JetBlue and Azul Linhas Aereas founder, David Neeleman, is reportedly looking to raise US$100 million in capital to start Moxy Airways, a new low-cost carrier launching in 2020.

The airline, which will operate to point-to-point flights from secondary airports in the United States, has already secured 60 Bombardier CS300 purchase rights.

Capital already commited to the new venture will come from Neeleman himself, as well as industry veterans, Robert Milton and Henri Courpron.

The CS300s are likely to be manufactured in Alabama, as Airbus has since purchased a stake in the CSeries program from Bombardier.