Low-cost Swiss airline launches fund raising to get airborne
Swiss Skies, a low-cost airline that aims to launch in the second half of 2019, said Wednesday it was seeking to raise more than US$100m in start-up funding this week. The company, which will focus on North American destinations from Basel before expanding to other European bases, expects to have $1.5b in revenue within 5 years and to be profitable in its third year. It said it aimed to have a fleet of 38 aircraft with 1,900 employees serving 45 destinations across 5 continents eventually, without giving a timeline. "We aim to be a true disruptor of the airline industry," said co-founder Alvaro Oliveira, a Swiss pilot and former director of flight operations at Azul Airlines. The airline said it planned to use 190-seat Airbus A321neo long-range aircraft. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-13/unaligned/low-cost-swiss-airline-launches-fund-raising-to-get-airborne
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Low-cost Swiss airline launches fund raising to get airborne
Swiss Skies, a low-cost airline that aims to launch in the second half of 2019, said Wednesday it was seeking to raise more than US$100m in start-up funding this week. The company, which will focus on North American destinations from Basel before expanding to other European bases, expects to have $1.5b in revenue within 5 years and to be profitable in its third year. It said it aimed to have a fleet of 38 aircraft with 1,900 employees serving 45 destinations across 5 continents eventually, without giving a timeline. "We aim to be a true disruptor of the airline industry," said co-founder Alvaro Oliveira, a Swiss pilot and former director of flight operations at Azul Airlines. The airline said it planned to use 190-seat Airbus A321neo long-range aircraft. <br/>
