Quote:
Originally Posted by MalcolmTucker
Flair is rumoured to be a growth machine, where if growth (both in pax but mostly in frame count which enables them to continually increase unearned revenue) stops the VC won't be able to extract cash at the seemingly predatory rate anymore. Destined for collapse unless the local execs and board find a way to convince lessees to let them keep flying while cutting out the VC intermediary. They did survive the 4 plane blip, so maybe there is hope?
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Flair is honestly the cat with nine lives, I think most of us aviation geeks are surprised by how long they've been flying for...
They survived the 2017 newleaf collapse
They survived the 2018 disastrous transborder ops
They survived the 2020-2022 pandemic without government funding
They survived with mediocre transborder ops in 2022
They survived the 2023 Tuscon route blimp
They survived the 2023 aircraft seizures
They managed to create new domestic routes that went very poorly at the start in order to create demand/bring brand awareness (the inaugural YKF-YEG flight had a mere 30 pax).
And here they are, flying transborder loads averaging 75% (eh) and domestically above 90%. They are boosting brand awareness by sponsoring musical festivals across the country and through the CEBL (which is doing surprisingly well), and marketing towards a younger/cheaper demographic.