New airline waits in the wings

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WASHINGTON -- A proposed new entrant named Primaris aims to offer all first-class service at prices 70% below major airline unrestricted coach fares.

In an application filed Friday, Primaris told the Transportation Dept. it has $65 million in initial working capital and plans to launch service by this summer -- if it can obtain the necessary governmental approvals from the DOT and FAA in time.

Primaris said it would begin service with three leased 757-200 aircraft configured for 100 seats, and plans to grow that number to 15 aircraft within the first year.

Although based in Las Vegas, the company's first-year projection envisions service between New York and eight major metropolitan markets in the U.S., Canada, France and Germany, as well as Boston-London (Gatwick).

Mark Morris, one of the leaders of the new venture, tried the same concept, unsuccessfully, with Air One from April 1983 to December 1984.

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