JetBlue Lenders Form Groups as Airline Downplays Financial Peril

AI Summary

A majority group of JetBlue Airways creditors has signed a cooperation agreement that restricts the airline from making side deals with participating lenders. The development highlights lender coordination amid questions about JetBlue’s financial position.

A majority group of creditors to JetBlue Airways Corp. have executed a cooperation agreement that would prevent the company from striking any side deals with lenders who signed onto the pact, according to people familiar with the matter.