Breeze Airways — RI International Airport's New Addition — Raises $200M in New Capital

Breeze Airways — RI International Airport's New Addition — Raises $200M in New Capital

Breeze Airways — the airline startup now flying at RI International Airport — has raised $200 million dollars in a Series B funding round.

The round was led by BlackRock and Knighthead Capital Management, LLC.

About Breeze -- and RI International 

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The airline was founded by David Neeleman, the founder of JetBlue and a number of other airlines. He said in a statement to Simple Flying:

“It’s always good to have a nice bank account, but I think, opportunistically, we can receive some really good deals out there on airplanes that we can purchase on the Embraer side– parts and spare engines and different things that can drive down our operating costs that can make us more profitable. It’s a good use of capital. And then, just kind of sending a signal to all our competitors that we’re here to say, We’ve got the lowest cost in the industry and got a great balance sheet and a great cash balance, and we’re not going anywhere.”

Breeze is currently flying to 16 US cities, operating 39 routes.

From RI International, Breeze flies directly to Charleston, SC; Norfolk, VA, and Pittsburgh, PA.