JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02(e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 23, 2017, JetBlue Airways Corporation (“JetBlue” or the “Company”) entered into a transition agreement with James F. Leddy, its former interim Chief Financial Officer. The transition arrangement provides that Mr. Leddy shall resign as SVP Treasurer and serve as an at-will advisor for the Company for up to six months, through September 1, 2017. During such advisory period, Mr. Leddy shall be paid his salary of $378,500. At the end of the advisory period, Mr. Leddy shall be eligible to be paid a lump sum payment of $351,812 as consideration for a release. The agreement includes reasonable and customary covenants, including non-solicitation, non-disparagement, non-competition, and confidentiality provisions, as well as flight benefits as provided to similarly situated individuals in accordance with Company policy.
About JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU)
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Company has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Company provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares includes different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Company also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. Its Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with Mint offering have over 160 seats. JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) Recent Trading Information
JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) closed its last trading session down -0.07 at 19.90 with 6,667,316 shares trading hands.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Company has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Company provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares includes different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Company also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. Its Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with Mint offering have over 160 seats. JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) Recent Trading Information
JETBLUE AIRWAYS CORPORATION (NASDAQ:JBLU) closed its last trading session down -0.07 at 19.90 with 6,667,316 shares trading hands.