Airline travel can be big business and as long as you're creative and have access to a good market, starting one could even prove to be the best decision in your life. However, the key to succeeding in this type of venture is really careful planning and design, particularly during the initial stages. If starting an airline charter business is your dream, here are some things you need to know:
Get a solid background on the industry.
If you know nothing about the airline charter business or just have a vague idea how it's done, launching a startup now is like skating on thin ice in the dark. This could potentially be a very expensive venture and if you don't watch out.
Try to research the industry first – talk to people involved, specifically those who actually work in the field. You'll find that it will be easier to talk to industry insiders from locations you don't intend to do business in, simply because you don't present a threat to their business.
Determine how well the industry has been performing in the past and present, find out what its problems and challenges are and most importantly, identify its unique needs. You could just use this information to help you design a unique service that could help get you a slice of the market share.
Find out about licenses, permits and regulations.
The airline charter industry follows several regulations from agencies such as the Federal Aviation Administration, the Federal Office of Civil Aviation and the Chamber of Commerce. There are also licenses and permits you need to obtain not just for your airplanes (you'll have to obtain licenses and permits for each unit) but also for your pilots and the crew. Food concessionaires, servers and airline personnel, if you hire them, might also be required to obtain permits and licenses themselves.