There are reports coming out of Brazil that JetBlue founder David Neeleman is putting together an investment fund with the purpose of acquiring the company he left five years ago and merging it with his Brazilian startup carrier, but Neeleman says that’s all a lot of hot air. [More]
Founder of JetBlue David “Mortified” Neeleman is no longer the CEO of his company, effective immediately. He’ll continue on as “non-executive chairman,” and play a “more strategic role.” Whatever that means.
(Disclaimer: The author owns JetBlue stock.)
With JetBlue back in the air, we wanted to commend their ability to make the best of a horrible situation. Before we do, Mark Ashley pointed out several weaknesses in JetBlue’s Bill of Rights that we must first address.