Feel Air has raised $37 million start up funds to dry lease two Airbus A320 and plans to operate Stockholm and Oslo to New York and Bangkok. The new airline hopes to start operating the low cost long haul flights in time for the lucrative Easter break in 2010.

No doubt the fledgling airline has already been engulfed by job applications but aviation analysts are quick to point out the the failure rate among new airlines is high and long haul airlines in particular are very sensitive to oil price spikes and downturns in economic fortune. The seasonality looks good. It is well known that airlines usually make money on New York routes in the summer but lose money in the winter while Thailand is very popular amongst Scandinavians with many Norwegians and Swedes investing in property and timeshare there.

How do you rate Feel Air’s chances of success ? Please leave a comment below.

Iceland Express is also offering New York flights from Scandinavia

Feel Air livery