# The Model of the Virtual Air Carrier as a Concept for the
## 2 Literature Review
### Virtual Airlines as a Part of the Air Transport Market
In this case, the competitive environment is extremely strong, not only between Bratislava and Vienna airports, but also at Kosice airport with majority owner--Vienna airport. At the same time, the study also adds the fact that Slovakia is not one of the sought-after tourist destinations. This means that in the case of the creation of the concept of any air carrier in Slovakia, the country would have to spend a large amount of funds to make Slovakia more attractive as a tourist destination [34]. Another study from the 2020 also dealt with the situation at Slovak air transport market and the possible concept of a new air carrier, which considered the starting points arising from the current state of the civil air transport industry in the Slovak Republic. The proposal of the very concept of the carrier was preceded by a macroeconomic analysis of the air transport market in the Slovak Republic, which provided the primary key to determining the potential of the air carrier and its economic importance. As part of the methodology, the author worked with several data, such as the regional GDP per inhabitant expressed in purchasing power parity, the unemployment rate, and the real wage in the Slovak regions. The results showed that air transport in the Slovak Republic is closely linked to the economic prosperity of individual regions. Statistically, it was confirmed that the regions of western Slovakia belonging to the catchment area of Bratislava airport had the greatest market potential. Within this region, the largest outflow of passengers to foreign airports was observed, especially to Vienna airport. The problem of the outflow of passengers also manifested itself at other airports in the regions of northern and eastern Slovakia. The behaviour of passengers, thus, indicates an unsatisfactory offer from air carriers and the necessity of looking for alternative transport solutions. The character of the air carriers is essentially low-cost, despite their successful establishment on the market, demand was also observed for traditional carriers. Several traditional carriers operate at the Kosice airport, and the demand for their services has also been confirmed, even though eastern Slovakia is according to the results economically the weakest. Compared to other countries, air transport in the Slovak Republic is significantly undersized, and its unavailability also affects consumer behaviour. Passengers with a final or starting destination in Slovakia are forced to look for alternative means of transport, or even competing airports, which has significantly increased their time tolerance for transport. The Slovak market is relatively small, which, however, does not represent an obstacle that an air carrier could not be established in such a market. According to the study, there is a potential for the creation of a new air carrier in Slovakia, as well as a sufficient market for its scope. The only threat could be competition from other air carriers. The entry of a new air carrier with the right business model could bring air transport services and raise the overall level of air transport in Slovakia [35]. Legislative Requirements for the Establishment of a Virtual Airline in the Conditions of Slovak Republic  
The establishment of any company is a serious decision, but on the other hand, starting a business and its sustainability it can be even more challenging. It is necessary taking into account the initial investment, but also the fact that economic competition is uncompromising and tough. Weak players may not be able to stay at market and in this way, they can quickly finish their operation and business. Therefore, it is important to constantly learn, monitor market changes, changes in the legal system, but the ability to adapt to conditions under any circumstances is also important. Later the business model is as successful as is it possible. If we are talking about the establishment of a virtual airline in the conditions of the Slovak Republic, we are based on the provisions of Act no. 513/1991 Coll.