Posted on: 10 June 2014 by Mark Howells
Thales Group (Thales) has completed the acquisition of JetBlue Airways’ (JetBlue) in-flight entertainment (IFE) subsidiary LiveTV in a cash deal claimed to be $399 million.
LiveTV has more than 500 employees and projected revenues for 2014 at over US$150 million. In 2013, LiveTV partnered with ViaSat to introduce Ka-band satellite-driven on-board connectivity.
"Under the leadership of Thales Group, we look forward to LiveTV continuing to deliver the innovative on-board connectivity and entertainment experience that our customers have come to expect," commented Robin Hayes, President, JetBlue Airways.
"Our evolving product and service portfolio will enable airlines, on any fleet-size, aircraft type or route structure, to offer their passengers a highly robust connected experience before, during and after flight," said Thales CEO USA, Alan Pellegrini. "The capabilities we now have strengthen our foundation as both a leading in-flight entertainment and connectivity systems manufacturer and connectivity service provider."
JetBlue will maintain its relationship with LiveTV to continue providing customers with IFE and connectivity products.