JetBlue’s $808 Million EETC Offering

Debevoise & Plimpton LLP advised JetBlue Airways Corporation on the deal.

JetBlue Airways Corporation (“JetBlue”) executed its $808 million offering of enhanced equipment trust certificates (“EETC”) secured by 17 Airbus A321-231 aircraft, which were delivered new to JetBlue from January 2015 to January 2017, and seven Airbus A321-271NX aircraft, which were delivered new to JetBlue from June 2019 to February 2020. The offering was comprised of a $635 million Class A tranche and a $172 million Class B tranche.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America.

The Debevoise team advising JetBlue was led by aviation finance partner Brian Liu (Picture) and included aviation finance associates Robert Gucwa, Lee Henderson and Kenneth Rich, capital markets partner Paul Rodel, counsel Joshua Samit and associates C. Chloe Orlando, Priya Soni and Abraham Williamson and tax partner Michael Bolotin and associate Benjamin Lee Friedman.

Involved fees earner: Michael Bolotin – Debevoise & Plimpton; Robert Gucwa – Debevoise & Plimpton; Lee Henderson – Debevoise & Plimpton; Ben Lee Friedman – Debevoise & Plimpton; Brian Liu – Debevoise & Plimpton; Chloe Orlando – Debevoise & Plimpton; Kenneth Rich – Debevoise & Plimpton; Paul Rodel – Debevoise & Plimpton; Joshua Samit – Debevoise & Plimpton; Priya Soni – Debevoise & Plimpton; Abraham Williamson – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: JetBlue Airways;

Author: Ambrogio Visconti