How to open an airline

The airline business is very important nowadays. You will need to bring together large staff and provide valuable services to passengers. You will succeed if you guarantee your customers safe flights at low prices. We will figure out what else needs to be done to open the airline.

You will need

• - financial plan;

• - bank investments;

• - staff;

• - airplanes.

Instruction manual

1

Write an airline business plan. It is strikingly different from any other business in the world. You need to clearly plan how and where you will get planes. Learn about the success of former or existing airlines and see in which area you can also succeed. Finally, take a step-by-step diagram of your business plan.

2

Decide how many aircraft you need for the first time. It’s best to start with a small amount. You can increase their number with demand, but this will not happen immediately. Too few airplanes will mean little choice for customers, too much - loss of funds in case of failure. So plan for the best, and get ready for the worst.

3

Submit your business plan to banks for financing. Choose a local bank or financial company that is more inclined to develop this type of business.

4

Attract new customers before starting a business. Set your company logo. Work well on the image, name and slogan of the company. This will greatly help in promoting your brand. Its entry into the market is the most important aspect for a young company. Show the advantage of your business over others.

5

Explore your competitors. You will be in competition with local and world players in the arena of the airline business. Know who they are and where their passengers fly. Find out what benefits they offer their customers.

6

Set your type of reward for your customers. It can be a card or a discount system. If you offer them more distance for free for the kilometers already traveled, they will value you more than others. This method works in large companies, and it will work for you.

7

Get federal, state, and local permissions to grow your airline business.

8

You can make adjustments to your business plan at this point. Describe clearly what profit you will receive during the 1st year, 5 and 10 years. Submit this revised plan to banks. Resolve all your questions. Be honest with investors - this is the key to success in this type of business.

9

Make the grand opening of your airline. You can certainly resort to a cheaper alternative, but you simply may not be noticed. Take the first test flight and eliminate any flaws that have arisen. After that, boldly proceed to transportation.

Useful advice

Think carefully about whether this type of business will be in demand where you live.