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United Air’s Former CFO to Launch a New U.S. Budget Airline

The carrier aims to stimulate new airline traffic far away from the behemoths that could crush it.

A Boeing Co. 737-800 aircraft.
Photographer: Brendon Thorne/Bloomberg

The former chief financial officer of United Continental Holdings Inc. is betting that the U.S. airline industry needs another budget airline.

Andrew Levy, who also helped establish Allegiant Travel Co., is raising money for a new low-cost niche carrier designed to serve secondary airports with a reliable experience that differs from current players in the market.