George Ferguson, senior intelligence analyst at Bloomberg Intelligence, has highlighted that Carl Ichan will “likely use his almost 10% stake in JetBlue to push for changes, including taking the company private or push for a new merger or potential acquisitions”. Ichan, who disclosed a 9.91% stake in the US airline via a securities and exchange filing, said he acquired them “in the belief that they were undervalued and represented an attractive investment opportunity”. He added that he also intends to pursue discussions with JetBlue’s board of directors “regarding the possibility of board representation”. Although a merger or acquisition with another

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