To write a successful airline business plan, you must take several important trends in the airline industry and broader economy into account. What affect will these important trends have on the new airline?
- Continuing volatility in oil and other commodity markets
- A decline in personal disposable income as the economy slows
- Anxiety over flying and travel restrictions as a result of terrorist attacks and war
- Recent financial hardships and bankruptcies of major airline companies
Important Airline Business Plan Questions to Answer
To write a convincing airline business plan and successfully launch your new airline, you must have confident answers to the following questions:
- What is the market demand for your new airline business?
- How will you prove the feasibility of your new airline?
- What kind of financing will you need, and how much?
- What types of investors will you seek capital from?
- What relevant past experience does your management team have, which you can leverage in your business plan?
- What strategic partnerships will you forge?
- What is your marketing plan and how will you grow your airline’s customer base?
- What are your airline’s future financial projections?
- What is your new airline’s “unfair competitive advantage” and how will you create barriers to entry?
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