JetBlue Creditors Tap PJT Partners Amid Debt Load (mezha.net)

JetBlue's senior creditors are working with restructuring adviser PJT Partners as the airline carries $8.5 billion in debt and finance lease obligations. The carrier held $1.66 billion in cash and cash equivalents as of June 30, and its shares are down 42% this year. JetBlue is pursuing a financial and operational overhaul to cut costs and expand premium offerings.