US budget carrier Breeze Airways sets sights on 2027 IPO
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RIO DE JANEIRO: US low-cost domestic carrier Breeze Airways is targeting an initial public offering (IPO) in 2027, its Chief Executive David Neeleman said on Saturday (Jun 6), noting the plan depends on market conditions.
The carrier considered an IPO sooner but decided to wait due to market conditions, he added during an interview with Reuters on the sidelines of the International Air Transport Association's (IATA) annual summit in Rio de Janeiro.
"To have an IPO, the market has to cooperate, the industry has to cooperate," he said.
The low-cost carrier, which launched in 2021, has been steadily building toward financial stability, Neeleman said, adding that the company does not need to raise capital now, giving it the luxury of waiting for the right equity market environment before making its public debut.
Neeleman, who previously founded JetBlue and Azul, has built Breeze around connecting underserved mid-sized American cities with affordable, point-to-point service.
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