You are here: Home »  News » 


News » 

Business-only carrier launches crowdfunding drive

Published: 06/05/2014 - Filed under: News »

  • Print
  • Send

Start-up carrier Odyssey Airlines has taken the next step towards launching all-business class transatlantic flights from London City airport, with the launch of a crowdfunding drive.

Business Traveller first reported on Odyssey’s plans for a business class-only service between LCY and New York back in 2011 (read our report here), and until recently there had been few updates from the start-up.

But the carrier is now back in the headlines with the launch of a drive on equity-based crowdfunding website Crowdcube, which confirms that:

“Odyssey Airlines Limited (“Odyssey”) is a new business class airline venture that aims to be the first and only airline to operate non-stop transatlantic services from London City Airport.

“Over five million has been invested to date including influential investor Jon Moulton.”

According to the Crowdcube website (as of May 6), £261,980 has been raised of the initial £1 million funding target.

Odyssey’s Facebook page says that it aims to “begin offering premium non-stop business class services direct from London City Airport to other major cities worldwide from 2016”, using new Bombardier CSeries aircraft fitted with “the longest fully flat beds in the commercial market”.

If the carrier is successful in launching flights between LCY and New York, it would compete with British Airways’ existing all-business class service.

BA uses A318 aircraft on the route, stopping in Shannon airport on the outbound flight to refuel, but Odyssey says it would offer a non-stop service.

flyody.com

Mark Caswell

What do you think of Odyssey's chances of success? Join in the discussion on our forum.

Read more about...

Bookmark with:

COMMENTS » 

TiredOldHack - 07/05/2014 09:01

Looks like SilverJet and MaxJet were just ahead of their time.

That said, this does look like a highly speculative investment :-)

ADD A COMMENT » 

Login details

To add a comment, please enter your email address and password.

Keep me signed in until I sign out

New users

If you are not already registered with us, please enter your email address and chosen password above, and also complete the details below. Your screen name will be displayed on our website.

Your message





TOP SECTIONS »

Restaurant check: The Strand Dining Rooms

Restaurant check: The Strand Dining Rooms

We review this new eatery, which opened in a prime spot at the start of the Strand, next to Trafalgar Square, in early July
Read more »

British Airways A380: What you need to know

British Airways A380: What you need to know

The national airline has six superjumbos in its fleet with another six on order and due to be delivered by 2016
Read more »

Qatar Airways opens premium lounge at Hamad International

Qatar Airways opens premium lounge at Hamad International

The 10,000 sqm Al Mourjan Business Lounge is spread across two levels and can house up to 1,000 guests
Read more »