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Exhibit 10.1

[Logo of International Aero Engines]

IAE Building
400 Main Street
East Hartford, CT 06108 USA

24 March 2003

JetBlue Airways Corporation
19 Old Kings Highway South, Suite 23
Darien, Connecticut 06820
Attention: Vice President and Treasurer

Subject:   Side letter No. 12 to the V2500 General Terms of Sale Agreement
between JetBlue Airways Corporation and IAE International Aero Engines AG dated
May 4, 1999

Dear Tom:

        We refer to the V2500 General Terms of Sale Agreement between JetBlue
Airways Corporation ("JetBlue") and IAE International Aero Engines AG ("IAE")
dated May 4, 1999 (the "Agreement"). Capitalized terms used herein which are not
otherwise defined shall have the same meaning as those given to them in the
Agreement.

        IAE agrees that with respect to the first Aircraft scheduled for
delivery in [***]2004, that such Aircraft will now be scheduled for delivery in
[***]2003. IAE and JetBlue hereby agree to amend the delivery schedule
accordingly to reflect such change in delivery dates.

        Except as expressly amended by this Side Letter No. 13 all provisions of
the Contract remain in full force and effect.

Very truly yours,
IAE International Aero Engines AG   Agreed to and Accepted on behalf of:
JetBlue Airways Corporation
/s/  JACK PHILLIPS      
 
/s/  THOMAS ANDERSON      

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Name   Name
 
 
  Sr. VP Customer Business   Vice President

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Title   Title
 
 
  March 25, 2003   March 25, 2003

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Date   Date

[***]
 
Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

IAE PROPRIETARY INFORMATION

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IAE PROPRIETARY INFORMATION