Qatar Airways acquires stake in US aviation firm JetSuite| MENAFN.COM

Wednesday, 01 February 2023 09:53 GMT

Qatar Airways acquires stake in US aviation firm JetSuite


(MENAFN- Gulf Times)

Qatar Airways has taken a minority stake in JetSuite, Inc, a leading US private aviation company and indirectly in JetSuiteX, Inc.
The announcement of the minority stake was made in the presence of HE the Minister of Finance, Ali Sherif al-Emadi, also Qatar Airways chairman.
Qatar Airways joins JetBlue Airways, which will be increasing its investment, and a number of private investors as stakeholders in both JetSuite and JetSuiteX.
With this investment in JetSuite, Inc, Qatar Airways will help fuel the growth of JetSuite's private aviation business, which currently focuses on light and very light jets.
The investment extends to JetSuiteX, the sibling company to JetSuite, further accelerating the expansion of its acclaimed semi-private air service on the US West Coast and beyond. JetSuiteX fills a niche in underserved short haul markets and small airports, and enjoys a ‘Net Promoter Score' over 90, higher than the major US airlines.
JetSuiteX operates its fleet of Embraer 135 aircraft from private terminals in California and Nevada, with no lines, no waiting and no stress, at a "price competitive" with commercial travel.



A JetSuite jet.Qatar Airways's investment extends to JetSuiteX.

The Qatar Airways investment will enable faster expansion of this fleet and the ability to reach new destinations, including the potential to bring the semi-private model to additional US regions.
Qatar Airways Group chief executive Akbar al-Baker said, 'We are delighted to have the opportunity to invest in such unique business as JetSuite and JetSuiteX; we believe that both the businesses are complementary to Qatar Airways' business and maintain the core values and customer focus of our own business. We believe that JetSuite and JetSuiteX deliver a truly class-leading service to the US market with a huge potential for development, and we are very excited to invest in this opportunity alongside JetBlue and the other investors.
Alex Wilcox, founder and CEO of JetSuite and JetSuiteX, said, 'As an innovator in private aviation, we are proud to have attracted the attention of one of the world's highest rated and fastest growing airlines.
'Qatar Airways shares our focus on customers and product. JetBlue and Qatar Airways together are a dream team of investors, and they will allow us to execute our vision of offering a superior service to the forgotten short haul US air market even more quickly.
JetBlue president and CEO Robin Hayes said, 'JetSuite's innovative JetSuiteX service and customer-focused approach aligns perfectly with our values at JetBlue, which is why we are so pleased that our partners at Qatar Airways are joining us in supporting this venture.
'We look forward to seeing JetSuite further grow on the West Coast and beyond to bring additional air travel choices to customers in underserved markets.
This investment further supports Qatar Airways' investment strategy, which already includes minority investments in several other international carriers, such as International Airlines Group, LATAM Airlines Group, Cathay Pacific and Air Italy.

Last updated: April 10 2018 09:37 PM

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