JetBlue to sell LiveTV subsidiary to Thales Group

JetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Thales Group for $400m. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014. LiveTV is a 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.