A new way to fly

Current situation

• Flights are cheaper the earlier you book
• Airlines have to be paid  within 21 days
• If credit is given it is borne by the travel agent
• People tend to miss out on the best price for this reason
• Significant savings can be made by early booking

Game changer

Oportunity

• Be the first to offer consumer finance on flights
• The customer gets the best price
• The Airline gets confirmed seats earlier
• Customers overall price inc finance is less
• More people can plan and pay for travel in a way that suits them

How ?

The Parties involved

• Priceline Group, largest online booking agents in the world
• Datacash, the number one payment processing gateway
• Flight center, world number one retailer
• Gatekeeper credit rating in under 2.5 secs
• Lloyds for captive insurance

Plainly Simple

• Our app integrates all parties allowing a customer to select their payment 
• The customer is credit checked and pays deposit
• Deposit is paid as interest to the acquiring bank
• Bank pays the airline
• If customer defaults ticket is resold at the higher price.

Next steps

Take off

• Raise funding
• Complete software
• Select and agree terms with acquiring banks 
• Do end to end testing with all parties
• Launch on a controlled basis 

Future enhancements

• Bundled insurance
• Include hotel bookings with flights
• Airline premier lounge passes
• Membership program

Important note

• The true cost of a ticket is 50% aprox of face value
• This is the amount of tax and fuel surcharges 
• This is 100% refundable on cancelation
• The true risk of financing the ticket is actually about 50% retail

True Risk of the ticket ( not including instalments already paid)

Discussion

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