Nick Magliocchetti the CEO of the UK startup ‘Waves’ hopes to revolutionise the way we travel by launching ‘UBER’ for air with on-demand flights.
Magliocchetti founded Waves after moving to Guernsey and realising how difficult it was to travel between the Channel Islands as it is reported to be one of the most expensive per mile flights in the world and has just one airline doing the trips.
The on-demand airtaxi service for both passengers and freight will launch this week and will operate between the Channel Islands with plans to expand operations to northern Europe and Southern England in 2018.
Waves do not have the intention to compete with existing operators, however simply recapture the 100,000 people that have stopped using air services in the location.
The startup is now in the final stages of testing its booking system, security app and customer experiences from booking, check-in, boarding and disembarkation. Magliocchetti says that the feedback so far has been amazing.
The next steps for the company is raising half a million pounds to expand its licensing areas, recruit more pilots and fly to more destinations.
Significant research and development has been carried out through developing and launching this startup business. As a result Waves are eligible to obtain a significant rebate on the R&D expenditure accumulated. The available tax relief on R&D activities is very generous, to find out more contact a Swanson Reed R&D specialist today.