UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4*)
JETBLUE AIRWAYS CORPORATION
Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
477143101
(CUSIP Number)
DECEMBER 31, 2005
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on the following page(s)
Page 1 of 17 Pages
Exhibit Index: Page 12
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 2 OF 17 PAGES
1 Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
QUANTUM INDUSTRIAL PARTNERS LDC
2 Check the Appropriate Box if a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
CAYMAN ISLANDS
5 Sole Voting Power
Number of
Shares 16,719,082
Beneficially 6 Shared Voting Power
Owned By 0
Each 7 Sole Dispositive Power
Reporting 16,719,082
Person 8 Shared Dispositive Power
With 0
9 Aggregate Amount of Beneficially Owned by Each Reporting Person
16,719,082
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
11 Percent of Class Represented By Amount in Row (9)
9.7%
12 Type of Reporting Person (See Instructions)
OO; IV
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 3 OF 17 PAGES
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
QIH MANAGEMENT INVESTOR, L.P.
2 Check the Appropriate Box if a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
DELAWARE
Number of 5 Sole Voting Power
Shares
Beneficially 16,719,082
Owned By 6 Shared Voting Power
Each 0
Reporting 7 Sole Dispositive Power
Person 16,719,082
With 8 Shared Dispositive Power
0
9 Aggregate Amount of Beneficially Owned by Each Reporting Person
16,719,082
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
11 Percent of Class Represented By Amount in Row (9)
9.7%
12 Type of Reporting Person (See Instructions)
PN; IA
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 4 OF 17 PAGES
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
QIH MANAGEMENT LLC
2 Check the Appropriate Box if a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
DELAWARE
Number of
Shares 5 Sole Voting Power
Beneficially
Owned By 16,719,082
Each 6 Shared Voting Power
Reporting 0
Person 7 Sole Dispositive Power
With 16,719,082
8 Shared Dispositive Power
0
9 Aggregate Amount of Beneficially Owned by Each Reporting Person
16,719,082
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
11 Percent of Class Represented By Amount in Row (9)
9.7%
12 Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 5 OF 17 PAGES
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
SOROS FUND MANAGEMENT LLC
2 Check the Appropriate Box if a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
DELAWARE
Number of 5 Sole Voting Power
Shares
Beneficially 16,719,082
Owned By 6 Shared Voting Power
Each 0
Reporting 7 Sole Dispositive Power
Person 16,719,082
With 8 Shared Dispositive Power
0
9 Aggregate Amount of Beneficially Owned by Each Reporting Person
16,719,082
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
11 Percent of Class Represented By Amount in Row (9)
9.7%
12 Type of Reporting Person (See Instructions)
OO; IA
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 6 OF 17 PAGES
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
GEORGE SOROS (in the capacity described herein)
2 Check the Appropriate Box if a Member of a Group (See Instructions)
a. [ ]
b. [X]
3 SEC Use Only
4 Citizenship or Place of Organization
UNITED STATES
Number of 5 Sole Voting Power
Shares
Beneficially 19,377,806
Owned By 6 Shared Voting Power
Each 5,686,762
Reporting 7 Sole Dispositive Power
Person 19,377,806
With 8 Shared Dispositive Power
5,686,762
9 Aggregate Amount of Beneficially Owned by Each Reporting Person
25,064,568
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
11 Percent of Class Represented By Amount in Row (9)
14.5%
12 Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 7 OF 17 PAGES
ITEM 1(a) NAME OF ISSUER:
JetBlue Airways Corporation (the "Issuer").
ITEM 1(b) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
118-29 Queens Boulevard
Forest Hills, New York 11375
ITEM 2(a) NAME OF PERSON FILING:
This statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
(i) Quantum Industrial Partners LDC ("QIP");
(ii) QIH Management Investor, L.P. ("QIHMI");
(iii) QIH Management LLC ("QIH Management");
(iv) Soros Fund Management LLC ("SFM LLC"); and
(v) Mr. George Soros ("Mr. Soros").
This statement relates to Shares (as defined herein) held for the accounts
of QIP, SFM Domestic Investments LLC, a Delaware limited liability company ("SFM
Domestic Investments"), and Open Society Institute, a New York trust ("OSI").
QIHMI, an investment advisory firm is a minority shareholder of, and is
vested with investment discretion with respect to portfolio assets held for the
account of, QIP. The sole general partner of QIHMI is QIH Management. SFM LLC is
the sole managing member of QIH Management. Mr. Soros is the Chairman of SFM
LLC, the sole managing member of SFM Domestic Investments and a trustee of OSI.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address and principal business office of each of QIHMI, QIH Management,
SFM LLC, and Mr. Soros is 888 Seventh Avenue, 33rd Floor, New York, New York,
10106. The address of the principal business office of QIP is Kaya Flamboyan 9,
Willemstad, Curacao, Netherlands Antilles.
ITEM 2(c) CITIZENSHIP:
(i) QIP is a Cayman Islands exempted limited duration company;
(ii) QIHMI is a Delaware limited partnership;
(iii) QIH Management is a Delaware limited liability company;
(iv) SFM LLC is a Delaware limited liability company; and
(v) Mr. Soros is United States citizen.
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 8 OF 17 PAGES
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.0.01 par value per share (the "Shares").
ITEM 2(e) CUSIP NUMBER:
477143101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240.13d-1(b) OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
This Item 3 is not applicable.
ITEM 4. OWNERSHIP:
ITEM 4(a) AMOUNT BENEFICIALLY OWNED:
As of December 31, 2005, each of the Reporting Persons may be deemed to be
the beneficial owner of the following number of Shares:
(i) Each of QIP, QIHMI, QIH Management and SFM LLC may be deemed the
beneficial owner of the 16,705,582 Shares held for the account of
QIP and 13,500 Shares issuable upon exercise of 13,500 Options
held for the benefit of QIP.
(ii) Mr. Soros may be deemed the beneficial owner of 25,064,568
Shares. This number consists of (A) 16,705,582 Shares held for
the account of QIP and 13,500 Shares issuable upon exercise of
13,500 Options held for the benefit of QIP (B) 2,658,724 Shares
held for the account of SFM Domestic Investments, and (C)
5,686,762 Shares held for the account of OSI.
ITEM 4(b) PERCENT OF CLASS:
(i) The number of Shares of which QIP, QIHMI, QIH Management and SFM
LLC may be deemed the beneficial owner constitutes approximately
9.7% of the total number of Shares outstanding (based upon
information provided by the Issuer the total number of Shares
outstanding as of February 3, 2006 was 172,981,761).
(ii) The number of Shares of which Mr. Soros may be deemed the
beneficial owner constitutes approximately 14.5% of the total
number of Shares outstanding.
ITEM 4(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
QIP
(i) Sole power to vote or to direct the vote: 16,719,082
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 16,719,082
(iv) Shared power to dispose or to direct the disposition of: 0
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 9 OF 17 PAGES
QIHMI
(i) Sole power to vote or to direct the vote: 16,719,082
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 16,719,082
(iv) Shared power to dispose or to direct the disposition of: 0
QIH MANAGEMENT
(i) Sole power to vote or to direct the vote: 16,719,082
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 16,719,082
(iv) Shared power to dispose or to direct the disposition of: 0
SFM LLC
(i) Sole power to vote or to direct the vote: 16,719,082
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 16,719,082
(iv) Shared power to dispose or to direct the disposition of: 0
MR. SOROS
(i) Sole power to vote or to direct the vote: 19,377,806
(ii) Shared power to vote or to direct the vote: 5,686,762
(iii) Sole power to dispose or to direct the disposition of: 19,377,806
(iv) Shared power to dispose or to direct the disposition of: 5,686,762
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
This Item 5 is not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
(i) The shareholders of QIP, including Quantum Industrial Holdings Ltd., a
British Virgin Islands international business company, have the right
to participate in the receipt of dividends from, or proceeds from the
sale of, the Shares held for the account of QIP in accordance with
their ownership interests in QIP.
(ii) Certain members of SFM Domestic Investments have the right to
participate in the receipt of dividends from, and proceeds from the
sale of, the Shares held for the account of SFM Domestic Investments
in accordance with their membership interests in SFM Domestic
Investments.
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 10 OF 17 PAGES
(iii) OSI has the sole right to participate in the receipt of dividends
from, and proceeds from the sale of, the Shares held for its account.
The inclusion of securities held for the account of OSI shall not be deemed
an admission that Mr. Soros has or may be deemed to have beneficial ownership of
such securities.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
This Item 7 is not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
This Item 8 is not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
This Item 9 is not applicable.
ITEM 10. CERTIFICATION:
This Item 10 is not applicable.
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 11 OF 17 PAGES
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2006 QUANTUM INDUSTRIAL PARTNERS LDC
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Attorny-in-Fact
Date: February 14, 2006 QIH MANAGEMENT INVESTOR, L.P.
By: QIH Management LLC,
its General Partner
By: Soros Fund Management LLC,
its Managing Member
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 QIH MANAGEMENT LLC
By: Soros Fund Management LLC,
its Managing Member
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 SOROS FUND MANAGEMENT LLC
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 GEORGE SOROS
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Attorny-in-Fact
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 12 OF 17 PAGES
EXHIBIT INDEX
Page No.
A. Joint Filing Agreement, dated as of February 14, 2006, by and among
Quantum Industrial Partners LDC, QIH Management Investor, L.P., QIH
Management LLC, Soros Fund Management LLC and Mr. George Soros 13
B. Power of Attorney, dated June 16, 2005, granted by Mr. George Soros in
favor of Mr. Armando T. Belly, Ms. Jodye Anzalotta, Ms. Maryann
Canfield, Mr. Jay Schoenfarber and Mr. Robert
Soros....................................................... 14
C. Power of Attorney, dated September 30, 2005, granted by Quantum
Industrial Partners LDC in favor of Ms. Jodye Anzalotta, Mr.
Armando Belly, Ms. Maryann Canfield, Mr. Gavin Murphy, Mr. Jay
Schoenfarber, Mr. Robert Soros and Mr. Abbas F.
Zuaiter............................................................. 15
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 13 OF 17 PAGES
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that Amendment No. 4 to the Schedule 13G with
respect to the Common Stock, $0.01 par value per share, of JetBlue Airways
Corporation, dated as of February 10, 2006, is, and any amendments thereto
(including amendments on Schedule 13D) signed by each of the undersigned shall
be, filed on behalf of each of us pursuant to and in accordance with the
provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
Date: February 14, 2006 QUANTUM INDUSTRIAL PARTNERS LDC
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Attorney-in-Fact
Date: February 14, 2006 QIH MANAGEMENT INVESTOR, L.P.
By: QIH Management LLC,
its General Partner
By: Soros Fund Management LLC,
its Managing Member
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 QIH MANAGEMENT LLC
By: Soros Fund Management LLC,
its Managing Member
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 SOROS FUND MANAGEMENT LLC
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Assistant General Counsel
Date: February 14, 2006 GEORGE SOROS
By: /s/ Jodye M. Anzalotta
---------------------------------
Jodye M. Anzalotta
Attorney-in-Fact
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 14 OF 17 PAGES
EXHIBIT B
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make,
constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN
CANFIELD, JAY SCHOENFARBER and ROBERT SOROS. acting individually, as my agent
and attorney-in-fact for the purpose of executing in my name, (a) in my personal
capacity or (b) in my capacity as Chairman of, member of or in other capacities
with Soros Fund Management LLC ("SFM LLC") and each of its affiliates or
entities advised by me or SFM LLC, all documents, certificates, instruments,
statements, filings and agreements ("documents") to be filed with or delivered
to any foreign or domestic governmental or regulatory body or required or
requested by any other person or entity pursuant to any legal or regulatory
requirement relating to the acquisition, ownership, management or disposition of
securities, futures contracts or other investments, and any other documents
relating or ancillary thereto, including without limitation all documents
relating to filings with the Commodity Futures Trading Commission and National
Futures Association, the United States Securities and Exchange Commission (the
"SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of
1934 (the "Act") and the rules and regulations promulgated thereunder, including
all documents relating to the beneficial ownership of securities required to be
filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any
information statements on Form 13F required to be filed with the SEC pursuant to
Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are
hereby ratified and confirmed.
Execution of this power of attorney revokes that certain Power of Attorney dated
as of the 11th March 2005 with respect to the same matters addressed above.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 16th day of June
2005.
GEORGE SOROS
/s/ Daniel Eule
-------------------------------------
Daniel Eule
Attorney-in-Fact for George Soros
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 15 OF 17 PAGES
EXHIBIT C
QUANTUM INDUSTRIAL PARTNERS LDC
LIMITED POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that the undersigned QUANTUM INDUSTRIAL
PARTNERS LDC (the "Company"), an exempted limited duration company organized and
existing under the laws of the Cayman Islands, does, pursuant to duly adopted
resolutions of its managing director dated as of the date hereof, hereby
designate, constitute and appoint:
JODYE ANZALOTTA of 888 Seventh Avenue, New York, New York 10106;
ARMANDO BELLY of 888 Seventh Avenue, New York, New York 10106;
MARYANN CANFIELD of 888 Seventh Avenue, New York, New York 10106;
GAVIN MURPHY of 888 Seventh Avenue, New York, New York 10106;
JAY SCHOENFARBER of 888 Seventh Avenue, New York, New York 10106;
ROBERT SOROS of 888 Seventh Avenue, New York, New York 10106;
ABBAS F. ZUAITER of 888 Seventh Avenue, New York, New York 10106;
or any one of them, acting singly and not jointly, with power of substitution,
as its true and lawful agents and attorneys-in-fact (each, an
"Attorney-in-Fact"):
(1) to open accounts of any kind or nature whatsoever at any institution of any
kind or nature whatsoever in any jurisdiction or location (a "Financial
Institution") and to sign related account opening documents for the
Company;
(2) to give instructions for the settlement of transactions relating to the
acquisition, disposition and holding for the Company's account of:
(a) any securities, debt obligations, commodities and currencies;
(b) any puts, calls or other options, any contracts for forward or future
delivery, and any other contracts of any kind relating to any of the
foregoing;
(c) any derivative instruments of any kind pertaining to, or providing
investment exposure with respect to, any of the foregoing, whether
relating to a specific security, debt instrument, commodity or
currency, or relating to a basket or index comprised, or based in
changes in the level of prices, rates or values, of any group or
combination thereof;
(d) any other instruments or contracts of a kind dealt in by security or
commodity brokers or dealers, or other Financial Institutions;
(e) any combination of any of the foregoing;
in each case whether now existing or hereafter developed, and whether the
transaction is effected on any securities or commodity exchange, board of trade
or contract market or through any inter-dealer or other
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 16 OF 17 PAGES
over-the-counter market in any jurisdiction or location (including, without
limiting the generality of the foregoing, capital stock; shares or other units
of mutual funds and investment companies; preorganization certificates and
subscriptions; warrants; partnership interests or units; bonds, notes and
debentures, whether subordinated, convertible or otherwise, and whether issued
by a governmental or private issuer; commercial paper; certificates of deposit;
bankers acceptances; trade acceptances; trust receipts; depository receipts;
assignments of or participations in bank loans; trade credit claims; equity
swaps, commodity swaps and interest rate swaps; equity index contracts; interest
rate index contracts; repurchase agreements and reverse repurchase agreements;
master agreements; and guaranties);
(3) to give instructions or make arrangements for:
(a) trading on margin;
(b) effecting short sales;
(c) entering into repurchase agreements;
(d) otherwise obtaining credit or borrowing funds or any securities or
other instruments or assets; and
(e) providing collateral security in relation to any of the foregoing
in connection with the acquisition, financing or re-financing, carrying or
disposition of any of the items referred to in paragraph (2) above, and to
cover, discharge or otherwise terminate any of the foregoing arrangements;
(4) to give instructions for payments and deliveries in connection with any of
the foregoing transactions;
(5) to exercise all rights, powers and privileges appurtenant to the ownership,
and any related financing, of any item held for the Company's account
(including the right to vote or consent, and the right to lend any such
item to any other person);
(6) to execute and deliver, in the name of and on behalf of the Company, any
investment management agreements and discretionary trading authorizations
with investment advisers other than Soros Fund Management LLC and any and
all such other agreements, deeds, instruments, receipts, certificates and
other documents in connection therewith; and
(7) to execute all such documents and to take all such other actions as any of
them may consider necessary or advisable in connection with any of the
foregoing.
Each Attorney-in-Fact is hereby authorized and empowered to perform all
other acts and deeds, which he or she in his or her sole discretion deems
necessary or appropriate to carry out to the fullest extent the terms and the
intent of the foregoing. All past acts of each Attorney-in-Fact in furtherance
of the foregoing are hereby ratified and confirmed.
Execution of this Limited Power of Attorney shall constitute a revocation
of any and all previously executed limited powers of attorney of the Company
appointing attorneys-in-fact to open accounts of any kind and nature whatsoever,
sign opening documents and take all the actions set forth in this Limited Power
of Attorney. This Power of Attorney shall expire on October 1, 2006.
SCHEDULE 13G
CUSIP NO.: 477143101 PAGE 17 OF 17 PAGES
IN WITNESS WHEREOF, the undersigned has caused this instrument to be
executed effective as of the 30th day of September 2005.
QUANTUM INDUSTRIAL PARTNERS LDC
By: /s/ S. Cras /s/ G. Sint Jago
--------------------------------
Curacao Corporation N.V.
Managing Director