The Greater Richmond Partnership is a 501(c)(3) nonprofit organization. Investment may be considered a tax deductible contribution.
The Opportunity
A nonstop international flight puts Richmond on the map for global business. It saves time for local companies, makes our region more attractive for new projects, and helps visitors get here more easily. Site selectors and executives tell us this matters when they choose where to invest.
Why Airlines Need Help At The Start
New long flights are risky. Airlines must pay for a plane, crew, fuel, and marketing before they know if the route will work. Most new routes lose money at first. That’s why many cities offer short-term help to reduce risk until the flight “catches on.” The typical cost to operate a route from the U.S. East Coast to Europe exceeds $50 million per year.
Minimum Revenue Guarantee
What it is: A temporary safety net. If the new flight doesn’t earn the expected revenue during the launch period, investors cover part of the shortfall—up to a cap. If the flight meets or beats the target, no money is paid. This will be required to have a shot at a nonstop, European flight.
Fill out the interest form and consider making a pledge today.
Positioning the greater Richmond region as a competitive international hub for businesses could transform how our businesses, employees, and communities connect to the rest of the world. Jeff WrightCEO, Allianz Partners US
