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How do I start my own aviation company?

5:49 10:08 Suggested clip How To Start An Airline. Get your aviation business airborne YouTubeStart of suggested client of suggested clip How To Start An Airline. Get your aviation business airborne

How do I start my own flight company?

Airlines is a high cash-burn business. You spend Rs 2.5 lakh an hour to fly an Airbus A320. To fly it for 10 hours a day, you need Rs 8 crore. If you have six aircraft airlines need to bring in six aircraft within year of starting operations you will burn Rs 90 lakh a day or Rs 27 crore in a month.

How much does it cost to start an airline?

For instance, a Boeing 737, a relatively small passenger jet, costs around $50 million or more. Larger jets can approach $300 million in price [source: Boeing]. Hiring qualified pilots to fly the planes is another major cost. A pilot with 10 years of experience will earn upwards of $100,000 in annual salary.

Do airlines own their planes?

Today, over 13,300 commercial jet aircraft, valued at approximately $331 billion, are owned by operating lessors and leased on this basis to the global airlines, representing more than 49% of the fleet by value.

How does airline business work?

How Airlines Work. Airline alliances allow airlines to share frequent flyer programs. An airline's basic function is to transport passengers and their luggage from one point to another. Just like any other service industry, the airline industry provides a service for a set price.

How much does it cost to start an airline company?

One of the most basic costs is the price of buying the airplanes themselves. For instance, a Boeing 737, a relatively small passenger jet, costs around $50 million or more. Larger jets can approach $300 million in price [source: Boeing]. Hiring qualified pilots to fly the planes is another major cost.

How do airlines pay for planes?

Commercial aircraft, such as those operated by airlines, use more sophisticated leases and debt financing schemes. The three most common schemes for financing commercial aircraft are secured lending, operating leasing and finance leasing. However, there are other ways to pay for the aircraft: Tax leases.

Is owning an airline profitable?

Profit per passenger at the seven largest U.S. airlines averaged $19.65 over the past four yearsrecord-setting profitable years for airlines. In 2017, it stood at $17.75, based on airline earnings reports.

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