Qatar Airways takes a stake in JetSuite
After failing in a bid for a stake in American Airlines, Qatar Airways has finally got its hands on a slice of the US airline business.
It’s a very minor slice however.
Qatar is investing in JetSuite, Inc, which counts JetBlue as one of its other investors.
The value of the minority stake is undisclosed but ‘significant’ Qatar Air said.
The stake extends to JetSuiteX, which offers scheduled services in the Western US.
It flies 30-seat jets to and from private terminals.
JetBlue says it will also increase its investment in the company.
"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 U.S. air market even more quickly," said JetSuite CEO Alex Wilcox.
Qatar’s investment will help the comaont expand into other US regions, Wilcox said.
"We are delighted to have the opportunity to invest in such unique business as JetSuite and JetSuiteX; we believe that both businesses are complementary to Qatar Airways’ business," said Qatar Airways Group chief executive, Akbar Al Baker.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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