JetBlue’s Loan Companies Hire Special Advisors Over Repayment Concerns Of $8.4 Million Debt

A group of JetBlue Airways creditors has hired financial adviser PJT Partners and law firm Akin Gump as concerns grow over the airline’s ability to manage its debt and finance a turnaround. The group reportedly includes investors holding approximately $2 billion in bonds due in 2031 and a $742 million first-lien loan. The appointments suggest lenders are preparing for potential negotiations, although they do not mean JetBlue has filed for bankruptcy or agreed to restructure its obligations.