WestJet Airlines Ltd and JetBlue Airways Corp founder David Neeleman is planning to launch a new budget airline in the United States, with $100 million in startup capital, according to a report from the Airline Weekly.

The airline, tentatively called Moxy, has secured orders for 60 Bombardier CS300 aircraft, the publication said, citing people familiar with the matter. 

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The report also said that former Air Canada Chief Executive Officer Robert Milton and former International Lease Finance Corp CEO Henri Courpron are among early investors along with Neeleman himself.

Bombardier declined to comment on the report, while Neeleman was not immediately available for comment. 

Reuters (Reporting by Karan Nagarkatti in Bengaluru; Editing by Shounak Dasgupta)