January 16, 2025 - 17:49
Global law firm White & Case LLP, in collaboration with JetBlue Airways, has been recognized with the "Structured Finance Deal of the Year" award at the Airline Economics' 2025 Aviation 100 Global Leaders Awards. This accolade highlights their successful partnership in navigating a significant financial transaction.
The award-winning deal involved White & Case advising JetBlue Airways Corporation and JetBlue Loyalty, LP on the issuance of an impressive US$2 billion in senior secured notes, which carry a 9.875 percent interest rate and are set to mature in 2031. In addition to this, the firm facilitated the simultaneous closing of a US$765 million senior secured term loan.
Both financial instruments are secured by JetBlue's loyalty assets, showcasing the airline's innovative approach to leveraging its customer loyalty program for substantial funding. This recognition underscores the strategic importance of structured finance in the aviation industry and highlights the expertise of White & Case in handling complex financial transactions.
