SAVE - New U.S. airline set to take off this year

The U.S. Transportation Department has granted approval for a new airline called Breeze Aviation Group to be led by JetBlue (JBLU) David Neeleman. Breeze has up to one year to begin flights using up to 22 planes The airline is expected to target "neglected, forgotten markets” using smaller planes to keep costs low. Breeze plans to start service using 118-seat Embraer jets that it will lease from Azul and aircraft-leasing companies. Breeze will be headquartered in Darien, Connecticut, while flight operations will be based in Salt Lake City.Source: Press ReleaseRelated airline stocks: Southwest Airlines (LUV), Spirit Airlines (SAVE), Allegiant Travel (ALGT), Mesa Airlines (MESA).

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New U.S. airline set to take off this year