JetBlue bailout deal
Apr 14, 2020, 6:52 pm
#1
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Join Date: Aug 2005
Location: BOS
Posts: 15,027
JetBlue bailout deal
JetBlue will receive $685M in grants and $251M in direct loans from the government through the CARES Act.
https://www.businesswire.com/news/ho...0414006053/en/
Looks like JetBlue is pleased with the outcome and its shareholders are too apparently (stock up 16% after hours).
https://www.businesswire.com/news/ho...0414006053/en/
Looks like JetBlue is pleased with the outcome and its shareholders are too apparently (stock up 16% after hours).
Apr 19, 2020, 2:05 pm
#2
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Join Date: Apr 2001
Location: PSM
Posts: 69,232
I don't think any of the airlines are exceptionally pleased that they ended up having to take 30% as loans and also give significant warrants to the Feds. Better than nothing, but far less than what they expected or hoped for a couple weeks ago when the Act passed.