US start-up has a lot of Moxy

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Introduction
June 21, 2018, © Leeham News: A new US airline secured delivery positions for 60 Bombardier CS300s for deliveries from 2020, according to its business plan circulating this month. Moxy Airlines is led by David Neeleman, founder of several airlines including Morris Air (later acquired by Southwest Airlines), WestJet, JetBlue and Brazil’s Azul Airlines. No application for certification had been filed with the US Department of Transportation as of last week. The plan was first reported by Airfinance Journal June 11.
Summary
  • Business plan says an “order” has been placed for 60 CS300s but also says “delivery positions” were procured.
  • Delivery positions may be those of Republic Airways Holdings.
  • Initial funding of $100m raised.
  • Secondary cities, point-to-point business model.
  • Likely boost for C Series plant in Mobile (AL)—but a suggestion that this fills the line for two years is off base.

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