JetBlue Airways Corporation Announces Redemption of its 3.5% and 3.75% Convertible Notes

NEW YORK, July 21 /PRNewswire-FirstCall/ -- JetBlue Airways Corporation (Nasdaq: JBLU) announced today that it will redeem all of its outstanding 3.5% convertible notes due 2033 and all of its outstanding 3.75% convertible notes due 2035 on August 30, 2010 and August 31, 2010, respectively. Approximately $868,000 of the 3.5% Notes and $830,000 of the 3.75% Notes remain outstanding as of July 21, 2010. On and after the date of redemption, interest on both the 3.5% Notes and the 3.75% Notes will cease to accrue.

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The trustee and paying agent, Wilmington Trust Company, will send the notices of redemption to the registered holders of the Notes on or about July 21, 2010. Notes are to be surrendered to the trustee in exchange for payment of the redemption price. Further information regarding the mechanics and timing of the calls for redemption will be contained in the applicable trustee notice.  Questions relating to, and requests for additional copies of, the notices of redemption should be directed to Wilmington Trust Company (email: [email protected]).

This announcement is not an offer to purchase or solicitation of an offer to purchase or a solicitation of tenders or consents with respect to any Notes.

About JetBlue

Voted "Most Eco-Friendly Airline" by Zagat's Airline Survey in 2008 and 2009, New York-based JetBlue Airways has created a new airline category based on value, service and style. In 2010, the carrier also ranked "Highest in Customer Satisfaction Among Low-Cost Carriers in North America" by J.D. Power and Associates, a customer satisfaction recognition received for the sixth year in a row. Known for its award-winning service and free TV as much as its low fares, JetBlue is now pleased to offer customers Lots of Legroom and super-spacious Even More Legroom seats. JetBlue introduced complimentary in-flight e-mail and instant messaging services on aircraft "BetaBlue," a first among U.S. domestic airlines. JetBlue is also America's first and only airline to offer its own Customer Bill of Rights, with meaningful and specific compensation for customers inconvenienced by service disruptions within JetBlue's control. Visit www.jetblue.com/promise for details. JetBlue serves 61 cities with 650 daily flights. New service to Ronald Reagan Washington National Airport in Washington, DC and to Bradley International Airport in Hartford, CT begins in November. With JetBlue, all seats are assigned, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JET-BLUE (1-800-538-2583), TTY/TDD 1-800-336-5530 or visit www.jetblue.com.

SOURCE JetBlue Airways Corporation

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