The potential of crowdfunding for aviation projects
Added on Fri June 5th, 2020
Crowdfunding is defined as “way of raising finance by asking a large number of people each for a small amount of money”. People usually employ it in order to support projects, start-up and other initiatives. However, crowdfunding has never been particularly popular in aviation, because this sector traditionally requires a large amount of funds.
Nevertheless, recent examples show that crowdfunding could be used in aviation with surprising results. Here are some examples:
- Switzerland’s Bern Airport has launched a new campaign of crowdfunding in order to set up the new airline FlyBAIR, that will offer flights to a range of European destinations. A lot of privates and companies have already donated.
- The Eastern Iowa Airport in the US launched a crowdfunding initiative that targeted its customers’ sustainable consciousness. Passengers are invited to watch an informational video when connecting to the airport Wi-Fi. They can also opt to add small donations to their purchases both on-site and online, as well as pick one of four local projects funded by the Wings 2 Water programme.
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