JetBlue's Third-Largest Shareholder Seeks Status Upgrade

Reported about 2 months ago

Vladimir Galkin, the third-largest shareholder of JetBlue Airways, holds an 8.1% stake in the struggling airline and has expressed a desire for greater ownership among the board members. Galkin, a Miami-based entrepreneur, aims for capital appreciation rather than operational changes, following the airline's recent leadership transition. He has received a premium status upgrade in JetBlue's frequent flyer program amidst his investment, which he considers a long-term bet despite JetBlue's ongoing financial struggles.

Source: YAHOO

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