JetBlue Creditors Hire Advisers as Stock, Debt Sink — SkimNews
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- JetBlue creditors hired bankruptcy advisers as the airline’s debt concerns grew.
- PJT Partners is working with JetBlue’s creditors as a restructuring adviser.
- JetBlue’s shares and bonds sank as the airline’s lenders organized.
- JetBlue’s stock and debt fell to record lows before lenders organized their response.
Why it matters: Both cited market measures—stock and debt—fell to record lows, leaving shareholders and bondholders on the losing side of the move. The lender response is also concrete: creditors are working with PJT Partners, a named restructuring adviser, as debt concerns grow.
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