JetBlue’s creditors are hiring “restructuring advisers” as its debt trades at distressed prices. That is troubling news for an airline trying to turn itself around, but it could also create a remarkable opportunity for United Airlines. As much as I personally do not want to see such a merger, I’m increasingly convinced that United Airlines CEO Scott Kirby is waiting like a crouching tiger to pounce on JetBlue’s position at New York JFK and in South Florida…provided he can acquire it on terms that make sense.

JetBlue’s Debt Troubles Put A Potential United Acquisition Back In Focus

As View From The Wing discusses , JetBlue’s financial position is attracting increasingly serious scrutiny from its lenders. The Wall Street Journal reports that a group of senior creditors is working with financial adviser PJT Partners and law firm Akin.…