When considering whether or not it is a good idea for you to become involved in starting your own airline company. You'll come to the conclusion that there are several elements that require your attention and constant supervision. From all the different elements that need your close scrutiny, there is only one thing you'll need to remember regarding the overall procedure and scope.

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When attempting to start your own airline business, you must make sure you gain approval from the FAA. The Federal Aviation Administration sets the rules and regulations governing the operation of commercial aircraft. The Federal Aviation Administration has very specific standards regarding aircraft operations and they are the ones that determine if you can fly the type of aircraft you intend to. If you don't comply with their requirements, your operation may be shut down until you can demonstrate you can meet their requirements.

 

When you start your own airline business you must follow their policies and procedures or risk your airline license being suspended or revoked. One of the first steps in the process is to create a well-written and well-organized business plan. A well-formulated business plan can provide the necessary direction for your operation as well as serving as a tool to gain approval from the FAA. The key to making a solid business plan is to cover all the bases and have as many facts and figures backing up the direction you intend to take your business.

How to Start an Airline Company - Tips and Advice

 

The next step is to obtain a formal business plan from an accredited broker. The broker's assistance will help you with the legal aspects of your operations, such as acquiring and leasing aircraft, purchasing air routes and final contracting. They will also assist you with the legal aspect of your operations, such as obtaining operating permits and contracts. The broker can also provide you with various aircraft leasing options that may fit your budget and needs.

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After you have a well developed business plan, it's time to start contacting potential aircraft brokers and aircraft management companies to bid on their business. When bidding, you must make sure to always provide the highest level of service, quality products and low prices. The highest level of service usually involves full service broker aircraft management. Full service aircraft management companies typically lease, repair, maintain, and operate their aircraft. Since they will be the ones flying your airplane, it will be important that they are fully qualified and capable of completing the tasks necessary for your operations.

 

Once you have chosen your preferred aircraft brokerage and management company, it's time to begin gathering the necessary information and data for your aviation documentation. This includes everything from performance data to financial and fleet management reports. You need to conduct a thorough analysis of your current market conditions, including competition and industry conditions. You should compile all of this information, as well as complete an operating environment and business plan for your airline industry, before you ever approach a broker or agent.

 

Once you have completed a full analysis of your market situation and an operating environment, it is time to prepare and submit your application for Federal Aviation Administration (FAA) approval. You may want to use an online filing software program to help you with this process, as it will allow you to input all of your required documents in one place and then electronically submit them for approval. Once all of your documents are approved, you will be required to submit your application, along with any financial statements, flight manifests, airport leases, and all other materials that pertain to your business, to the FAA. It is important to note that all of these items must be accompanied by a current business plan, which will help the FAA properly determine your application's suitability as an actual airline operation.

 

Once your application has been accepted, you will be required to proceed with the formal steps involved in obtaining an actual pilot license. You may want to consider contracting with a third party company that can assist you in this process, especially if you do not have much experience with the aviation industry. The three main types of licenses required by the FAA are a multi-engine aircraft, a single-engine aircraft, and a gas operated aircraft. While some small businesses may choose to apply for an executive license, it is recommended that you seek the approval of the local division in which you plan to operate your business first. While it is possible to obtain both a single and multi-engine license, doing so may affect future employment opportunities.

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