Posted on: 13 March 2014 by Mark Howells
Thales has announced it is to acquire LiveTV, a subsidiary of low-fare carrier JetBlue Airways (JetBlue), in an agreement worth US$ 400 million dollars.
The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.
LiveTV provides in-flight entertainment solutions for seat back, regional live television, wireless video and global live television, and connectivity services covering Ka-band broadband, multi band broadband (Ku, Ka and L-band), LiveAero and regional satellite radio. LiveTV has equipped more than 700 aircraft worldwide.
“LiveTV is a great strategic fit for Thales,” commented Jean-Bernard Lévy, Chairman and CEO Thales. “Passengers increasingly expect broadband internet services at home, at work and on the move. Airlines want to enable their passengers to have access to this connected environment within the aircraft, allowing them to interact with both social media and professional networks while they travel.”
"LiveTV has been an important part of building the JetBlue experience," said JetBlue President, Robin Hayes. "We now come to the point where LiveTV's future as a disrupter in the in-flight 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."
"We look forward to joining the Thales Group," commented LiveTV President Glenn Latta. "We have benefitted greatly from JetBlue's leadership and guidance, and we are now positioned to further influence the in-flight entertainment, connectivity and data services space, with Thales' leadership."
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 in-flight connectivity product, Fly-Fi.