Primaris Airlines

[Mosquito]

I am new here, and I know I am out of place here, but reading all these bad news about the majors airlines losing money, I just wanted to post some good news.

NEW YORK -- Primaris Airlines, an upstart carrier that aims to offer all- business-class service between New York and other major U.S. cities as early as May, is expected to announce today that it has raised enough money to order 40 new airplanes from Boeing Co. (BA) and that it will become the first U.S. airline to operate Boeing's new 7E7 Dreamliner, Thursday's Wall Street Journal reported.

The Las Vegas carrier will place firm orders for 20 new Boeing 737-800 jetliners and 20 7E7s. It also has secured options for 25 more 737s and 15 more 7E7s. The total value of the firm orders is about $3.8 billion at list prices. Deliveries would begin in 2007, and would replace leased jetliners that the airline plans to use in the interim.
Primaris now operates a single leased Boeing 757 that most recently was used to ferry the White House press corps. The airline says it believes it has lined up financial backing that will enable it to start a premium service that would do for business travel what Southwest Airlines and JetBlue Airways have done for economy travel, at a time when the full-service carriers have been cutting back on the perks.

Boeing spokesman Tom Downey confirmed that Primaris has secured order positions for both models of airplanes. He said the Chicago-based jet maker was neither surprised nor troubled that a relatively unknown carrier would become the first U.S. airline to order the ultraefficient 7E7.

Wall Street Journal Staff Reporter J. Lynn Lunsford contributed to this report.

Here is the link, http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=704&feed=dji&section=news&news_id=dji-00002120041021&date=20041021&alias=/alias/money/cm/nw

 

[potrack]

An airline with only one airplane talking smack about all these new planes they are gonna buy????

Are they getting a lot of revenue right now from all the flights they are flying with that one plane?

Lets get some info on Primaris.

Capt / F/O pay?
schedules?
domiciles?
contract or union?
retirement?

 

[General Lee]

Sounds like a major GAMBLE to me.......(Get it? I think they are based in LAS......I am sooo funny this dam early in the frickin morning! HAHAHHAHA!)




Bye Bye---General Lee

 

[zonker]

All-Business Airline Orders 40 Jets
Primaris, Ahead of Launch,
Secures Funds for Boeings,
Including 7E7 Dreamliners

By J. LYNN LUNSFORD
Staff Reporter of THE WALL STREET JOURNAL
October 21, 2004; Page D3

Primaris Airlines, an upstart carrier that aims to offer all-business-class service between New York and other major U.S. cities as early as May, announced today that it has raised enough money to order 40 new airplanes from Boeing Co. and that it will become the first U.S. airline to operate Boeing's new 7E7 Dreamliner.

The Las Vegas carrier will place firm orders for 20 new Boeing 737-800 jetliners and 20 7E7s. It also has secured options for 25 more 737s and 15 more 7E7s. The total value of the firm orders is about $3.8 billion at list prices. Deliveries would begin in 2007, and would replace leased jetliners that the airline plans to use in the interim.

Primaris now operates a single leased Boeing 757 that most recently was used to ferry the White House press corps. The airline says it believes it has lined up financial backing that will enable it to start a premium service that would do for business travel what Southwest Airlines and JetBlue Airways have done for economy travel, at a time when the full-service carriers have been cutting back on the perks. "We feel very confident that there is a market out there for what we are offering," said Mark Morris, chief executive of Primaris.

Boeing spokesman Tom Downey confirmed that Primaris has secured order positions for both models of airplanes. He said the Chicago-based jet maker was neither surprised nor troubled that a relatively unknown carrier would become the first U.S. airline to order the ultraefficient 7E7. "We have said from the beginning that the 7E7 would be a catalyst for new business models that might help reinvent the industry," he said.

Several start-up companies, including Legend Airlines and MGM Grand Airlines, have attempted to create all-premium-class airlines in recent years, but they failed because the ventures were undercapitalized and couldn't compete with the major carriers' frequent-flier programs and their pricing power with major corporations. For Primaris, a particular challenge will be that many of the domestic routes it intends to serve are already extremely price-competitive.

There are certain niches where similar business models appear to be working. PrivatAir, a Geneva-based company, has been successful since 2002 in operating Boeing 737 business jets and Airbus A319 corporate jets for Germany's Lufthansa between Düsseldorf and Newark, N.J., as well as between Düsseldorf and Chicago, and Munich and Newark.

Primaris officials say they believe the airline can compete with existing full-service carriers by offering better service at a lower price. All of the company's planes will feature in-flight broadband Internet access, ample legroom and wide leather seats arranged two abreast on either side of the aisle. Mr. Morris said the airline believes it can offer the service for about $80 to $100 more a ticket than a comparable seat on a low-cost carrier. It says it believes it can offer fares between New York and London or Frankfurt starting at $400 to $600 one way.

The airline initially plans to begin nonstop service from one of the New York-area airports to Los Angeles and San Francisco. Over a period of a couple of years, it hopes to phase in service between several major U.S. cities, including Chicago, Atlanta, Dallas and Denver. Mr. Morris said the carrier hopes to use the 7E7s domestically, as well as to serve potential overseas routes to the busiest cities in Europe, Canada and Asia.

Write to J. Lynn Lunsford at [email protected]2

 

[Mosquito]

Seem they got a lot of money by flying the press around, or the ceo hit the jackpot in the casino. Anything can happen now, the Red Sox are in the world Series!

 

[flynlow]

Sounds just like JetBlue's hubble beginings

 

[On Your Six]

Sounds like an interesting idea. However, they must know something the rest of the industry does not know - everyone else is going the LCC route. I'd love to see those 7E7s in action. What was the timeline for the first flight of the 7E7?

 

[Mosquito]

Sounds like an interesting idea. However, they must know something the rest of the industry does not know - everyone else is going the LCC route. I'd love to see those 7E7s in action. What was the timeline for the first flight of the 7E7?

The first 20 737s are for delivery between 2007 and 2010 and the 7E7s between 2010 and 2013.

Check out boeng site for the pics of these planes.

http://www.boeing.com/flash.html

 

[On Your Six]

Hey, I'd like to fly one of those 7E7s. So, I guess I'll apply in late 2007 and hope to fly as an FO on the 7E7 by 2011...

 

[barbarian4]

Hmmm...Legend springs to mind