Martin St. George has been named President of JetBlue Airways Corporation, starting February 26, 2024, the company announced on February 7, 2024

.After more than thirty years in the airline business in both North America and Europe, Mr. St. George, fifty-nine, most recently held the position of Chief Commercial Officer of LATAM Airlines Group S.A., starting in 2020. Mr. St. George began serving as Norwegian Air Shuttle ASA’s interim chief commercial officer in 2019 before joining LATAM. He held a number of executive roles with JetBlue from 2006 to 2019, including Chief Commercial Officer from 2015 to 2019. Mr. St. George graduated from the Massachusetts Institute of Technology with a degree in civil engineering.The Company signed an offer letter with Mr. St. George in connection with his appointment, which states that he will get a basic pay of $625,000 per year. A target bonus, equivalent to no less than 125% of his yearly base salary, will also be available to him, contingent on both individual and company performance. This incentive will be paid in 2024. The offer letter from Mr. St. George stipulates a $500,000 sign-on incentive that is contingent on success. The bonus is given out in two equal payments; the first is paid thirty days after the employee’s start date, and the second is paid thirty days after the employee’s start date anniversary. If Mr. St. George does not reach the performance targets or is not employed actively through February 15, 2026, the bonus may be refunded.The JetBlue Airways Corporation 2020 Omnibus Equity Incentive Plan will also entitle Mr. St. George to yearly long-term incentive equity awards. The target value of his 2024 award is $2,000,000. Of that amount, 50% will be restricted stock units, which vest in equal annual installments starting on the first anniversary of the grant date, provided he continues to be employed. The remaining 50% will be performance stock units, which vest in accordance with the Company’s performance over a three-year performance period. Furthermore, Mr. St. George will be eligible for retirement eligible vesting requirements that pertain to the Company’s equity award program once again if he continues to serve the Company continuously for an additional three years.