JetBlue pledges slots in $750 million loan

JetBlue has followed Delta’s April example and pledged slots as collateral on a $750 million loan as it seeks to strengthen its balance sheet to deal with COVID 19. In April Delta announced it was raising $3 billion against a mix of slots, gates and routes at a number of US and European airports, which was later raised to $5 billion due to strong investor demand. Likewise JetBlue has originally approached the markets to raise $500 million before raising this to $750 million secured against slots at  airports in New York and Washington DC and intellectual property rights, with the deal struck