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Summary
The AIR TRAVELMILE ... a new financialproduct designed for airlines
For theairline, the AIR TRAVEL MILE provides a meansto:
For theconsumer, the AIR TRAVELMILE:
Takes the confusionout of airline ticket pricing
Provides a reasonable,yet profitable, fare
Provides improvedprice predictability
Provides greateraccuracy for budgeting of future travelneeds
Provides an attractiveinvestment
Fundamentally,the AIR TRAVEL MILEworks as follows:
The consumer obtains this right to the AIR TRAVEL MILE benefit bypurchasing (investing in) an AIR TRAVEL MILE financialinstrument issued by an airline. These instruments may beissued either privately or publicly and are primarily structured asbonds, debentures, and/orstocks; however, there are otheroptions.
The known rate per mile makes thefare easy to compute. It is always significantly lower than the standard walk-up farefor most given flight segments and should have fewer, or no,restrictions. It willalways be a profitable fare for the airline. All three seat-classes maybe provided: first, business, and coach.
By the issuance of theseinstruments, which are custom-engineered by the issuing airline foroptimum financial and marketing results, theairline gains not only significant newcapital (see New capital page for estimates, under Newproducts), but also a loyal and profit-paying customer. Additionally, the airline has stimulated interest initself and public air travel while effectively and profitablyresponding to the growing demand in the marketplace for lowerfares.
By purchasing (investing in) theseinstruments, the consumer has obtained the right to futureair travel at reasonable and predictable rates on the issuingairline. He also owns an attractive investment in thatairline. By reason of this relationship, he is now a moreloyal customer and, probably, a more satisfied customer aswell.
TheAIR TRAVEL MILE, which utilizes conventional financialinstruments with a much different approach, is a breakthroughconcept that can take marketing of the air travel product andsecurities to a new level. It requires a change in thinking,however. But onceunderstood, its feasibility and power become obvious because of itssimplicity and win-winconsequences.
Additional informationregarding AIRTRAVEL MILE product examples, newcapital estimates, concept rationale, market analysis, technicalfeasibility, endorsements, conclusions, and FAQs is included inthis overview. Please view them separately on theirrespective pages under Newproducts.
PATENTPENDING: The AIR TRAVELMILE is a derivative of theConsumer Participating Financial Instrument(a new financial conceptdeveloped by GEC) and one of many other like-structuredConsumer Participating Financial Instruments also beingdeveloped by GEC for other industries. The Consumer Participating FinancialInstrument and all of its embodiments, including the AIR TRAVEL MILE, meet all of therequirements for patentability under U.S. patent law. Therefore,patent protection has been applied for in the United Statesand also internationally under the Patent CooperationTreaty. It is currently pending.
Use of theAIR TRAVEL MILE, or any other Consumer ParticipatingFinancial Instrument, must be approved by execution of awritten licensing agreement with GEC.
Please contact GEC directly to obtain more detailedinformation about the AIR TRAVEL MILE and the licensingrequirements for its use.
Patent pending
