Originally Posted by
SmitteyB
This is why I think the leadership should do a sale-leaseback of all unencumbered airplanes and do a stock buyback. Maybe drive up the stock price enough to get Carl to go away. If he can't extract money, he will go away.
Sure it leaves the airline riddled with debt and would possibly be insolvent at some point, but at least it stops the humiliation of being parted out by a vulture.
im just thinking out loud.
Aside from the planes, he’d be able to extract value from other things like the attractive gate and slot portfolio JetBlue currently holds. If all these things get sold off, it will make JetBlue not only less viable as a standalone but also less attractive for the possibility of a future buyer. I would certainly hope the other board members wouldn’t vote in favor of stripping JetBlue of its assets just so Icahn can get his dividends.