JetBlue to sell in-flight TV business to Thales

[NEW YORK] JetBlue Airways Corp said last week it would sell its in-flight entertainment business, LiveTV, to French defence electronics company Thales Group for US$400 million as it looks to cut costs.

JetBlue has struggled with high maintenance and repair costs over the past few quarters. The carrier, which has 80 per cent of its operations i…