Jetblue Airways Corporation · NASDAQ:JBLU
Jetblue Airways — IPO Roadshow (August 2020)
11 slides from Jetblue Airways's IPO roadshow presentation, Aug 13, 2020
Slide 1: 2019-1 Class B EETC Investor Presentation
2019 -1 Class B EETC Investor Presentation August 13, 2020 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-230007 August 13, 2020
Slide 2: Important Disclosures
IMPORTANT DISCLOSURES Statements in this presentation (or otherwise made by JetBlue or on JetBlue’s behalf) contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of
Slide 3: Transaction Overview
1 TRANSACTION OVERVIEW (1) Initial / Max LTV for the Class B Certificates is calculated as of August 27, 2020, which is the assumed closing date of the offering (the “Class B Issuance Date”) and includes the expected outstanding principal amount of the Class AA and Class A Certificates as of such da
Slide 4: JetBlue Airways Series 2019-1B EETC Structural Summary
(1) As of the Class B Issuance Date (2) Current ratings included for existing Certificates and expected ratings included for Class B Certificates (3) Initial / Max LTVs for the Class AA, Class A, and Class B Certificates are calculated as of the Class B Issuance Date (4) Calculated as of Class B Iss
Slide 5: Key Structural Elements
3 KEY STRUCTURAL ELEMENTS One Class of Certificates Offered Class B Certificates will benefit from a separate liquidity facility covering three consecutive semi-annual interest payments Waterfall Same waterfall both before and after an event of default Interest on Eligible Pool Balance of the Class
Slide 6: Debt Balance and Aircraft Value Profile
(1) Debt Balance for each class of Certificates indicates, as of any date, after giving effect to any principal distributions expected to be made on such date, the portion of the original face amount of such class of Certificates that has not been distributed to holders of such class of Certificates
Slide 7: Aircraft Collateral Summary
5 AIRCRAFT COLLATERAL SUMMARY (1) The LMM appraised values as appraised by ASG, BK and MBA. The appraised values provided by BK are presented as of July 1, 2020. The appraised values provided by ASG and MBA are presented as of July 2020. Each appraisal indicates the appraised base value of each airc
Slide 8: Young, Narrowbody Assets Secure JBLU 2019-1 EETC
JBLU 2019-1 The JBLU 2019-1 collateral pool consists entirely of narrowbody aircraft that were delivered new to JetBlue between February 2017 and December 2018 Of the 35 aircraft delivered to JetBlue since 2017, 25 are included in the JBLU 2019-1 collateral pool. These aircraft represent some of Jet
Slide 9: The Collateral: Airbus A321-200
The Airbus A321-200 has continued the heritage of the A320 family’s “most marketable aircraft” reputation 7 THE COLLATERAL: AIRBUS A321-200 Source: Cirium Fleets Analyzer, Ascend Asset Market Commentary as of Q2 2020 Recent vintages of the A321-200 have been able to command higher market valuations
Slide 10: Strategic Importance to JetBlue: Position of Collateral in Fleet
Strategic Importance to JetBlue 8 2019-1B POSITION OF COLLATERAL IN JETBLUE'S FLEET Source: JetBlue as of July 14, 2020 A321-231HD (200 Core Seats) A321-231LD (143 Core, 16 Mint Seats) The seven A321-231HD aircraft included in the JBLU 2019-1 portfolio offer 38 more seats than a restyled A320, enabl
Slide 11: jetBlue
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