Qatar Airways To Invest in JetSuite
Qatar Airways has taken a minority stake in U.S. private aviation outfit JetSuite, the companies recently announced. With the investment, Qatar joins JetBlue Airways and several private investors as a stakeholder in JetSuite and its sibling company, JetSuiteX.
JetSuite expects the investment to fuel the growth of its private aviation business, now built around light and very light jets. The company also expects Qatar's investment to further accelerate the expansion of JetSuite's semi-private air service on the U.S. West Coast and beyond by increasing the capital base of Embraer ERJ-135 operator JetSuiteX, which fills a niche in underserved short-haul markets and small airports. JetSuiteX operates its fleet of regional jets from private terminals in California and Nevada at prices comparable to those for commercial travel. The Qatar investment will allow faster expansion of the ERJ-135 fleet and provide the ability to reach new destinations.
This investment supplements Qatar Airways’ financial backing of several other international carriers, such as International Airlines Group, LATAM Airlines Group, Cathay Pacific, and Air Italy.