(Bloomberg) -- JetBlue Airways Corp. investor Vladimir Galkin, a Florida entrepreneur, has increased his stake in the carrier to 9.98% and says he’s met with...
-- JetBlue Airways Corp. investor Vladimir Galkin , a Florida entrepreneur, has increased his stake in the carrier to 9.98% and says he’s met with top executives to discuss a possible board seat.World's Second-Tallest Tower Tests Malaysia's Appetite for More Skyscrapers
“I have not decided whether I want to become a director,” he said. “Any consideration would, of course, require further discussions with the board and adhering to their nominating process.” The airline is in the midst of a turnaround effort after federal judges blocked a planned acquisition and a partnership with another carrier, limiting its growth prospects. Geraghty has detailed plans to pull out of some cities and delay $3 billion in new aircraft purchases to help control persistently high costs. The airline will shift its focus back to leisure customers in its original strongholds of New York, New England, Florida and Puerto Rico.
Galkin has had, and intends to continue to have, discussions with JetBlue executives and board members “regarding the possibility of board representation,” according a regulatory filing Thursday. He may communicate with the board, management or other investors about operational, strategic, financial or governance matters, it said.
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