JetBlue intends to raise approximately $3.15bn through multiple notes offerings, the company said on August 12, 2024. The airline’s loyalty programme, TrueBlue, will back the majority of the offerings. The loyalty secured proposal consists of a private offering of $1.5bn senior secured notes due 2031 and an additional $1.25bn senior secured term loan B due 2029. The move follows in the footsteps of its US rival carriers that previously backed offerings through their loyalty programmes. In June 2020 – during the inception of the pandemic – United issued a private offering of $6.8bn backed by its MileagePlus loyalty programme. The
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