Air Transport World

New Air.

New Air, the working name for a proposed start-up to begin operations this winter from New York's JFK, made a big splash in April with an order for 75 V2500-powered A320-family aircraft, including 25 firm.

Headed by former Morris Air President David Neeleman, New Air claims to be the best-capitalized new entrant in US aviation history. having raised $130 million in equity from, among others, the George Soros-led Quantum Fund. New Air is banking on a formula of low fares and low costs a la Southwest Airlines. …

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