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
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