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Breeze Airways, the new low-cost operator from David Neeleman, founders of JetBlue and Azul, has received $ 83 million in new funding, according to CAPA. The operator now has more than $ 100 million available, which is considered “more than enough to start operations,” the company said in a recent document to the regulator.
Neeleman, who founded JetBlue in 1998 and Brazilian company Azul in 2008, decided to postpone the launch of Breeze because of the pandemic. While 2021 isn’t arriving, the company is working to get Airbus A220 and Embraer 195 certifications and aircraft – the latter are from Azul. In addition, you will need to continue to hire and fully train your team, including flight attendants and pilots.
The new airline’s strategy is to connect cities that are poorly served by major airlines, especially those that have missed non-stop service due to airline consolidation over the past decade.
Breeze’s capital increase was led by investment management firm Peterson Partners and private investment firm Sandlot. Peterson Partners also invested in Neeleman companies when he founded JetBlue and Azul.