Vladimir Galkin, the second-largest shareholder in JetBlue Airways (B6, New York JFK), is considering selling his nearly 10% stake in the carrier if the company’s cost-cutting plan fails to turn around its performance, Reuters reported.

Galkin, living in Miami, invested over USD200 million in JetBlue between February and August 2024. According to a September 2024 filing to the US Securities and Exchange Commission, he owned over 34.6 million shares, representing 9.98% of the company at that time….

Source: ch aviation
Read more: Second-largest shareholder in US’s JetBlue mulls share exit