JetBlue founder and Chairman David Neeleman has announced plans to start up his fourth airline, a domestic carrier in Brazil, pending local Government approvals. Mr. Neeleman, who was born in Brazil, has raised $150 million to finance the as-yet-unnamed carrier.

The airline, to be based in São Paulo, plans to commence operations in early 2009 and, ultimately, will serve most major markets throughout Brazil with as many as 76 brand-new Embraer aircraft by 2013.

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