RE: MyTravelLite New Route!

Cheers SOFTLAD. Wow 10 aircraft for next summer! They must be doing well. And bases at GLA and Man. Do you know if the aircraft are coming from MyTravel? I wonder what routed they will serve?

regards
dan777

RE: NEW NO-FRILLS AIRLINE PLANNING TO OPERATE UK – USA ROUTES!!!!

Business Model
SKY-BUS Long Haul Airline Opportunity

THE CHANGING FACE OF THE AIR TRAVEL

Available international seat miles shrunk over 17% in the wake of September 11, 2001 – according to US Bureau of Statistics. Current ATA data shows international airline system load factors continue to recover. Continued press coverage of major international airlines dramatic reduction in long haul aircraft numbers and destinations served. JetBlue and Pan Am US domestic airline startups flourish. Ryanair, EasyJet and Go European domestic airline startups rapidly expand.

DOMESTIC STARTUPS APPLY NEW AIRLINE BUSINESS MODEL

Focus on A “no frills” service – offering customers the best experience that can be delivered. Aircraft fleet consists of same aircraft type – same engines – same avionics – same passenger services. Route structure selected to serve major population markets from secondary airports – avoids direct competition with established major airlines. Routes support rapid aircraft turnarounds and high aircraft utilization. E-Ticketing (Internet based) dominates seat sales. Maintain steeply discounted fares to support “better value” theme with passenger. Flight yield management dominated by simple fare regime and direct advertising to fill aircraft.

SKY-BUS BUSINESS MODEL

USA based long haul international passenger airline service linking new startup carrier networks in Europe, Asia and USA using secondary airfields with a reliable high frequency schedule and aircraft utilization exceeding 18 hours in every 24. 100% E-ticketing and information. Single class cabin with increased space per passenger (pro DVT risk reduction strategy) and some group seating. Serve liquid refreshments and light pre-packaged snacks. No hot food service. In-air kiosk selling of expanded refreshment/food/duty free choices. Video in-flight entertainment package. Separate international passenger handling and full security provisions. Employees have significant share in SKY-BUS ownership. Operate one uniform aircraft type with distinctive yellow and black paint scheme.

SKY-BUS INITIAL OPERATIONS

Initial route – London (Luton – hub for EaseyJet/Go) to Orlando, Florida (Sanford – served by many European holiday charter operators and PAN AM domestic services) continue to Portsmouth NH (Pease International – hub for PAN AM and feeder to JetBlue) and then back to London. Operate 2 aircraft one flying London-Orlando-Portsmouth-London other on London-Portsmouth-Orlando-London route expand to 4 aircraft to offer day or night flights either way between Orlando/Portsmouth and London. Unrestricted $150 one way fares, discounted below $99 – profitable flights at 76% Load Factor. Dry lease B767-300ER aircraft operated by own or contract flight/cabin crews. Inventory of 550 seats/day. Marketing includes commercial TV program offered to European/USA TV networks featuring ongoing airline operations (as pioneered by EasyJet in UK). First expansion would include service Orlando/Portsmouth to Dublin (Shannon Ireland – Ryanair Hub) and London (Stanstead – Go Hub). Further expansion to USA West Coast.

SKY-BUS STARTUP PLAN

Takes 12 months from business start to achieve FAA airline certification to inaugurate scheduled flights 1 July 2003. Find and appoint airline proven senior managers. Deploy E-Ticketing and airline operations system within 6 months. Train cabin crew and passenger service agents within following 3 months. Negotiate initial aircraft leases and select baseline aircraft for expanded operations. Market research for routes. Negotiate coordinated flight schedules with domestic partners.

SKY-BUS EXPANDED OPERATIONS

Within 3 years $250MM sales US carrier to European and Asian destinations with all next generation Boeing 767-500 ER fleet. Linking Virgin Airlines (Australia), China National, EasyJet with JetBlue and Pan Am domestic USA networks.

SKY-BUS FINANCING OPPORTUNITY

Establish business and startup inaugural service $12MM. Fund route operations and expansion to breakeven after 12 months airline service $28MM. Longer term financing for new aircraft operations $75MM. Total over 3 years $115MM.

SKY-BUS Executive Summary prepared by Noah Systems Inc. (Oklahoma and Colorado)

6 June 2002. Further information from info@sky-bus.com

8 2002 Noah Systems Limited