JetBlue Airways Corporation Announces Redemption of Its 6.75 Percent Convertible Debentures Due 2039
(Series B)
JetBlue (NASDAQ: JBLU) announced today that it will redeem all of its outstanding 6.75 percent convertible debentures due
2039 (Series B) (the "Notes") at a redemption price equal to 100 percent of the principal amount of the Notes, together with
accrued and unpaid interest to, but excluding, the redemption date. Approximately $86,206,000 of the 6.75 percent Notes remain
outstanding as of September 26, 2016. On and after the date of redemption, interest on the 6.75 percent Notes will cease to accrue,
unless we default in the payment of the redemption price.
We have prepared a notice of redemption and have requested that the trustee and paying agent, Wilmington Trust Company, send the
notice of redemption to the registered holders of the Notes on or about September 27, 2016, with an expected redemption date on
November 1, 2016. Notes are to be surrendered to the trustee in exchange for payment of the redemption price. Each holder of the
Notes has a right to convert its Notes called for redemption. Further information regarding the mechanics and timing of the calls
for redemption will be contained in the redemption notice. Questions relating to the notice of redemption should be directed to
Wilmington Trust Company. This announcement is not an offer to purchase or solicitation of an offer to purchase or a solicitation
of tenders or consents with respect to any Notes and nor shall there be any offer, solicitation or sale of any security in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About JetBlue
JetBlue is New York's Hometown Airline® and a leading carrier in Boston, Fort Lauderdale/Hollywood, Los Angeles (Long Beach),
Orlando and San Juan. JetBlue carries more than 32 million customers a year to 97 cities in the U.S., Caribbean, and Latin America
with an average of 925 daily flights. For more information, please visit JetBlue.com.
JetBlue Corporate Communications
718-709-3089
corpcomm@jetblue.com
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