Qatar Air­ways an­nounces in­vest­ment in Jet­suite

Daily Mirror (Sri Lanka) - - LOGISTICS/AVIATION -

Qatar Air­ways, na­tional air­line of the State of Qatar, and Jet­suite Inc, lead­ing U.S. pri­vate avi­a­tion com­pany, re­cently an­nounced that Qatar Air­ways has taken a mi­nor­ity stake in Jet­suite Inc. and in­di­rectly in Jet­sui­tex Inc, in the pres­ence of Qatar Air­ways Chair­man and Qatari Fi­nance Min­is­ter Ali Sharif Al Emadi.

Qatar Air­ways join­ing Jetblue Air­ways, 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.

Jet­sui­tex op­er­ates its fleet of Em­braer 135 air­craft from pri­vate ter­mi­nals in Cal­i­for­nia and Ne­vada, with no lines, no wait­ing and no stress, at a price com­pet­i­tive with com­mer­cial travel. 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 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.”

“As an in­no­va­tor in pri­vate avi­a­tion, we are proud to have at­tracted the at­ten­tion of one of the world’s high­est rated and fastest grow­ing air­lines,” said Jet­suite and Jet­sui­tex Founder and CEO Alex Wil­cox. “Qatar Air­ways shares our fo­cus on cus­tomers and prod­uct. Jetblue and Qatar Air­ways to­gether are a dream team of in­vestors, and they will al­low us to ex­e­cute our vi­sion of of­fer­ing a su­pe­rior ser­vice to the for­got­ten short haul U.S. air mar­ket even more quickly.”

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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