New US airline plans to sell 'condo' seats on N.Y.-L.A. route

Next March, you may hear a Los Angeles executive arriving at a New York airport say ''I did - really. Flew all the way here on that condominium.'' What he will mean is that he crossed the country on Bicoastal Air, which next year will fly 98-pas-senger refitted Lockheed Tristars on this route.

But a flying condo?

That's the multi-ownership concept developed by this new air transport service. A limited partnership is being arranged to buy and refurbish Tristars for lease to Bicoastal. The airline will in turn seek investors - mostly corporate - willing to participate in the venture at the $200,000 level.

Put together for companies with frequent coast-to-coast executive travel, Bicoastal expects to charge 40 percent less for individual seats than normal airlines charge for first-class tickets. Space not used could be resold by the condo owners or returned to the airline itself for resale, officials said.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK