JetBlue founder raising funds for new low-cost airline in US

Bloomberg

David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly.
The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter.
The first would arrive in 2020. Moxy is attempting to raise $100 million to begin services that same year.
Neeleman declined to comment, Airline Weekly said. He didn’t immediately return an email from Bloomberg News seeking comment. It’s unclear how far along the airline is in its development. Neeleman, 58, also helped to establish Morris Air, WestJet Airlines Ltd. and Brazil’s Azul SA.
Moxy is designed to maximise the economic advantages of the C Series, along with the use of smaller, secondary airports such as
Providence, Rhode Island, Fort Worth, Texas, and Burbank, California. The advanced jetliner reduces fuel burn due to its modern engines and carbon-fiber fuselage. Neeleman is a long-time supporter of aircraft manufactured by Airbus SE, which has taken a controlling stake in the C Series in partnership with Bombardier. The companies plan to close the deal on July 1.
Moxy has told investors it will sell only point-to-point flights to keep down costs, according to a presentation cited by the publication. But the airline isn’t seeking to mimic ultra low-cost carriers like Allegiant Travel Co. or Spirit Airlines Inc.
Instead, Moxy would be more in line with Neeleman’s past ventures at Azul and JetBlue, where spacious seats and free Wi-Fi combine with some fees for extra services, such as snacks or seat assignments.