Entrepreneur plans ‘breakthrough’ regional
It doesn’t have any airplanes.

It doesn’t have any airplanes. In fact, it doesn’t even have a name yet. But Matt Andersson has nevertheless announced the intent of his company, Aviation Development Holdings, to launch “a clean-sheet, breakthrough regional airline jet service, independent and decoupled from the major airlines.”

The launch comes after a year-long, independent feasibility study dubbed “Project Mint.” “It was obvious that the old business model for an airline doesn’t work anymore,” said Andersson. “Something’s wrong, and the airlines are doing nothing to solve the problems. So we started Project Mint.”