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JetBlue Airways to sell LiveTV for $400 million

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Staff writer ▼ | March 14, 2014
JetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Thales Group for $400 million. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.
JetBlue Airways
JetBlue AirwaysJetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Thales Group for $400 million. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.


LiveTV is the leading provider of live in-flight entertainment and connectivity systems for commercial airlines. In 2013, LiveTV and its partner ViaSat introduced Ka-band satellite-driven onboard connectivity, a game changing technological advancement.

Concurrent with the closing of this transaction, JetBlue will enter into long term agreements with LiveTV to continue providing support for its live TV and inflight connectivity product, Fly-Fi.

"LiveTV has been an important part of building the JetBlue experience. Their ability to combine market leadership and drive technological advances has given JetBlue a market advantage in the onboard experience," said JetBlue President Robin Hayes.

"We now come to the point where LiveTV's future as a disrupter in the inflight entertainment and data services space is best served by pairing with the right partner. We found that partner in Thales, themselves innovators in the technology space."

"LiveTV is a great strategic fit for Thales. It will improve our positioning in the high growth business of In-Flight Entertainment and Connectivity. Our aim is to offer the highest performance and most competitive and flexible connectivity solution to airlines regardless of their fleet-size, aircraft type or route structure," commented Jean-Bernard Lévy, chairman and CEO Thales.


 

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