JetBlue Announces Filing Of Registration Statement For Initial Public Offering Of Its Common Stock

JetBlue Airways Corporation announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to the initial public offering of its common stock. All of the shares are being offered by JetBlue.

The offering is being lead-managed by Morgan Stanley, the sole bookrunner. Merrill Lynch & Co. is the co-lead manager, and Raymond James & Associates and UBS Warburg are co-managers of this offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

JetBlue is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes. As of February 2002, JetBlue operated more than 100 flights per day, serving 18 cities in nine states. From its base in New York`s John F. Kennedy International Airport, JetBlue flies to: Fort Lauderdale, Tampa, Orlando, Fort Myers and West Palm Beach, FL; Buffalo, Rochester and Syracuse, NY; Long Beach, Ontario and Oakland, CA; Burlington, VT; New Orleans, LA; Denver, CO; Salt Lake City, UT; and Seattle, WA. The airline also serves Fort Lauderdale from Washington, DC.

When available, a copy of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley at 1585 Broadway, New York, NY 10036, (212) 761-4000.