JetBlue Airways Corporation (NASDAQ: JBLU) has announced that it intends to offer some 20 million shares of common stock.  It also plans to offer an aggregate of $150 million in convertible debentures in two series.

The rate, terms, conversions, and more will be negotiated at the sale.  Morgan Stanley will be the lead underwriter for both offerings; and JPMorgan and Goldman Sachs listed as the co-managers for the debenture offerings.  JetBlue will give the underwriters and overallotment option of 3 million shares of common stock and $1.25 million in each series of debentures.

The release also noted that 15.6% of the offerings will be reserved for Lufthansa for it to maintain its stake  in the airline.

JetBlue shares rose over 3% to $5.03 today and its 52-week trading range is $2.81 to $7.74.  Shares are trading down around $4.75 in the after-hours session.

JON C. OGG
June 2, 2009