Start-Ups New Switzerland-based carrier looking for investors

  • Airbus

A new Swiss airline start up seeks a funding to launch low-cost long-haul operations from a Swiss airport.

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Switzerland is not an easy market for small airlines: The two regional airlines Darwin Airline and Skywork were forced to file for insolvency in the last months.

A new company is planning to launch low-cost long-haul flights from Euroairport Basel Mulhouse Freiburg. The managers of the new project with the name “Swiss Skies” are seeking $100 million as initial capital from interested investors, the Financial Times reports.

According to the media report, the airline plans to operate flights to destinations in the USA with new Airbus A321LR aircraft, beginning with first flights in mid-2019. Founders of the start up are four experienced aviation professionals, which worked as pilots for Ryanair or managers for Air Berlin and Austrian Airlines.

A first destination from Basel could be Cincinnati in Ohio, as the two cities are important places for the pharmaceutical industry.

The Airbus A321LR is designed to transport up to 206 passengers in a 2-class layout is designed to become the successor of the aging Boeing 757 aircraft. With three additional fuel tanks, the jet offers an increased range to 7.400 kilometers. Several airlines, like Primera Air or JetBlue are developing concepts to use the single-aisle aircraft on longhaul routes.

Basel Airport has handled over 7 million passengers in 2017. With an own base, Easyjet is the largest airline operating flights from Basel. Currently, no airline offers long-haul flights.

Source © AVIPEO.COM

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