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They know that these things are predictions only, but still – it shows the possibilities.
What you should be able to define from your market research (which should include the routes and timetable for your flights) are the following basic requirements for your fleet: Once you have answered the questions above (based on an analysis of your market) you can start searching the aircraft market for available options.
This is a very important step – a bad decision during this process may, and will, cost you a lot in the near future, when you start your operations.
However, this point is very important, as you will see in just a minute.
Please note that many people make the mistake of associating a marketing strategy with a pure advertising strategy.
If you have properly performed all the steps described above, your airline business plan should be contain all the information you need to properly define your overall, estimated costs.
You will need to do a lot of research, but at least you should know what to look for.Things to consider when deciding on a given aircraft type: You may often find that optimizing each of those points is generally impossible.So you will need to reach a compromise between certain features of the given aircraft types (for instance low purchase price and good availability, but expensive spares).There are really many markets you can target when thinking about your airline business plan.Here are just a few options for you to consider: As much as many (or perhaps even all) of the above propositions may seem a good idea at first, an airline business plan needs to be specific on why a particular niche has been chosen.So here are the basic cost factors for your airline business plan: Again, I can’t stress too much that a proper cost analysis is probably the most important part of an airline business plan because you can actually get it right (if you do your work probably) contrary to income predictions which are just that – predictions.Income predictions are best presented in three options – best case scenario, most probable scenario and worst case scenario.They need to be based upon proper analysis of the market and the market’s buying power as well as proper supply and demand analysis.But I’m assuming that by now all that is done, as you had to do it to finish all the previous parts of the airline business plan.For the rest of this article, I will assume that the airline we attempt to create will carry passengers.This is the understanding of the world “airline” in the general world anyway, so for now we will leave the cargo operators.