JetBlue Invests in Private Jet Company JetSuite

By: - October 25th, 2016
JetSuite

JetBlue has made a minority equity investment in private jet firm JetSuite Inc.

JetSuite, which calls itself the fastest-growing public charter company in the US, flies 30 passenger jets, mostly in routes on the west coast of the United States.

“JetBlue and JetSuite share a passion for delivering a high-quality customer experience at a competitive price point in underserved markets,” said Robin Hayes, president and chief executive officer, JetBlue. “Our investment in JetSuite makes sense as we continue to execute on our west coast plan and invest in innovative ideas that reflect the disruptive spirit of JetBlue.”

The company offers a private jet experience that is “affordable and accessible to a broad audience.”

“We are delighted to have JetBlue join us as a strategic partner and shareholder. The partnership with JetBlue will allow us to accelerate our growth and we are excited to work together to deliver new and unique experiences for all JetSuite and JetBlue customers,” said Alex Wilcox, chief executive officer, JetSuite.

Members of JetBlue’s TrueBlue customer loyalty program, are able to earn points on all JetSuiteX flights.

Goldman Sachs served as financial advisor to JetSuite on the deal.

— Caribbean Journal Staff

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