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Thu, Oct 27, 2016

JetBlue Makes Strategic Investment In JetSuite

Charter Company Flies 30-Passenger Jets In The Western U.S.

JetBlue has made a minority equity investment in JetSuite, a private jet charter company operating between selected cities in the western U.S.

A public charter company, JetSuite offers short-haul air travel in what it describes as "a private jet experience that is affordable and accessible to a broad audience." Some 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, CA, Las Vegas, NV, San Jose, CA, Carlsbad, CA, Concord, CA, Mammoth, CA, and Bozeman MT. More destinations and flights are "coming soon", the company says.

"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.

(Source: JetSuite news release)

FMI: www.jetblue.com, www.jetsuite.com

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