New Swiss budget airline launches fundraising
A Ryanair pilot and 3 other industry veterans hope to raise at least US$100m in Switzerland this week to launch a low-cost, long-haul airline that defies the economic forces which have grounded some small European carriers in recent months. The new airline — as yet unnamed — will focus initially on serving North America, and expects to undercut larger, established carriers with a cut-price service from Basel airport. The founders believe their business model will avoid the problems which hit other carriers. Their move comes just weeks after the collapse of SkyWork airline, which served European destinations from Bern airport. The Basel project could launch in mid-2019 if its fundraising is successful. The airline expects to have a cost base 30% lower than established network carriers and to be profitable in its third year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-10/unaligned/new-swiss-budget-airline-launches-fundraising
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New Swiss budget airline launches fundraising
A Ryanair pilot and 3 other industry veterans hope to raise at least US$100m in Switzerland this week to launch a low-cost, long-haul airline that defies the economic forces which have grounded some small European carriers in recent months. The new airline — as yet unnamed — will focus initially on serving North America, and expects to undercut larger, established carriers with a cut-price service from Basel airport. The founders believe their business model will avoid the problems which hit other carriers. Their move comes just weeks after the collapse of SkyWork airline, which served European destinations from Bern airport. The Basel project could launch in mid-2019 if its fundraising is successful. The airline expects to have a cost base 30% lower than established network carriers and to be profitable in its third year. <br/>
