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JOHANNESBURGA new airline is preparing to take the skies next week, entering the service at a time when many airlines are going bankrupt or relying on government bailouts to survive amid the worst crisis that hit the industry severely.
The South African startup Lift is owned by Johannesburg-based leasing company Global Airways. The airline will operate with three Airbus A320 jets on the domestic routes of the country.

According to Co-Founder Gidon Novick, the airline aims to take advantage of plunging startup costs due to an oversupply of idle planes and low oil prices.
“The opportunity is here now to go into the consumer airline space -- especially given the current environment,” Novick said in a phone interview. “The current cost structures are about 40% lower than what it would have cost to start an airline before the coronavirus,"
Novick said.

Lift will make its commercial debut on Dec. 10 between Johannesburg with Cape Town.#
Via (Bloomberg)

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