Shpadoinkle’s September Situation

Aircraft – Our most exciting acquisition is a new Embraer ERJ 145, a regional jet airliner with capacity for 50 passengers! Getting a “large” jet airliner has always been a goal that I’ve sidelined due to correctly prioritizing FBO acquisitions. The FBO market has been not very good for the past few months so with the help of some personal flights and passive profits (more on that below) I’ve saved up enough to snag one of these puppies. I would have liked an ERJ 170+ series with the under wing engines (I’m a real boy!) but the FSE Board of Director has made its position on larger RJs very clear – allowing ownership was a “mistake” and future large RJs will only be considered for all-in jobs.

Repositioning – We’ve stationed the ERJ at KSJC and moved some other aircraft around: the ATR 42 is now on the KMAF-KHRL route, and the ATR 72 has been repositioned to the ZWWW-ZMBS route, where its 68 passenger capacity has the highest chance of high utilization due to rich amount of system passenger jobs.

Profitability – For the past few months, the DKL network has managed to turn a passive profit, thanks to ground crew fees from high value cargo jobs and the pilots who fly them. This is great news for our shareholders (me), but whether it is good for the fseconomy economy as a whole for FBOs to be so profitable is yet to be determined. My network was not profitable just 7 months ago, but my network is also heavily biased toward large airports located at nation/state capitals, so my experience is not representative of every FBO owner. So with these caveats – FBOs have become better investment vehicles than the money sinks they were in the past, at least for me.

Network Changes – After being on the market for months, the FBO at ZJSY has finally found a buyer. We’ve also expanded the FBO at NZOH to the full 3 lots at great cost. My profits have been reinvested in increasing the fuel reserves at our FBOs, and I’m no longer considering liquidating the Antarctic FBOs. Our current 7 continent, 44 FBO network will stay the way it is for the forseeable future.

The One Map – FSE now has a new feature, The One Map. It’s pretty cool that FSE has moved to an Open Street Map based platform where the map doesn’t have “development purposes only” watermarks. The downside is the old aircraft map link no longer works. The FBO map link still works however.

Microsoft Flight Simulator (2020) – is released! It’s pretty cool, and the best features are 1) photorealistic default scenery (of course) and 2) the AI copilot that can complete an entire flight unassisted. It’s a demanding game though, my Ryzen 3900x/ RTX 2080ti can barely handle it – but it appears better optimized than X-Plane. I personally haven’t yet tried to fly MSFS 2020 with FSE.

There has been a massive influx of activity as a result of the MSFS (2020) release, although I do not foresee a proportional increase of profit. The biggest effect of additional sign ups is reduced job availability and increased use of my rental aircraft, the latter of which I’m happy to see. I’m waiting to see if/how the FSE BoD plans to increase FSE’s capacity, both in terms of real life infrastructure and virtual properties/jobs.

The MSFS MSRP is pretty steep so I’m happy to stick with the base version offered by the xbox game pass- an excellent value if you plan to play more than one game from their offering of many AAA titles. I have not tried to mod the game yet, but I know from my attempt to rip the Hearts of Iron soundtrack that the Game Pass installation folder is locked down and difficult to access.

Covid – this virus has bigly delayed my RL development but I’m getting back on track. If nothing else bad happens in the next month or so (lol) I could be getting a shiny new rating

Shpadoinkle Aviation Holdings End of Month Report

For the month of April, Shpadoinkle and its subsidiaries did well.

  1. FlyMAF

FlyMAF reported a company profit of $93k and $884k in assignment throughput as its chief pilot completely disobeyed company policy that bans landing anywhere other than KMAF and KHRL. FBO operations number at 100.

2. KSJC

As a major airport, KSJC has always been one of Shpadoinkle’s focus airports for developing traffic and for this month, we achieved 99 flight operations. On the bright side, our 12 month average is now… 69

3. VHSK

As our hub in east Asia, VHSK reported 86 operations – the highest in 12 months.

4. CYBC

Traffic at our Quebec hub dropped to 54.

5. Transcontinental 3000 mile ferry network

I doubt anyone used it, but its still cool to have and I’m never gonna give it up.

6. FBO sales

Many properties in the US Northeast have been liquidated due to falling into disuse. I am confident a buyer will be found for KWAY, yet RCGM remains difficult to sell without incurring massive losses.

7. Aircraft acquisition

Shpadoinkle has acquired a new DC3 (what is this – our third?). Unlike previous DC3s, we plan to keep this one, & at our Iraq hub, where we have sufficient jobs available to achieve a relatively high load factor.

8. 2 FBO networks

Activity at ETNG-LFQJ was low due to an unreliable aircraft delivery contractor. The Challenger 300 is now stationed there. Activity also dipped at our 3 lot 2 FBO networks of OERYxOEPS, FYWHxFYGB, and OEHRxOEJB.

9. YGEL

We are disappointed that the facility owners at YPPH have decided to change the configuration of their facilities. We will continue to offer flights YGEL to YPPH as I am a big fan of real life airline routes (hence the SJC-RNO/SJC-LAX connections)

10. Misc/small FBOs

They are what they are, I don’t expect them to perform well, they are cute to have.

11. Shpadionkle Aviation Holdings

I did $2.6M worth of jobs for the Shpadoinkle mainline, translating to far less in profits while frequently maxing out hours. Its not the most profitable use of my hours but I like longer flights which are a more realistic use of aircraft anyway (not that we don’t have extremely short routes

12. Performance at our rented facility hosts

Were good enough. No reason to evict us.

13. Performance at our destinations

KLAX had less pax, VMMC remained steady, YPPH activity increased (which explains it)

14. FBO income?

Negligible/loss. Shush.

Peace

 

Shpadoinkle Air’s Booking Policy Since 1984

Recently, it has come to our attention that our equal and direct competitor United Airlines (UAL, -999.99%), did some very bad things and mistreated its customers in ways that would make you choose Shpadoinkle Air for your next flight instead. Shpadoinkle Air is proud to announce that in our long and rich history as a silicon valley startup since 1969, we have never participated in the practices of overbooking or involuntary de-boarding.

In 1984 when we discovered overbooking was a thing, we developed a revolutionary customer service policy. At every opportunity, we remind our passengers that: they are our valued customers, some seated passengers were never on the right flight to begin with, and that we were always at peace with Oceania.