Airline startup Avatar Airlines has announced it is preparing to launch in late 2021 with a cost-efficient, debt-free and well-capitalized fleet and projected fares 30 to 50% less than the regular fares of Avatar´s competitors, the company said.
Avatar CEO Barry Michaels said as other carriers are grounding more of their planes and laying off workers, it´s an opportunity to build a new airline that won´t be burdened by restructuring costs and debt.
With a looming Oct. 1 expiration date for federal stimulus payments tied to airline employment protections, industry analysts expect at least 75,000 jobs could be eliminated this fall. That presents a unique opportunity for Avatar, to hire management and skilled operations leaders.
While planning to be a US leader in ultra-low passenger fares, with no baggage or change fees, Avatar plans to generate income through a number of other revenue streams, including external and in-flight advertising, cargo transportation and partnerships with popular attractions and vacation destinations.
The centerpiece of Avatar´s launch plan is to take advantage of the current buyers´ market for unused and off-lease Boeing 747 aircraft, which have been largely taken out of service over the last few years. The long-haul 747, known in aviation circles as Queen of the Skies, remains popular among experienced travelers and offers a roomy cabin built to accommodate as many as 581 comfortable seats. Its considerable cargo space also enables more efficient point-to-point commercial hauling of storage containers and pallets, ideal to meet the growing needs of e-commerce retailers and customers.