B6 Looking to Create ULCC..PVD, SFB Possible Hubs

Providence may be featured in future plans of the new Moxy Airline — the first significant new airline in America in a decade. According to a report in Airline Weekly, Moxy is the brainchild of David Neeleman - the founder of JetBlue.

“[Moxy] One that promises to make a big impact. One that’s the brainchild, no less, of none other than David Neeleman….According to the source and the presentation, he plans to launch a new airline that’s for now called Moxy, armed with $100m in startup capital. Some of that money comes from Neeleman’s own pockets. Some comes from former Air Canada CEO Robert Milton and former ILFC CEO Henri Courpron. With a war chest this substantial, Moxy helps ensure it can withstand a likely barrage of defensive measures from incumbents, including capacity and fare wars,” according to the reports.

"The world’s most prolific – and, arguably, successful – founder of pleasantly unconventional airlines is returning home from Brazil to launch his third U.S- and fourth North American-based airline," reported Forbes on Tuesday.

"Serial airline entrepreneur David Neeleman walked away – or, depending on whose account of the story you believe, was pushed out – of JetBlue, the most famous and successful of the airlines he has started, back in 2008. But months later he launched a copycat carrier in Brazil called Azul (“blue” in both Portuguese and Spanish), which today ranks as South America’s third-largest airline," adds Forbes.
Today, the U.S. has 11 major carriers. All 11 were around 10 years ago. And 10 of the 11 were around 20 years ago and all of them are making money.