JetBlue takes investment share in California charter JetSuite
New York-based Jet Blue Airways has taken a minority stake in fast-growing, California-based jet charter company JetSuite.
JetBlue CEO Robin Hayes announced the investment in JetSuite during a third-quarter investor call Oct. 25. Hayes said JetSuite was “changing the game in short-haul travel in the west coast.”
JetSuite was launched in 2009. Its JetSuiteX product operates up to 4X-daily flights between the California cities of Burbank, Carlsbad, Concord and San Jose, as well as Las Vegas. It sells tickets on its small jets via its website as a public charter operation.
Hayes told analysts JetBlue’s investment was “small” but could grow. “We are very active in thinking about how this industry could change and be disrupted in future years. In JetSuite, we see a great opportunity on the west coast in terms of offering customers much more convenient alternative in how to fly,” he said.
Hayes added that JetBlue was now working with JetSuite to put in place a commercial agreement. “We can bring to JetSuite great access to a bigger customer base and distribution.” Read the full article.