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| Headline |
New Debt-Free Transatlantic Airline |
| Investment Stage |
Private Placement
Start-up |
| Sectors |
Leisure - Travel
Transport/Distribution - Air |
| Deal Value |
30,000,000 |
| Currency |
UK - GB£ |
| Country/Region |
UK/Western Europe UK East Midlands |
| Summary |
My client, comprising a UK-based team of seasoned airline executives, seeks to take advantage of their unmitigated success in launching and building scheduled, charter and private airlines. Their sheer experience qualifies them to be taken seriously by any p/e investor seeking sustained, long-term growth - along with the occasional free ride across the pond.
Competition from legacy airlines is hampered by debt and established working practices and the team has secured slots at London-Stansted ready to launch its economy, business class and cargo service across to the USA. Using Stansted airport will allow the airline to connect passengers from the 160 European airports served by Stansted.
As a new start airline it will be able to offer a fresh approach, unhindered by previously established financial commitments. This will bring a direct benefit through cheaper fares compared with established airlines. The financial situation in 2009 and 2010 enables the airline to negotiate cheaper airport slots and take advantage of much reduced aircraft rentals. Starting from such a low cost base, the airline will be in a strong position when world finances recover. The company is a preferred bidder for a lucrative government contract.
The business plan has received full approval from the industry regulator and is the only aviation authority approved airline business plan in Europe. PBT of 2010/(£6.2), 2011/£1.6m, 2012/£14.3m and 2013/£28m are forecast. Expansion will be market-led with the management team calling on its combined decades of commercial experience in the industry to exploit all available opportunities for revenue generation and maximised profit. QUOTE REF 1009
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