Lufthansa and JetBlue Complete Stock Purchase Transaction
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NEW YORK and FRANKFURT, Germany, Jan. 22, 2008 (PRIME NEWSWIRE) -- JetBlue
Airways Corporation (Nasdaq:JBLU) and Deutsche Lufthansa AG (Xetra:WKN823212)
today completed their stock purchase agreement transaction in which Lufthansa
now holds a 19 percent stake in JetBlue.
With the conclusion of the financial transaction, Lufthansa and JetBlue will
begin exploring innovative commercial arrangements designed to benefit both
airlines and their customers.
New York-based JetBlue Airways has created a new airline category based on
value, service and style. Known for its award-winning service and free TV as
much as its low fares, JetBlue is now pleased to offer customers the most
legroom throughout coach (based on average fleet-wide seat pitch for U.S.
airlines). JetBlue introduced complimentary in-flight e-mail and instant
messaging services on aircraft "BetaBlue," a first among U.S. domestic airlines.
JetBlue is also America's first and only airline to offer its own Customer Bill
of Rights, with meaningful and specific compensation for customers
inconvenienced by service disruptions within JetBlue's control. Visit
www.jetblue.com/promise for details. JetBlue serves 53 cities with 550 daily
flights. With JetBlue, all seats are assigned, all travel is ticketless, all
fares are one-way, and an overnight stay is never required. For information or
reservations call 1-800-JETBLUE (1-800-538-2583) or visit www.jetblue.com.
DIRECTV(r) service is not available on flights outside the continental United
States; however, where applicable FOX InFlight(tm) is offered complimentary on
these routes. FOX InFlight(tm) is a trademark of Twentieth Century Fox Film
Corporation. JetBlue's in-flight entertainment service is provided by LiveTV, a
wholly owned subsidiary of JetBlue.
The JetBlue logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=795
This press release contains statements of a forward-looking nature which
represent our management's beliefs and assumptions concerning future events.
Forward-looking statements involve risks, uncertainties and assumptions, and are
based on information currently available to us. Actual results may differ
materially from those expressed in the forward-looking statements due to many
factors, including, without limitation, our extremely competitive industry;
increases in fuel prices, maintenance costs and interest rates; our ability to
implement our growth strategy, including the ability to operate reliably the
EMBRAER 190 aircraft; our significant fixed obligations; our ability to attract
and retain qualified personnel and maintain our culture as we grow; our reliance
on high daily aircraft utilization; our dependence on the New York metropolitan
market and the effect of increased congestion in this market; our reliance on
automated systems and technology; our being subject to potential unionization;
our reliance on a limited number of suppliers; changes in or additional
government regulation; changes in our industry due to other airlines' financial
condition; and external geopolitical events and conditions. Further information
concerning these and other factors is contained in the Company's Securities and
Exchange Commission filings, including but not limited to, the Company's 2006
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no
obligation to update any forward-looking statements to reflect events or
circumstances that may arise after the date of this release.
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CONTACT: JetBlue Airways Corporation
Corporate Communications
+1 (718) 709-3089
CorpComm@jetblue.com
For Reservations
800-JETBLUE (800-538-2583)
www.jetblue.com
Deutsche Lufthansa AG
Corporate Communications
Stefanie Stotz
+49 69-696-2999
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