StockNews.AI
JBLU
StockNews.AI
106 days

SKY Leasing Announces Acquisition of JetBlue Ventures

1. SKY Leasing acquires JetBlue Ventures, enhancing growth opportunities. 2. JetBlue Ventures focuses on early-stage startups shaping the travel industry. 3. JetBlue aims to improve profitability and operations after the acquisition. 4. JetBlue Ventures has made 55 investments since 2016, yielding successful exits. 5. JetBlue remains a strategic partner in JetBlue Ventures' ongoing efforts.

M&A
-6.2%Current Return
VS
-1.1%S&P 500
$4.7605/05 07:36 AM EDTEvent Start
$4.46505/06 02:34 PM EDTLatest Updated
7m saved
Insight
Article

FAQ

Why Bullish?

The acquisition positions JBLU for innovation and operational enhancement, which historically boosts investor confidence.

How important is it?

This acquisition aligns with JetBlue's strategic goals, influencing its long-term viability and growth.

Why Long Term?

The strategic partnership and focus on emerging technologies suggest sustained positive impact over time.

Related Companies

SKYUALDALLUV
, /PRNewswire/ -- SKY Leasing ("SKY"), a leading aviation investment manager, and JetBlue Airways (NASDAQ: JBLU) today announced that SKY has acquired JetBlue Ventures, JetBlue's venture capital subsidiary. This transaction will usher in the next era of growth for JetBlue Ventures, with expanded opportunities to support founders and scale game-changing technologies by leveraging SKY's deep industry relationships, global reach, and access to capital. JetBlue will continue to serve as a strategic partner to JetBlue Ventures and its portfolio companies. "We are thrilled to welcome JetBlue Ventures into the SKY family," said Matthew Crawford, Co-Chief Investment Officer at SKY. "Through our aviation partnerships around the world, we are witnessing firsthand the rapid advancements and innovations in the travel industry, and as a long-term partner to JetBlue, we have consistently admired JetBlue Ventures' track record of nurturing these groundbreaking technologies. This transaction is a natural evolution of our partnership and will provide us, our investors, and our global aviation partners with direct access to the cutting-edge innovations and technologies shaping the future of travel." "We founded JetBlue Ventures to invest in, incubate, and partner with early-stage startups that would shape the future of travel, and by all measures it's been an incredible success," said Joanna Geraghty, chief executive officer, JetBlue. "As we look at the needs of our airline today, we are fully focused on our JetForward strategy to get JetBlue back to profitability and set us up for long-term success as we compete against the legacy carriers. This transaction enables us to focus on our core airline operations, while maintaining our access to the innovations and opportunities of current and future portfolio companies through our ongoing strategic partnership with JetBlue Ventures." Since its founding in 2016, JetBlue Ventures has invested in 55 early-stage startups and made over 40 follow-on investments, resulting in eight exits in the form of acquisitions and public offerings. The JetBlue Ventures team, which will continue to be led by Amy Burr, will remain focused on investing in emerging enterprise technology and frontier tech solutions across the travel and transportation ecosystem. JetBlue Ventures will continue to manage all current and future investments, with JetBlue continuing to hold positions in all existing portfolio companies. The JetBlue Ventures brand will remain as part of a brand licensing agreement with JetBlue. The terms of the transaction were not disclosed. AdvisorsKirkland & Ellis LLP served as legal counsel for SKY, Cooley LLP served as legal counsel for JetBlue, and DJL Corporate Law, PC served as legal counsel for JetBlue Ventures. About SKY Leasing SKY Leasing ("SKY") is an alternative investment manager dedicated to providing asset-focused capital solutions to airlines globally. With a global presence across five offices in San Francisco, Dublin, New York, Miami, and Singapore, SKY leverages a 30-year history of global aviation relationships, technical asset management expertise, and a disciplined investment framework, to originate unique investment opportunities with an emphasis on seeking downside protection and stable cash flow. The company's fund management business was founded in 2019 with a minority investment from M&G Investments. As of March 2025, the company manages over $5 billion of aviation assets. For more information about SKY Leasing, visit www.skyleasing.com. About JetBlue Ventures JetBlue Ventures (JBV) is an early-stage venture capital firm focused on companies redefining the travel and transportation landscape, with an emphasis on enterprise and frontier technologies. Founded in 2016 as JetBlue's corporate venture capital arm, JBV is now part of SKY Leasing, a premier aviation asset manager. Based in San Francisco, the firm has made over 50 investments across the travel, hospitality, and transportation industries. Learn more at www.JetBlueVentures.com. Contacts SKY LeasingAnne Marie Scaramuzza[email protected] JetBlue VenturesAnna Shimoda[email protected] SOURCE SKY Leasing WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News