JetBlue Airways (NASDAQ: JBLU) has made a minority equity investment in JetSuite, Inc., the company said.
Goldman Sachs served as financial advisor to JetSuite for this transaction. The agreement provides for a JetBlue nominee to be appointed to the JetSuite board of directors.
JetSuiteX 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.
The company said the partnership will allow JetSuiteX to accelerate the growth of its public charter services in short-haul air travel.
JetSuite Inc. is a private jet company in the United States providing charter and scheduled-service flights.
JetBlue Airways carries more than 35 million customers a year to 97 cities in the US, Caribbean, and Latin America with an average of 925 daily flights.