Start-up FlyA seeks A330s for launch

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Start-up carrier FlyA is in the market for the lease of Airbus A330 aircraft as it aims to launch operations in 2013.

The new carrier, which is led by former Flybaboo founder and chief executive Julian Cook, is seeking two A330-300s under operating lease agreements.

FlyA is currently raising funds and targets the start of operations in 'nine to 12 months time'. It will offer long-haul low-cost services to various points in North America.

In October 2009, Norwegian start-up Feel Air announced plans for to establish itself as a long-haul, low-cost operation between Scandinavia, the USA and Asia two new A330-200s. The airline raised $37 million of starting capital from Norwegian sources, which include state equity investment vehicles. However, Feel Air said last September that due to the economic climate it was too risky to begin operations in 2011.

Norwegian initially considered the A330 type for long-haul operations, saying a fleet of five would enable the airline to keep costs down. The Scandinavian budget carrier later selected the 787 model and plans to launch its long-haul operation in 2013.