NEW YORK, Oct. 25, 2016 /PRNewswire/ -- JetSuite Inc.,
one of the largest private jet companies in the U.S., today
announced that JetBlue Airways (NASDAQ:JBLU) has made a minority
equity investment in the company, helping fuel its fast-growing
JetSuiteX service.
JetSuiteX, now the fastest growing public charter company in the
U.S., is changing the game in short-haul air travel by offering a
private jet experience that is affordable and accessible to a broad
audience. Signature elements of the experience include no lines,
the ability to check in just 15 minutes before a flight, free
Wi-Fi, free checked bags, free seat assignments, free drinks and
free snacks.
JetSuiteX flies 30 passenger jets to/from Burbank, Calif., Las
Vegas, San Jose, Calif.,
Carlsbad, Calif., Concord, Calif., Mammoth, Calif., and
Bozeman Mont. – with more
destinations and flights coming soon.
"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.
"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 agreement provides for a JetBlue nominee to be appointed to
the JetSuite board of directors.
Members of TrueBlue, JetBlue's customer loyalty program, are
already able to earn TrueBlue Points on all JetSuiteX flights.
Additionally, as part of JetBlue's plan to expand its customer base
on the west coast and provide access to new geographies, the two
companies plan to explore opportunities for further cooperation for
the benefit of their customers, including new benefits for Mosaic
customers in JetBlue's TrueBlue loyalty program.
JetSuite Inc. is among the largest private jet companies in
the United States providing
charter and scheduled-service flights. Through its charter business
launched in 2009, JetSuite provides travelers access to a private
jet experience at an attractive cost.
Goldman Sachs served as financial advisor to JetSuite for this
transaction.
About JetBlue Airways
JetBlue is New York's Hometown
Airline™, and a leading carrier in Boston, Fort
Lauderdale-Hollywood,
Los Angeles (Long Beach),
Orlando, and San Juan. JetBlue carries more than 35 million
customers a year to 97 cities in the U.S., Caribbean, and Latin
America with an average of 925 daily flights. For more
information please visit www.jetblue.com.
About JetSuite
JetSuite provides flying that moves your soul through
transparent pricing, efficient operations, acute attention to
detail, acclaimed customer service, and industry-leading safety
practices. Offering a WiFi-equipped fleet of jets across the US,
JetSuite was recently ranked #1 in light jet utilization by
ARGUS. Under the leadership of CEO Alex Wilcox, a JetBlue founding executive,
JetSuite is IS-BAO certified and rated Platinum by ARGUS, the highest possible safety rating in
the private jet industry. In April
2016 JetSuite introduced JetSuiteX to offer short haul
public charter flights, sold by the seat, operating from private
terminals. For information please visit www.jetsuite.com.
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SOURCE JetSuite Inc.