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Former United CFO Raises $125 Million for Startup U.S. Airline

  • Goal is to serve secondary airports, larger markets, Levy says
  • Houston-based carrier plans first flights later this year
airline airplane plane seats

Photographer: Luke MacGregor/Bloomberg

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.