It gets better...
Will West Viginia get its very own Skybus?
In case you missed this news from last week, Skybus founder John Weikle says he has his sights set on
creating yet another airline that will use the ultra-low-cost model. And if you thought Skybus' practice of running nearly all of its flights through Columbus would be tough to pull off, wait until you here where Weikle would base his latest start-up:
Yeager Airport in Charleston, West Virginia. Cash is already being assembled to start the airline, currently dubbed "Project New Horizons." Several Charleston-area investors –- including local convention and visitors bureaus -– have already put up $3 million in seed money, according to
The Charleston Gazette.
Still, the backers of the would-be start-up have a ways to go to turn the effort into reality. With the seed-money in hand, Weikle says he will now try to raise an additional $40 million from investment banks –- something he says could have the carrier operational by December provided that he can raise the $40 million by summer's end. Though the project is likely to have its fair share of skeptics, Charleston Mayor Danny Jones tells the
Gazette "the prospects look very good" the funds could be raised. As for the $3 million in seed money,
The Columbus Dispatch notes that's "the same amount that was raised for Skybus in Columbus that led to an eventual $160 million in financing from major investors."
Weikle envisions a Charleston-based ultra-low-cost carrier that -– like Skybus –- will offer low fares and charge for everything it can. He says the carrier "will offer point-to-point service" but no connections, linking Charleston to destinations not already served by major carriers. Weikle thinks the carrier could serve as many as 15 cities out of the West Virginia capital. (Charleston-Punta Gorda, anyone?) As evidence of demand from Charleston, Weikle points to now-defunct Independence Air. While he acknowledged that carrier's flawed business model, he points out its low fares were successful in stimulating demand. He thinks the ultra-low-cost business model and point-to-point service –- coupled with low fares –- will allow Project New Horizons to succeed where Independence failed.
Local officials think the project is worth a shot. Yeager Airport Director Rick Atkinson says: "There will be some people who will say that it's too far out of the box, but I think it's a risk worth taking."Kent Carper, president of the
Kanawha County Commission that funds the airport, tells The
Dispatch: "You can try to bring in an established low-cost carrier, which we have tried. The second choice is going with a new option like this." He also promised more changes for Charleston. He says to the
Gazette "we're not putting all our eggs in one basket with this plan. Another airline announcement will be coming soon at Yeager, and it will be significant."
http://blogs.usatoday.com/sky/2008/03/west-virginia-s.html