Icahn Takes Stake in JetBlue Airways, Discusses Board Seat

Activist Carl Icahn disclosed a 9.9% stake in JetBlue Airways calling it an undervalued and “attractive” investment opportunity and adding he was talking to management and the board about possible board representation. The disclosure came in a filing with the Securities and Exchange Commission on Monday. The filing said Icahn could add to the stake, dispose of it, engage in hedging, or enter a swap or other derivative transaction.