the relationship,” according to Koulouris {The market rate is around $200,000 monthly) and Stewart may be an underutilized airport that is about to be discovered.
Or it may be an airport that is underutilized because it is hard to get to. Certainly, you cannot get there by subway or PATH trains.
US Global’s initial planned destinations are Paris Orly Airport and Tel Aviv.
Competition is tough. United has an international hub at Newark while American and Delta have international hubs at JFK. All three serve Paris while Tel Aviv has United service from Newark as well as Delta and El Al service from JFK. American cancelled Philadelphia-Tel Aviv in 2016 because it could not make money, even at a major East Coast hub.
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Can Boeing 767 Flights From Stewart Field To Paris And Tel Aviv Enable a Startup's Success?
Let’s just say upfront that startup airlines don’t usually become successful airlines. This is a fact of life in the airline industry, one that is known to Anthony Koulouris, CEO of startup US Global Airways.
Nevertheless, in March 2018, US Global intends to begin Paris and Tel Aviv flights from Stewart International Airport, about 60 miles north of Manhattan. It would lease Boeing 767s from longtime aviation entrepreneur Connie Kalitta.
Koulouris said he is on the path to raising $50 million. The Federal Aviation Administration must certify airlines before they start to fly, evaluating both safety and financial fitness.
On the plus side, Kalitta has agreed to a lease deal that is “below market price, based on the relationship,” according to Koulouris {The market rate is around $200,000 monthly) and Stewart may be an underutilized airport that is about to be discovered.
Or it may be an airport that is underutilized because it is hard to get to. Certainly, you cannot get there by subway or PATH trains.
US Global’s initial planned destinations are Paris Orly Airport and Tel Aviv.
Competition is tough. United has an international hub at Newark while American and Delta have international hubs at JFK. All three serve Paris while Tel Aviv has United service from Newark as well as Delta and El Al service from JFK. American cancelled Philadelphia-Tel Aviv in 2016 because it could not make money, even at a major East Coast hub.
Source...
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