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Airlines around the world were phasing Boeing 747s out of their fleets even before the Covid-19 pandemic devastated the air travel marketplace.
But a nascent carrier called Avatar Airlines has centered its business model around the original jumbo jet. And its executives argue that the current crisis has made entry conditions especially ripe. Avatar is going in a whole different direction than the entire industry. We re not mad and we re certainly not crazy, chief legal officer Michael Zapin said during a recent webinar for potential investors.
If that sounds like an unusual approach to convincing people to part with their money, it s not nearly as out-of-the-box as the Avatar business concept itself.