JetBlue founder to launch new US based airline
Serial airline entrepreneur David Neeleman is reportedly planning another airline startup.
The JetBlue Airways founder is raising funds for a new US low-cost carrier, according to Airline Weekly.
Neeleman hopes to secure about $100 million to get it off the ground.
The airline will be called Moxy Airways and will focus on underserved secondary airports in the U.S.
Citing people familiar with the matter, it says orders have been agreed for 60 Bombardier CS300 aircraft which will start arriving in 2020.
Moxy will operate a point-to-point flight model to keep a check on costs, according to an investor pitch presentation.
Neeleman has declined to comment so far but if it takes off, Moxy would become the second largest Bombardier CSeries customer in the US after Delta Air Lines.
Apart from JetBlue, Neeleman also helped to establish WestJet Airlines and Brazil’s Azul.
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