By Tracy Rucinski
CHICAGO, April 8 (Reuters) - Avelo Airlines, an ultra-low-cost carrier created by a former United Airlines executive, made its debut on Thursday with plans for service between secondary airports on the U.S. West Coast and one-way fares starting at $19.
Backed by $125 million in private equity, Avelo will begin operations from its first base at Hollywood Burbank Airport just outside Los Angeles, with flights starting April 28.
Although travel demand has dropped during the pandemic, the downturn has opened opportunities including gate capacity at Burbank and cheaper aircraft as large carriers scaled back operations globally, Avelo's founder and chief executive, Andrew Levy, told Reuters.
“There's market opportunities that would have been harder for us to tackle a year ago,“ said Levy, the co-founder and former president of low-cost carrier Allegiant Airlines and chief financial officer of United Airlines.