Startup Breeze Airways secures $200 million in funding
The American low-cost startup airline Breeze Airways has secured $200 million in new funding, three months after launching operations.
Led by BlackRock and KnightHead Capital Investment as well as the airline’s existing investors, including Peterson Partners and Sandlot Partners, Breeze Airways has raised a total of $300 million in startup capital.
The secured capital was “more than any other US startup [has secured - ed. note] within three months of operations launch,” the airline highlighted in a statement on August 18, 2021.
“We look forward to working with our new investors, humbled to be considered the best-funded startup in U.S. aviation history, and are excited about the growth that it will fuel,” CEO and chairman of board of Breeze Airways David Neeleman said.
Based in Salt Lake City, Breeze started flying on May 27, 2021. The airline now operates a fleet of 13 Embraer ERJ-190 aircraft to 16 cities and 39 routes across the United States. However, with 60 Airbus A220 aircraft on order, the startup carrier strives to expand its network with routes longer than the current two hours’ flight time. Breeze Airways will start taking deliveries of its new A220s in October 2021.
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