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 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.
His latest start-up airline will be based in the United States.
The airline will provide direct flights that bypass the hubs aboard the industry’s newest and most efficient single-aisle aircraft, and will drive time and cost efficiencies for its passengers.
“The A220-300 is the right airplane for a new airline that will be focused on passenger service and satisfaction,” said Neeleman. “With a low cost of operation and spacious cabin, the A220 will allow us to provide passengers with lower fares and a high quality, comfortable flying experience. The A220’s ability to operate profitably in thin, underserved markets across a broad spectrum of ranges is unique.”
Declan Kelly, chief commercial officer of GECAS, added: “We’re exceptionally pleased to be a partner in David Neeleman’s vision and excited to welcome ‘Moxy’ as a new customer of GECAS and the A220-330 as a new type in our fleet.
"The A220 is ideal for this new venture – the new type is uniquely suited to serve smaller markets by providing the range needed for point-to-point operations with the right economics.”