A low cost airline for Italy based on the successful model of other low-cost airlines in
the USA and UK.
An Airline that:
Will operate on domestic Italian routes based in Rome starting in 2002.
Will commence operation with two Aircraft (BAe146, 737-200 or MD 82) in 2002, expanding to 8 aircraft by 2004.
Will achieve a seat factor of 65.3% in 2002/3, 72.8% in 2003/2004, and 72.2% in 2004/2005.
Will generate revenues of €43 million in 2002/2003, €78 million in 2003/2004, and €115 million in 2004/2005.
Will generate a loss of €1.3 million in 2002/2003, a profit before tax of €7.5 million in 2003/2004, and a profit before tax of €13.8 million in 2004/2005.
The requirement for outside investment is €11,500,000.
A proven airline Management team of Italian and foreign Managers with local and international Airline Management Expertise.