June 10, 2014
Thales and JetBlue close LiveTV acquisition
Thales announced the closing of the acquisition of LiveTV from JetBlue for $399m. As part of the arrangement, the two companies will form a partnership that focuses on innovation for both passengers and airline operations. The acquisition of LiveTV is part of Thales’s strategy to meet passenger demands by delivering high quality, fast connections while meeting airline needs for greater operational efficiency. LiveTV has equipped more than 700 aircraft worldwide with a range of competitive products, focused on high performance connectivity services. LiveTV provides outstanding solutions for passenger connectivity, live television and wireless video services. The combination of this offering with the advanced Thales AVANT entertainment system firmly aligns the Thales In Flight Entertainment and Connectivity (IFEC) business to its long-term focus on connected services for passengers and airline operators within all industry segments, from premium to low-cost. With more than 500 employees and projected revenues for 2014 estimated at over US$150m, Florida-based LiveTV is now a wholly-owned subsidiary of Thales USA, reporting to Dominique Giannoni, vice president Thales IFEC business.