JetBlue Founder To Start Domestic Airline In Brazil

April 2008 | Corporate Financing News Alert

David Neeleman, the founder and chairman of JetBlue Airways, a US discount airline, has said that he will launch a Brazilian domestic airline which will begin flights in 2009. The airline, which has yet to be named, will be based in São Paulo. Neeleman has raised US$150mn in financing and will purchase 36 Embraer jets worth as much as US$3bn.

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