JetBlue founder David Neeleman is starting a new airline dubbed “Moxy” in investor presentations. The new venture took a step forward with a tentative deal to buy 60 Airbus A220-300s. A memorandum of understanding between Airbus and Neeleman’s group was announced at the Farnborough Airshow in England on Tuesday.

“After years of U.S. airline consolidation, the conditions are improving for a new generation of U.S. airline to emerge, focused on passenger service and satisfaction,” David Neeleman said in a statement. “The A220 will enable us to serve thinner routes in comfort without compromising cost, especially on longer-range missions. With deliveries starting in 2021, we will have ample time to assemble a world-class management team and another winning business model.”

The airplane deal is worth $5.4 Billion based on list price though most orders or this size include steep discounts.

Neeleman’s new venture is seeking to fill a gap left in the market from airline consolidation. With fewer airlines to choose from customers are increasingly being forced to fly on full-service carriers which connect through a shrinking number of increasingly busy hub airports.

According to Airline Weekly “the startup sees big opportunity in smallish airports, detecting consumer frustration with increasingly congested mega-hubs in regions like the U.S. northeast and west coast. Consolidation, it says, has reduced options while creating a “comfortable oligopoly” of carriers with high fares and higher-than ever profits.”

Airline Weekly said likely places for service include Providence; Orlando Sanford; St. Petersburg, Florida; Phoenix-Mesa; McClellan-Palomar near San Diego; Newburgh/Stewart, New York and Trenton, and New Jersey.

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A220 Features Unique Capabilities

The Airbus A220 is in a class of its own due to its size, range, and operating cost. The airplane is a new design capable of flying Mach 0.78 up to 3,300 nm. The two variants of the airplane share significant parts commonality, with the larger -300 variant purchased by Moxy being 12.2 feet longer.

The airplanes empty weight is 2,500 lighter than conventional airplanes through the use of aluminum-lithium for the fuselage and resin-transfer-infused carbon fiber for the wing. The A220 is powered by Pratt & Whitney PW1500G geared turbofans. The large fan turns slower than previous generation turbofans due to a 3:1 reduction gearbox between the turbine engine core and fan.

The Airbus A220 interior is arranged in 2 by 3 seating in economy class. Cabin windows are the largest in the single-aisle class and cabin noise is among the lowest in the industry.

About Greg Thomson

Greg started his professional pilot journey in 2002 after graduating from Embry Riddle. Since that time he has accumulated over 7,000 hours working as a pilot. Greg’s professional experience includes flight instructing, animal tracking, backcountry flying, forest firefighting, passenger charter, part 135 cargo, and flying for a regional airline. Greg took a 5 year hiatus from flying and worked in software development and marketing. He has since returned to flying as a cargo pilot. Greg enjoys educating and helping pilots improve their professional lives and is passionate about applying technology and new methods to help with traditional challenges.