GECAS and David Neeleman’s new airline, codenamed ‘Moxy’, have agreed to a Letter of Intent for the purchase and leaseback of nine A220-300 aircraft with deliveries scheduled in 2021 and 2022.
Neeleman, a veteran airline entrepreneur, is the founder of both JetBlue and Azul Brazilian Airlines, and the controlling investor in the consortium which has turned around the fortunes of TAP Air Portugal. Neeleman’s latest startup airline will be based in the United States and will focus on getting travelers where they want to go, quickly, conveniently and inexpensively.
In a shift away from crowded major metropolitan airports to nearby secondary airports and providing direct flights that bypass the hubs aboard the industry’s newest and most efficient single-aisle aircraft, the airline will drive time and cost efficiencies for its passengers.
