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Wed, 11 April 2018

Qatar Airways Acquires Stake in JetSuite

Qatar Airways has taken a minority stake in JetSuite, Inc. and indirectly in JetSuiteX, Inc.

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 U.S. West Coast and beyond.

Qatar Airways has taken a minority stake in JetSuite, Inc. and indirectly in JetSuiteX, Inc. Click to enlarge.

JetSuiteX fills a niche in underserved short haul markets and small airports, and enjoys a Net Promoter Score of over 90, higher than the major U.S. airlines.

JetSuiteX operates its fleet of Embraer 135 aircraft from private terminals in California and Nevada.

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 U.S. regions.

Qatar Airways Group Chief Executive, Mr. 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 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 U.S. market with a huge potential for development, and we are very excited to invest in this opportunity alongside JetBlue and the other investors.”

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.

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