JetSuite Receives Minority Equity Investment from JetBlue Airways

jetsuiteJetSuite, Inc., an Irvine, California-based private jet company, received a minority equity investment from JetBlue Airways (NASDAQ: JBLU).

The agreement provides for a JetBlue nominee to be appointed to the JetSuite board of directors.

The amount of the deal was not disclosed.

The company intends to use the funds to accelerate the growth of its JetSuiteX service.

Led by Alex Wilcox, chief executive officer, JetSuiteX offers an affordable private jet experience featuring such elements as the ability to check in 15 minutes before a flight, free Wi-Fi, free checked bags, free seat assignments, free drinks and free snacks.
The service 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.

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 including new benefits for Mosaic customers in JetBlue’s TrueBlue loyalty program.



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