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SEC filingJetBlue Airways entered into a Framework Agreement for up to $500 million in debt financing secured by up to 22 owned aircraft, with an option to increase commitments by an additional $250 million.
JetBlue Airways Corporation has executed a Framework Agreement to strengthen its liquidity and financial flexibility through a significant secured debt financing arrangement. The agreement, dated April 14, 2026, involves affiliates of SKY Leasing, LLC as initial lenders and UMB Bank, N.A. as the administrative agent. The structure provides JetBlue with access to $500 million in borrowing capacity, secured by a first-priority security interest in up to 22 of its currently owned A320 and A220 family aircraft. This aircraft-secured financing structure allows JetBlue to monetize existing assets while retaining operational utility of the collateral.
The terms of the financing reflect current market conditions, with interest rates on the fixed-rate loans expected to range between 6.00% and 6.75%, comprised of US Treasuries plus an applicable margin. The loans are structured with staggered maturity dates ranging from 2033 through 2037, providing a manageable long-term debt profile. Each loan is individually secured by a specific aircraft but includes cross-default and cross-collateralization provisions under certain circumstances, which is customary for this type of portfolio financing. The inclusion of a committed accordion feature for an additional $250 million suggests potential for further liquidity enhancement if needed. The transaction is subject to customary closing conditions, including the execution of related loan and security documents.