JetBlue Airways is reportedly engaged in talks to end its partnership with New York-based credit card issuer American Express.
The airline had sought bids from banks to replace American Express as its credit card partner, reported Bloomberg citing sources.
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This process could lead to a different network to process transactions, as well as a new card-issuing bank, a source said.
American Express may be among bidders, another source said.
The partnership between American Express and JetBlue was launched in 2005, marking the airline’s first such arrangement. The American Express-JetBlue contract expires at the end of 2015, one of the sources said.
Last month, a US warehouse-club chain Costco Wholesale said that effective 1 January 2015 it will stop accepting all American Express cards, as talks between the two sides were unsuccessful.
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