JetSuite Plans a 100-Plane Fleet, Thanks to Qatar - Bloomberg:
"JetSuite Inc., a small charter airline that offers scheduled service up and down the West Coast, plans to expand its public face with a fleet of regional jets that will eventually grow to 100.
The expansion of its public charter, JetSuiteX, will be funded in part by investor Qatar Airways and an expanded stake sold to JetBlue Airways Corp., which became a minor JetSuite investor in 2016. The company also plans to relocate from Southern California to the Dallas-Fort Worth area this summer.
Qatar Airways has invested in several major airlines, from Italy to London to Hong Kong. In August, the carrier ended its effort to acquire 10 percent of American Airlines Group Inc. after the world’s largest carrier rebuffed its advances. Federal law limits foreign investment in a U.S. air carrier to 25 percent. None of the companies involved in the JetSuite deal disclosed the size of their investments."
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