A Shore Thing for Our Crews
As our long-haul fleet grows, so does our crew count — fast. Each aircraft needs 5–6 full crews, meaning our 12-jet operation will soon rely on over 1,200 crew members. That’s a steep climb from the initial 200. To house them in comfort and style, we’re planning a dedicated seaside crew resort, built in stages to match our expansion.
Think 400 to 1,200 flats, developed in 2 or 3 phases, spread across one or two scenic coastal spots.
Why a seaside resort? Glad you asked.
- It’s a magnet for talent. Who wouldn’t want to live and work where others vacation?
- Well-rested crews fly better. A calm coastal base means happy, focused staff.
- Quick airport access. All three of our target airports — Las Palmas, Tenerife South, and Lanzarote
— have prime seaside plots just minutes away. - Local job creation. Building and maintaining the resort means new opportunities for local communities.
In short: great location, happier crews, smoother ops — and a boost to the local economy. Everybody wins.
| CanAm Crew Quarters / Resort | ||
| (Estimate with 500 Appartments) | ||
| Estimate lower end | High-end Total Cost: | |
| Construction: | 30.000.000 € | 75.000.000 € |
| Utilities: | 250.000 € | 1.250.000 € |
| Amenities: | 5.000.000 € | 20.000.000 € |
| Permits and Fees: | 1.000.000 € | 2.000.000 € |
| Contingency (10%): | 3.625.000 € | 9.825.000 € |
| Land: | 500.000 € | 2.000.000 € |
| 40.375.000 € | 110.075.000 € | |
| Average Cost: | 75.225.000 € | |
| Details: | ||
| 1. Land Acquisition | ||
| The cost of land around the Airports of Las Palmas and Tenerife south is still quite low since there is enough industrial area, and subsidies for new projects available. | ||
| 2. Construction Costs | ||
| Construction costs also vary based on location, materials, labor, and the quality of construction. On average: | ||
| – Low-end Construction: €1,200 per square meter | ||
| – Mid-range Construction: €2,000 per square meter | ||
| – High-end Construction: €3,000 per square meter | ||
| For 500 apartments of 50 square meters each: | ||
| – Total area = 500 apartments * 50 sq. meters = 25,000 sq. meters | ||
| Construction Cost Estimates: | ||
| – Low-end: 25,000 sq. meters * €1,200/sq. meter = €30 million | ||
| – Mid-range: 25,000 sq. meters * €2,000/sq. meter = €50 million | ||
| – High-end: 25,000 sq. meters * €3,000/sq. meter = €75 million | 30.000.000 € | 75.000.000 € |
| 3. Utilities and Infrastructure | ||
| Utilities include plumbing, electrical, HVAC systems, internet, and other necessary infrastructure. | ||
| – Estimated cost: €10 to €50 per square meter | ||
| For 25,000 square meters: | ||
| – Low-end: 25,000 sq. meters * €10/sq. meter = €250,000 | ||
| – High-end: 25,000 sq. meters * €50/sq. meter = €1.25 million | 250.000 € | 1.250.000 € |
| 4. Amenities | ||
| A resort typically includes amenities such as swimming pools, fitness centers, restaurants, and landscaping. | ||
| – Estimated cost: €5 million to €20 million, depending on the number and quality of amenities. | 5.000.000 € | 20.000.000 € |
| 5. Permits and Fees | ||
| Obtaining necessary permits and meeting regulatory requirements. | ||
| – Estimated cost: €1 million to €5 million | 1.000.000 € | 5.000.000 € |
| 6. Contingency | ||
| A contingency budget of 10-20% is typically added to account for unexpected costs. | ||
| – Estimated contingency: 10-20% of the total project cost |