Neeleman’s “Moxy” Startup Orders 60 Airbus A220-300 Aircraft

David Neeleman’s new airline startup that currently goes by a working name Moxy yesterday placed an order for 60 Airbus A220-300 at the Farnborough Airshow in England.

Airbus A220-300 M

Neeleman who is currently CEO of Brazilian airline Azul and owns part of Portuguese airline TAP plans to launch the airline in 2021. Neeleman was the founder of JetBlue but was ousted from the airline.

Here’s an excerpt from CBS News (access their piece here):

JetBlue Airways founder David Neeleman is launching a new airline, with a startup backed by the aviation entrepreneur buying 60 Airbus A220-300 jets worth $5.4 billion.

“After years of U.S. airline consolidation, the conditions are improving for a new generation of U.S. airline to emerge,” Neeleman, the majority investor in the endeavor, said in a statement released during the Farnborough air show outside London. “The A220 will enable us to serve thinner routes in comfort without compromising cost, especially on longer-range missions.”

Conclusion

It is about the time that US sees a new airline start-up. After all the consolidation over the past decade or so, you have seen countless airlines (and competition) to disappear and passengers are footing the bill as a result.

Usually, these airline start ups don’t get off the ground but Neeleman has such a great track record with Morris Air, JetBlue, WestJet and Azul that I certainly wouldn’t bet against his success yet again.

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