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JetBlue Signs $900 Million Deal for IAE Engines

New airline chooses International Aero Engines' V2500 engines for Airbus fleet

New York, NY, 07/14/1999 -- JetBlue has placed firm orders for 25 aircraft, scheduled for delivery from June 2000. The value of the firm business for IAE is $300 million.

David Neeleman, Chief Executive of JetBlue, said: "Choosing the airframe/engine combination for a new airline is a critical decision that can have a long-term impact on the future of an airline. We chose the V2500 because of its industry-leading performance and reliability and look forward to developing our strategic relationship with IAE."

Mike Field, IAE's Senior Vice President of Sales, said: "Winning this business from JetBlue is a notable success for the V2500. We are proud to have earned the confidence of the management team at JetBlue, and will demonstrate over the coming years that that confidence is well placed."

CONTACT:

JetBlue Corporate Communications
718-709-3089
corporatecommunications@jetblue.com