Airshare (CVE:SRJ): Uber for charter flights?

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This website allows passengers to list empty seats on a chartered flight for sale

By Chris Parry, Equity.guru

It’s been flying pretty much under the radar for the last few months (pun completely intended), but a new company called AirShare is backing into the Spearmint Resources shell (CVE:SRJ) and, according to rumblings, may have some news out this week.

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The concept has taken a little while to come clear, but here’s how I understand it:

  • A person decides they need a chartered flight to get somewhere at the time they need, but the (let’s say) $10,000 price tag is a bit rich, considering there’d be nine empty seats on the flight.
  • Using Airshare’s website, said passenger can list the empty seats on that chartered flight for sale, and every time another person books a seat, the price per person drops down. If two people are on board, they pay $5k each (let’s say), and if 3 more book on, it’s now $2k each. Fill the flight and everyone’s getting a great deal.
  • The chartered airlines will enjoy the increase in bookings, the passengers get more flexibility and savings, and everyone’s a winner.

The downside:

There are a lot of companies called Airshare out there. Like, it’s not an unpopular name.

And the business will need to ramp up quickly, to hit critical mass before competitors clamber aboard. There I go again with the airline metaphors.

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