JetBlue Becomes First Sustainability-Linked RCF for the Sector Linking the Airline’s Strategic Tangible ESG Results with Financial Incentive
Press Release
NEW YORK, February 27, 2020 /3BL Media/ - BNP Paribas, a premier global bank, today announced that it has closed a sustainability-linked loan (“SLL”) with JetBlue Airways (“JetBlue” or the “Company”), via an amendment to its existing Senior Secured Revolving Credit Facility (“RCF” or the “Facility”).
Inspiring the future of aviation is a responsibility that the JetBlue Foundation takes very seriously. No other airline has gone on record to solely focus on supporting aviation education. Our goal is to increase access to this industry we love so much.
Instead of requiring employees to volunteer for a favored company cause, JetBlue encourages crewmembers to follow their personal passions. "Wherever you want to go, whatever you want to do, however you want to help, that’s what we encourage you to do and then we reward you for it," said Icema Gibbs, JetBlue's Director of CSR in a recent Cause Talk Radio podcast interview.
JetBlue rang in the new year by pledging to offset carbon dioxide (CO2) emissions from jet fuel for all of its domestic flights beginning in July, the first such announcement from a major U.S. airline. The company also said it will start using sustainable aviation fuel in mid-2020 on its flights from San Francisco.
-- JetBlue to Go Carbon Neutral on All Domestic Flights by Offsetting Emissions Starting in 2020, Ramping up to Offset more than 15-17 Billion Pounds of CO2 Emissions Per Year --
-- JetBlue to Start Flying with Sustainable Aviation Fuel on Flights from San Francisco in 2020 --
Press Release
-- JetBlue to Go Carbon Neutral on All Domestic Flights by Offsetting Emissions Starting in 2020, Ramping up to Offset more than 15-17 Billion Pounds of CO2 Emissions Per Year --
-- JetBlue to Start Flying with Sustainable Aviation Fuel on Flights from San Francisco in 2020 --
Come to Queens, New York, and you’ll find yourself in the most ethnically diverse urban area in the world, where some 800 languages are spoken by people from all over the globe. That’s where JetBlue is based, and we couldn’t be prouder to be New York’s Hometown Airline. Our airline’s network now spans nearly 100 cities across the Americas (and will soon include Europe), with a crewmember and customer base that reflects that incredible diversity. We celebrate all our differences, whether they relate to our backgrounds, ages and abilities, our approaches or our gender identities.
NEW YORK, December 4, 2019 /3BL Media/ –JetBlue (NASDAQ:JBLU) is celebrating the latest milestone for its award-winning employer-sponsored education program – 250 degrees conferred in just three years. JetBlue’s innovative model goes beyond the traditional tuition reimbursement method. JetBlue Scholars launched in 2016 offering the airline’s crewmembers an opportunity to earn fully accredited undergraduate college degrees, with JetBlue covering most of the cost.
NEW YORK, December 2, 2019 /3BL Media/ – JetBlue (Nasdaq: JBLU) in partnership with JFK Millennium Partners (JMP), recently announced a new investment partner— infrastructure investor American Triple I Partners, a 100% minority-owned and managed business enterprise (MWBE).
November 8 was National STEM Day, a day focused on inspiring young people to explore and pursue careers in the fields of science, technology, engineering and math—and the JetBlue Foundation participated in two fantastic events with its grantee partners to commemorate the day.
