… is still to ‘start off with a billion dollars and invest in an airline.’
From the annals of really stupid startup airline ideas, PlaneBuzz shakes its head at the application to the Department of Transportation for the launch of Family Airlines (website down as I write this).
A Las Vegas-based carrier a la defunct-National Airlines, operating 747s domestically. And they’re touting a theoretically-impossible 539 coach seats on the main deck while maintaining 31-inch pitch. Oh, and 42 business class seats on the upper deck (United’s 747s have 26 business class seats on the upper deck, admittedly this is meant for long-haul international flights, but 42 seats won’t be comfy; the ancient Thai Airways 747s used to have 40 seats up there in business).
The CEO of the airline tried to start it up about sixteen years ago, but financial irregularities prevented it from getting off the ground.
The company, which was active from 1992-1993 was far enough along in the process to have aircraft painted in their livery and hire and advertising agency. The airline had the backing of 65 former Pan American pilots. This turned out to be a failed attempt to found a low-cost carrier in 1992-1993. Due to financial irregularities, the company was denied DOT/FAA flight certification.
On June 19, 1996 a court ruled that the married Barry Michaels and Holly S. Michaels participated in the fraudulent offering of $5 million of unregistered stock.
What’s their business model?
Family Airlines says it will start with two airplanes flying JFK-LAX-MIA (reminiscent of another and defunct 747 operator – Tower Air) with fares ranging from $19 to $69.
Casinos in Vegas, with the odds always in favor of the house, are a far better bet than investing in Family Airlines…