JetBlue Airways Corporation intends to make concurrent offerings, subject to market conditions, of 20,000,000 shares of common stock and $150 million aggregate principal amount of convertible debentures, which are to be divided into two series, each with an aggregate principal amount of $75 million and maturing in 2039 (but subject to earlier repurchase or redemption). JetBlue intends to grant the underwriters of the common stock and the debentures a 30-day over-allotment option to purchase up to an additional 3,000,000 shares of common stock and up to an additional $11.25 million principal amount of the debentures of each series. In connection with the common stock offering, in order to maintain Deutsche Lufthansa AG’s current ownership position in JetBlue, the underwriter would reserve up to 15.6% of the offered shares for sale to Lufthansa, and Lufthansa would have an option to purchase up to 15.6% of the over-allotment shares from JetBlue, depending on the extent to which the underwriter exercises its over-allotment option.
Biden FAA leader nominee withdraws after “an onslaught of unfounded Republican attacks”
American President Joe Biden’s nominee for the role of leader of the United States Federal Aviation Administration (FAA), Phillip Washington, has withdrawn his name owing to “an onslaught of unfounded Republican attacks which have focused on his service and experience, CNN reported. Though his announcement for the role was made last year, since then the