Vladimir Galkin Increases Stake in JetBlue Airways to 10% and Seeks Board Representation

On April 23, 2026, Vladimir Galkin filed an amendment to Schedule 13D disclosing an increased stake in JetBlue Airways Corp (JBLU). The reporting group, which includes Vladimir Galkin, Angelica Galkin, and the Angelica Galkin Revocable Trust, now beneficially owns 37,200,000 shares of Common Stock, representing approximately 10.0% of the class. This position includes 2,000,000 shares held jointly by the Galkins and 35,200,000 shares held by the Trust. The most recent transaction involved the purchase of 2,590,395 shares in the open market on April 8, 2026, at a weighted-average price of $5.00 per share. The acquisitions were funded through personal funds and margin account borrowings totaling approximately $225.8 million. The reporting persons indicated that the investment was made for strategic purposes and they have initiated discussions with JetBlue management and the Board regarding potential board representation to maximize shareholder value. They reserve the right to acquire additional shares or suggest further corporate changes.