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JETBLUE AIRWAYS CORPORATION

(JBLU)
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JETBLUE AIRWAYS CORP : Termination of a Material Definitive Agreement (form 8-K)

09/21/2021 | 08:33am EDT

Item 1.02 Termination of a Material Definitive Agreement

On September 15, 2021, JetBlue Airways Corporation (the "Company") voluntarily repaid its outstanding borrowings of approximately $115 million, plus accrued interest and associated fees under its Loan and Guarantee Agreement (the "Loan Agreement"), dated September 29, 2020 (as amended and restated on November 3, 2020, and as further amended on January 15, 2021), with the United States Department of the Treasury ("Treasury") pursuant to the United States Coronavirus Aid, Relief, and Economic Security Act (March 27, 2020). The entry into the Loan Agreement, by and among the Company, as borrower, Treasury, as lender, and the Bank of New York Mellon, as administrative agent and collateral agent, was first reported on the Company's Current Report on Form 8-K filed on

October 1, 2020 .

In connection with the repayment of the Loan Agreement, as of September 15, 2021, the Company's obligations and commitments under the Loan Agreement were terminated in full, excluding obligations and commitments expressed to survive the repayment (including, for example, certain limitations on dividends and buybacks by the Company and its affiliates; limitations on certain compensation to corporate officers and employees; and requirements with respect to continued air service), and all remaining collateral, consisting of aircraft and spare engines, was released.

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© Edgar Online, source Glimpses

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Analyst Recommendations on JETBLUE AIRWAYS CORPORATION
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Financials (USD)
Sales 2021 5 985 M - -
Net income 2021 -277 M - -
Net Debt 2021 2 503 M - -
P/E ratio 2021 -16,4x
Yield 2021 -
Capitalization 4 726 M 4 726 M -
EV / Sales 2021 1,21x
EV / Sales 2022 0,90x
Nbr of Employees 20 000
Free-Float 66,4%
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JetBlue Airways Corporation Technical Analysis Chart | JBLU | US4771431016 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 14,86 $
Average target price 19,73 $
Spread / Average Target 32,8%
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Managers and Directors
Robin N. Hayes Chief Executive Officer & Director
Joanna Geraghty President & Chief Operating Officer
Ursula Hurley Chief Financial Officer
Peter Boneparth Chairman
Carol Clements Chief Digital & Technology Officer
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