JetBlue-Backed JSX Places Order For Hybrid-Electric Aircraft, Aims To Serve 2000 Airports
Portfolio Pulse from Anan Ashraf
JSX, backed by JetBlue Airways (NASDAQ:JBLU), has placed an order for up to 332 hybrid-electric aircraft from various manufacturers, with deliveries starting in 2028. The order includes the Heart Aerospace ES-30, Aura Aero Era, and Electra eSTOL aircraft. JSX aims to serve over 2000 airports, reducing travel costs and carbon emissions. The confirmed order is for 132 aircraft, with the rest as options.
December 20, 2023 | 12:46 pm
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JetBlue Airways-backed JSX has ordered up to 332 hybrid-electric aircraft, which may lead to operational cost savings and an enhanced green profile for the airline, potentially attracting environmentally conscious customers.
The order for hybrid-electric aircraft by JSX, which is backed by JetBlue, indicates a strategic move towards sustainability and cost efficiency in air travel. This could positively impact JetBlue's brand image and operational costs in the long term, potentially leading to increased investor confidence and a positive short term stock price movement.
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