Different people have different visions in life. Have you ever thought about running an airline company? It sounds like something impossible. But in real, nothing is impossible. If you actually want to achieve something, if you work hard towards it, anything can be possible. Being optimistic and staying motivated is what requires being great people and achieve great heights. Staring an airline requires vision, knowledge about the industry, and strong leadership qualities. In addition to this, it also requires a good financing and some luck.
Few things to consider
Finding the niche: like as we all know, just as other businesses, running an airline needs to find good customers. It’s going to be hard to compete with already established airlines, so it is good to first try other options like flying in new routes or targeting a specific group of customers. Once the business is strong, then it can be expanded in a wider market.
The budget: airlines are business which requires a strong financing and huge amount of money. Even if an airline wants to get an aircraft for rent, there are many other costs to be covered apart from the aircraft. Usually, airlines are funded by successful entrepreneurs or established airlines. Later, these airlines will use routes in collaboration with your airline. It is also essential to have a good capital as you know anything can happen. This has become essential after the COVID-19 pandemic. It’s also important that you get an insurance for the aircraft like aircraft hull insurance which can be beneficial in case of emergency.
Legal documentation: even if you have a good market and enough money to start an airline, there can be many other things to be done. It’s essential to consider things like ownership in the company. You should also need approval to run an airline. There can be many procedures and requirements which can differ from place to place. There are few significant things like ownership, insurance, safety, funding, aircraft operation and so on.
Establishing the airline: all what we saw before is how to start getting to this point. This is the main part. Branding, marketing, and advertising for an airline company will be essential and expensive. While planning for the budget, it’s essential to allocate money for all these. Marketing has to be done to make it a successful business. Creating schedules and plans for fight can be vital. The airline will have to obtain different time slots from different airports. Even though starting of an airline is focused on few routes, it should have capacity of expanding in the future. It is also very important to think of the aircraft; you can purchase one or rent one. There will be maintenance for the aircraft as well.
These are few ideas on how to start an airline company, but in real there is more to it. You should know the basics here to understand the other procedures. This is not an easy work, this requires significant effort.
