$500 Million: JetBlue Secures Debt Financing Using Over 20 Airbus A320 & A220 Family Aircraft

Long Island City-based low-cost carrier JetBlue Airways has lined up a new $500 million aircraft-backed debt facility by pledging a pool of more than 20 owned Airbus A320 and A220 family aircraft. This gives the carrier another important source of liquidity as it continues its extensive turnaround efforts. This financing is noteworthy not just for its size but for its relatively unique structure.