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JetBlue Creditors Hire Bankruptcy Advisers—As $2 Billion In Frequent Flyer Debt Hits 42 Cents On The Dollar
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JetBlue Creditors Hire Bankruptcy Advisers—As $2 Billion In Frequent Flyer Debt Hits 42 Cents On The Dollar

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Creditors are organizing as JetBlue burns cash waiting for its premium turnaround to pay off. United could find parts of the airline attractive after a restructuring, but that wouldn’t necessarily preserve anything for today’s shareholders.

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