Home > > Former United Airlines CFO raises $125M for startup carrier

Former United Airlines CFO raises $125M for startup carrier

02/14/2020| 4:57:22 PM| 中文

Houston Air Holdings will offer nonstop flights from secondary airports to midsize and large markets.

A new budget airline created by a former United Airlines executive has raised $125 million in funding and plans to start service before the end of the year.

The company, operating as Houston Air Holdings Inc., is “getting ready to spool up to transform this little charter airline we bought,” Andrew Levy said in an interview Wednesday. The strategy is to offer nonstop flights from secondary airports to midsize and large markets, Levy said. The project is the second new U.S. airline planning to start flights in 2020.

“We’re going to grow at a measured pace,” said Levy, a co-founder of Allegiant Travel Co., which specializes in leisure travel from smaller markets to vacation destinations such as Florida and Las Vegas. “We’re going to build the company a little bit like Allegiant, slowly and steadily,” with a foundation of “far more capital than we think we’ll ever need.”

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TAGS: Houston Air | United Airlines | budget airline | financing
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