NEW YORK: JetBlue Airways Corporation has announced a proposed underwritten offering of 35 million shares of its common stock.
JetBlue intends to grant the underwriters a 30-day option to purchase up to 5,250,000 additional shares of common stock. JetBlue intends to use the net proceeds from the offering for general corporate purposes.
Morgan Stanley, Goldman Sachs & Co. LLC, Barclays and BNP PARIBAS are acting as joint book-running managers for the offering, and Morgan Stanley, Goldman Sachs & Co. LLC and Barclays are acting as representatives of the underwriters for the offering.
JetBlue is New York’s Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers across the U.S., Caribbean, and Latin America.