General Electric Co.’s jet-leasing unit agreed to provide the first nine aircraft for a new U.S. carrier planned by David Neeleman, advancing the entrepreneur’s plan to create a low-cost, technologically advanced airline.
GE Capital Aviation Services and Neeleman signed a letter of intent for the purchase and leaseback of nine Airbus SE A220-300 planes that will be delivered in 2021 and 2022. Neeleman previously signed an order for 60 of the planes to supply the new carrier, which has the code name Moxy.
Neeleman, leading a group of investors in the new airline, plans to begin hiring staff in earnest late this year. He has revealed few details of his plan but has said the carrier likely will be based near a technology center other than Silicon Valley. Neeleman’s past startups include JetBlue Airways Corp., Canada’s WestJet Airlines Ltd. and Brazil’s Azul SA.