JetBlue founder raising funds for Moxy
A report by Airline Weekly explains David Neeleman, who started JetBlue Airways Corp. in 2000, is raising money to launch a new low-cost carrier focusing on the use of secondary U.S. airports.
June 19, 2018 By Wings Staff
The story continues to explain the new spinoff, to be called Moxy Airways, has placed an order for 60 Bombardier C Series aircraft, with an emphasis on the C300 model. The aircraft could possibly be built in Mobile, Alabama, based on Airbus and Bombardier’s recently announced plans to start a second C Series final assembly line dedicated to supplying U.S.-based customers.
Airline Weekly notes Neeleman declined to comment on its original article published late Sunday, while the Montreal Gazette also indicates Neeleman did not immediately return a Monday-morning email from Bloomberg News, whose report was picked up by national and international news organizations.
Citing people familiar with the matter, Airline Weekly explains Neeleman is initially focused on raising $100 million to have Moxy begin flying by 2020. In addition to JetBlue, CNBC explains Neeleman started Brazilian airline Azul and is an investor in TAP Air Portugal. He was also one of the leaders who established WestJet Airlines and Morris Air.
The Montreal Gazette reports, that with its 60 CS300 orders, Moxy would become the second-largest C Series customer after Delta Air Lines, which is acquiring 75 of the smaller CS100 model. Delta plans to begin service with the plane next year.