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SKY Leasing Acquires JetBlue Ventures, the Carrier’s Venture Capital Subsidiary

JetBlue has today announced that SKY Leasing, a leading  aviation investment manager, has acquired JetBlue Ventures, the airline’s venture capital subsidiary.  Founded in 2016, JetBlue Ventures has invested in 55 early-stage startups.  


SKY Leasing Acquires JetBlue Ventures - Courtesy JetBlue/SKY Leasing
SKY Leasing Acquires JetBlue Ventures - Courtesy JetBlue/SKY Leasing

On Monday (May 5, 2025), JetBlue announced that their venture capital subsidiary, JetBlue Ventures, has been acquired by Sky Leasing, a leading aviation investment manager.  Since being founded in 2016, JetBlue Ventures has invested in nearly 55 early-stage startups and made over 40 follow-on investments, which has resulted in eight exits in the form of acquisitions and public offerings.  JetBlue Ventures will continue to be led by Amy Burr, and will remain focused on investing in emerging enterprise technology and emerging tech solutions across the travel and transportation ecosystem.  JetBlue will continue to hold positions in all existing portfolio companies, and the JetBlue Ventured brand will remain as part of a brand licensing agreement with JetBlue.


In Monday’s announcement, SKY Leasing’s Co-Chief Investment Officer, Matthew Crawford, said,


“We are thrilled to welcome JetBlue Ventures into the SKY family.  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.”


Also commenting on the acquisition of JetBlue Ventures by SKY, JetBlue’s CEO, Joanna Geraghty, said,


“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.  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.”


SKY Leasing is an alternative investment manager dedicated to providing asset-focused capital solutions to airlines worldwide. 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. The company’s fund management business was founded in 2019, with a minority investment from M&G Investments.  As of March 31, 2025, the company managed over $5 billion of aviation assets.


 

Source: JetBlue / PRNewswire

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