Barry Michaels has been trying to start an airline for at least 28 years. First under the name Family Airlines, and then Avatar Airlines, he’s had an idea to fly Boeing 747s between leisure destinations. He went to prison for tax and securities fraud raising money for the venture. The DOT insisted he give up control of the project.
Now he’s got a new pitch to investors: that now is the perfect time to start a new airline, because used 747s for domestic routes can be acquired cheap, and look at all those furloughed employees!