Low-fare Airlines

Another Low-fare Airline in the Works? - SFGate

Excerpt from SFGate

JetBlue founder eyeing a new carrier serving smaller airports

If anyone has a successful track record in staring up new airlines, it’s David Neeleman. And now the founder of JetBlue and Brazil’s Azul is reportedly planning to try his luck in the U.S. market again by launching another new carrier here.

The report comes from the trade publication Airline Weekly, which said it heard about Neeleman’s newest project from two persons “familiar with his plans,” and said it has also seen a presentation on the new airline. The publication said it contacted Neeleman directly, but he refused to comment.

In any case, the publication says that Neeleman’s new U.S. airline will be called Moxy. (It’s not clear if that name might face a challenge from Marriott International, which already has a hotel brand named Moxy.)

The new airline is reportedly amassing start-up capital of $100 million, provided partly by Neeleman himself and two partners – Robert Milton, a former CEO of Air Canada; and Henri Courpron, the former CEO of ILFC (International Lease Finance Corporation), one of the world’s largest lessors of aircraft to commercial airlines.

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