La CompagnieNEW YORK — A new airline offering solely business-class service between Paris and Newark promises fares as much as 50% lower than its premium competition.

La Compagnie, which means “the company” in French, said Tuesday that it would begin offering regularly scheduled service between Charles De Gaulle Airport and Newark on July 11.

According to what the company has filed at the DOT, the company's name is DreamJet. It has registered La Compagnie as a trade name.

“The time is right to introduce full business-class service at affordable prices,” said Peter Luethi, co-founder and deputy CEO of the new carrier. “Capacity is down and prices are up.”

Luethi said that until the airline gets regulatory approval from the U.S., it can’t reveal pricing. However, the airline’s operations have been approved in France, and one introductory rate for two passengers was 1,776 euros roundtrip (about $2,400).

The airline will begin operations with one Boeing 757-200 that will offer four to five weekly flights throughout the summer, with scheduled departures out of Paris at 3:50 p.m. and out of Newark at 9:45 p.m.

The airplane will have 74 lie-flat seats in a single-aisle cabin; all seats will be the same, with leather headrests and armrests in baby blue (the same color as the airline’s livery), wood grain wallboards and blue-speckled gray carpeting.

In-flight amenities will include menus created by Christophe Langree, a Michelin-starred chef from Hôtel Matignon in Paris; complimentary WiFi; and personal Samsung tablets uploaded with an assortment of books, magazines, music and movies.

La Compagnie expects to take delivery of a second Boeing 757-200 in December 2014. Leuthi said the company would decide then whether to add another route.

Bookings will be available through the GDS and direct, online and through the carrier’s call center. The airline will pay commissions.

La Compagnie said that its website, www.lacompagnie.com, would be up on July 1, after the airline receives regulatory approval.

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Correction: In a prior version of this report, Peter Luethi's last name was misspelled. 

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