Icahn Group Amends JetBlue Stake, Adds New Entities

TL;DR

**Carl Icahn just updated his JetBlue stake, adding new entities to his investment group.**

AI Summary

Carl C. Icahn and his affiliated entities, including Icahn Capital LP and Icahn Enterprises G.P. Inc., filed an SC 13D/A on February 16, 2024, regarding their ownership in JetBlue Airways Corp. This amendment indicates a change in their beneficial ownership, with the filing group now including 560 State Street LLC and Beckton Corp. The filing updates the previous Schedule 13D, reflecting ongoing investment activities by the Icahn Group in JetBlue.

Why It Matters

This filing signals Carl Icahn's continued strategic interest and potential influence over JetBlue Airways, which could lead to significant operational or governance changes for the airline.

Risk Assessment

Risk Level: medium — Icahn's involvement often signals potential activist investor actions, which can create volatility for the target company's stock.

Key Players & Entities

• Carl C. Icahn (person) — Filing party and beneficial owner
• JETBLUE AIRWAYS CORP (company) — Subject company
• ICAHN CAPITAL LP (company) — Group member
• ICAHN ENTERPRISES G.P. INC. (company) — Group member
• 560 STATE STREET LLC (company) — New group member

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• n2779_x211-sc13da.htm (SC 13D/A) — 20KB
• 0001539497-24-000533.txt ( ) — 22KB

of the Schedule 13D

Item 4 of the Schedule 13D is hereby amended to add the following at the end thereof: On February 16, 2024, the Reporting Persons and Messrs. Jesse Lynn and Steven Miller entered into a Director Appointment and Nomination Agreement (the “ Agreement ”) with the Issuer pursuant to which, among other things, (x) the Issuer has agreed to include Messrs. Lynn and Miller, as designees of the Reporting Persons, as observers on the Board of Directors of the Issuer (the “ Board ”) and, immediately following the 2024 annual meeting of stockholders of the Issuer, to appoint such designees to the Board and (y) the Reporting Persons have agreed not to take certain actions with respect to the Issuer during the periods described in the Agreement. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as an exhibit and incorporated herein by reference. Item 6 . Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer.

of the Schedule

Item 6 of the Schedule 13D is hereby amended to add the following at the end thereof: The disclosure set forth above in Item 4 is hereby incorporated herein by reference. Item 7 . Material to Be Filed as Exhibits . 1. Director Appointment and Nomination Agreement, dated February 16, 2024, by and among the Reporting Persons, Jesse Lynn, Steven Miller, and JetBlue Airways Corporation (incorporated by reference to Exhibit 10.1 to JetBlue Airways Corporation’s Form 8-K filed on February 16, 2024). SIGNATURE After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 16, 2024 ICAHN PARTNERS LP ICAHN ONSHORE LP ICAHN PARTNERS MASTER FUND LP ICAHN OFFSHORE LP ICAHN CAPITAL LP IPH GP LLC By: /s/ Jesse Lynn Name: Jesse Lynn Title: Chief Operating Officer BECKTON CORP. By: /s/ Ted Papapostolou Name: Ted Papapostolou Title: Vice President ICAHN ENTERPRISES HOLDINGS L.P. By: Icahn Enterprises G.P. Inc., its general partner ICAHN ENTERPRISES G.P. INC. By: /s/ Ted Papapostolou Name: Ted Papapostolou Title: Chief Financial Officer 560 State Street LLC By: /s/ Jesse Lynn Name: Jesse Lynn Title: Chief Operating Officer /s/ Carl C. Icahn CARL C. ICAHN

View Full Filing

View this SC 13D/A filing on SEC EDGAR