Exhibit 10.5

[AIRBUS LOGO]

Amendment No. 15

to the A320 Purchase Agreement
Dated as of April 20, 1999

between

AVSA, S.A.R.L.

and

JetBlue Airways Corporation

        This Amendment No. 15 (hereinafter referred to as the "Amendment") is
entered into as of February     , 2003, between AVSA, S.A.R.L., a societé â
responsibilité limitée organized and existing under the laws of the Republic of
France, having its registered office located at 2, Rond-Point Maurice Bellonte,
31700 Blagnac, France (hereinafter referred to as the "Seller"), and JetBlue
Airways Corporation, a corporation organized and existing under the laws of the
State of Delaware, United States of America, having its principal corporate
offices located 118-29 Queens Boulevard, 5th Floor, Forest Hills, New York 11375
USA (hereinafter referred to as the "Buyer").

WITNESSETH

        WHEREAS, the Buyer and the Seller entered into an A320 Purchase
Agreement, dated as of April 20, 1999, relating to the sale by the Seller and
the purchase by the Buyer of certain Airbus A320-200 aircraft (the "Aircraft"),
including twenty-five option aircraft (the "Option Aircraft"), which, together
with all Exhibits, Appendixes and Letter Agreements attached thereto and as
amended by Amendment No. 1, dated as of September 30, 1999, Amendment No. 2,
dated as of March 13, 2000, Amendment No. 3, dated as of March 29, 2000,
Amendment No. 4, dated as of September 29, 2000, Amendment No. 5 dated as of
November 7, 2000, Amendment No. 6 dated as of November 20, 2000, Amendment No. 7
dated as of January 29, 2001, Amendment No. 8 dated as of May 3, 2001, Amendment
No. 9 dated as of July 18, 2001, Amendment No. 10 dated as of November 16, 2001,
Amendment No. 11 dated as of December 31, 2001, Amendment No. 12 dated as of
April 19, 2002, Amendment No. 13 dated as of November 22, 2002 and Amendment
No. 14 dated as of December 18, 2002 is hereinafter called the "Agreement."

        WHEREAS the Buyer desires to firmly order and accelerate two (2) option
aircraft (the "Amendment No. 15 Exercised Options")

        NOW, THEREFORE, IT IS AGREED AS FOLLOWS

1.    DEFINITIONS

        1.1  Capitalized terms used herein and not otherwise defined herein will
have the meanings assigned to them in the Agreement. The terms "herein,"
"hereof" and "hereunder" and words of similar import refer to this Amendment.

2.    DELIVERY SCHEDULE

        2.1  The Buyer hereby exercises its option under Paragraph 2.1 of Letter
Agreement No. 4 to the Agreement to firmly order:

          (i)  Incremental A320 Option Aircraft No. 103 (CaC Id 104 443) and to
advance its delivery date from [***] to [***] 2003;

        (ii)  Amendment No. 11 Additional Option No. 104 (CaC Id 124 964) and to
advance its delivery date from [***] to [***] 2003.

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[***]   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.

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        2.2  As a consequence of the option exercise and the rescheduling of
Aircraft, the delivery schedule set forth in Clause 9.1.1 of the Agreement is
hereby canceled and replaced by the following quoted provisions:

        QUOTE:

CAC Id No.

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  Rank No.

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  Aircraft

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  Delivery

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41 199   No. 1   Firm Aircraft   [***] 2000 41 200   No. 2   Firm Aircraft  
[***] 2000 41 203   No. 3   Firm Aircraft   [***] 2000 41 201   No. 4   Firm
Aircraft   [***] 2000 41 202   No. 5   Firm Aircraft   [***] 2000 41 204   No. 6
  Firm Aircraft   [***] 2000
41 205
 
No. 7
 
Firm Aircraft
 
[***] 2001 41 206   No. 8   Firm Aircraft   [***] 2001 41 210   No. 9   Firm
Aircraft   [***] 2001 41 207   No. 10   Firm Aircraft   [***] 2001 41 208   No.
11   Firm Aircraft   [***] 2001 41 209   No. 12   Firm Aircraft   [***] 2001 41
228   No. 13   Firmly Ordered Option Aircraft   [***] 2001
41 211
 
No. 14
 
Firm Aircraft
 
[***] 2002 41 212   No. 15   Firm Aircraft   [***] 2002 41 218   No. 16   Firm
Aircraft   [***] 2002 41 224   No. 17   Firmly Ordered Option Aircraft   [***]
2002 41 227   No. 18   Firmly Ordered Option Aircraft   [***] 2002 41 225   No.
19   Firmly Ordered Option Aircraft   [***] 2002 41 213   No. 20   Firm Aircraft
  [***] 2002 41 214   No. 21   Firm Aircraft   [***] 2002 41 234   No. 22  
Amendment No. 11 Exercised Option   [***] 2002 41 215   No. 23   Firm Aircraft  
[***] 2002 41 216   No. 24   Firm Aircraft   [***] 2002 41 217   No. 25   Firm
Aircraft   [***] 2002 124 965   No. 26   Amendment No. 12 Exercised Option  
[***] 2002 41 235   No. 27   Amendment No. 11 Exercised Option   [***] 2002 41
220   No. 28   Firm Aircraft   [***] 2002 41 219   No. 29   Firm Aircraft  
[***] 2002
41 236
 
No. 30
 
Amendment No. 11 Exercised Option
 
[***] 2003 104 399   No. 31   New Firm A320 Aircraft   [***] 2003 41 237   No.
32   Amendment No. 11 Exercised Option   [***] 2003 124 966   No. 33   Amendment
No. 12 Exercised Option   [***] 2003 41 221   No. 34   Firm Aircraft   [***]
2003 41 238   No. 35   Amendment No. 11 Exercised Option   [***] 2003 41 222  
No. 36   Firm Aircraft   [***] 2003 104 400   No. 37   New Firm A320 Aircraft  
[***] 2003 104 401   No. 38   New Firm A320 Aircraft   [***] 2003 41 223   No.
39   Firm Aircraft   [***] 2003 104 402   No. 40   New Firm A320 Aircraft  
[***] 2003

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[***]   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.

2

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104 443   No. 41   Amendment No. 15 Exercised Option   [***] 2003 104 403   No.
42   New Firm A320 Aircraft   [***] 2003 124 964   No. 43   Amendment No. 15
Exercised Option   [***] 2003 41 226   No. 44   Firmly Ordered Option Aircraft  
[***] 2004 111 579   No. 45   Amendment No. 11 Exercised Option   [***] 2004 41
245   No. 46   Firmly Ordered Option Aircraft   [***] 2004 41 246   No. 47  
Firmly Ordered Option Aircraft   [***] 2004 41 229   No. 48   Amendment No. 11
Exercised Option   [***] 2004 41 247   No. 49   Firmly Ordered Option Aircraft  
[***] 2004 41 248   No. 50   Firmly Ordered Option Aircraft   [***] 2004 104 404
  No. 51   New Firm A320 Aircraft   [***] 2004 104 405   No. 52   New Firm A320
Aircraft   [***] 2004 42 230   No. 53   Amendment No. 11 Exercised Option  
[***] 2004 104 406   No. 54   New Firm A320 Aircraft   [***] 2004 104 407   No.
55   New Firm A320 Aircraft   [***] 2004 104 408   No. 56   New Firm A320
Aircraft   [***] 2004
104 409
 
No. 57
 
New Firm A320 Aircraft
 
[***] 2005 41 232   No. 58   Amendment No. 11 Exercised Option   [***] 2005 104
410   No. 59   New Firm A320 Aircraft   [***] 2005 104 411   No. 60   New Firm
A320 Aircraft   [***] 2005 41 233   No. 61   Amendment No. 11 Exercised Option  
[***] 2005 104 412   No. 62   New Firm A320 Aircraft   [***] 2005 104 413   No.
63   New Firm A320 Aircraft   [***] 2005 104 414   No. 64   New Firm A320
Aircraft   [***] 2005 104 415   No. 65   New Firm A320 Aircraft   [***] 2005 104
416   No. 66   New Firm A320 Aircraft   [***] 2005 104 417   No. 67   New Firm
A320 Aircraft   [***] 2005 104 418   No. 68   New Firm A320 Aircraft   [***]
2005
104 419
 
No. 69
 
New Firm A320 Aircraft
 
[***] 2006 104 420   No. 70   New Firm A320 Aircraft   [***] 2006 104 421   No.
71   New Firm A320 Aircraft   [***] 2006 104 422   No. 72   New Firm A320
Aircraft   [***] 2006 104 423   No. 73   New Firm A320 Aircraft   [***] 2006
104 424
 
No. 74
 
New Firm A320 Aircraft
 
[***] 2007 104 425   No. 75   New Firm A320 Aircraft   [***] 2007 104 426   No.
76   New Firm A320 Aircraft   [***] 2007 104 427   No. 77   New Firm A320
Aircraft   [***] 2007 104 428   No. 78   New Firm A320 Aircraft   [***] 2007
41 231
 
No. 79
 
Option Aircraft
 
[***] 2004

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[***]   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.

3

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124 967
 
No. 80
 
Amendment No. 11 Additional Option
 
[***] 2005 124 968   No. 81   Amendment No. 11 Additional Option   [***] 2005
124 959
 
No. 82
 
Amendment No. 11 Additional Option
 
[***] 2006 124 960   No. 83   Amendment No. 11 Additional Option   [***] 2006
124 961   No. 84   Amendment No. 11 Additional Option   [***] 2006 124 962   No.
85   Amendment No. 11 Additional Option   [***] 2006 124 963   No. 86  
Amendment No. 11 Additional Option   [***] 2006 41 239   No. 87   Option
Aircraft   [***] 2006 41 240   No. 88   Option Aircraft   [***] 2006
41 241
 
No. 89
 
Option Aircraft
 
[***] 2007 41 242   No. 90   Option Aircraft   [***] 2007 41 243   No. 91  
Option Aircraft   [***] 2007 41 244   No. 92   Option Aircraft   [***] 2007 69
719   No. 93   A320 Additional Option Aircraft   [***] 2007 69 720   No. 94  
A320 Additional Option Aircraft   [***] 2007 69 721   No. 95   A320 Additional
Option Aircraft   [***] 2007
69 722
 
No. 96
 
A320 Additional Option Aircraft
 
[***] 2008 69 723   No. 97   A320 Additional Option Aircraft   [***] 2008 69 724
  No. 98   A320 Additional Option Aircraft   [***] 2008 69 725   No. 99   A320
Additional Option Aircraft   [***] 2008 96 459   No. 100   A320 Additional
Option Aircraft   [***] 2008 104 439   No. 101   Incremental A320 Option
Aircraft   [***] 2008 104 440   No. 102   Incremental A320 Option Aircraft  
[***] 2008 104 441   No. 103   Incremental A320 Option Aircraft   [***] 2008 104
442   No. 104   Incremental A320 Option Aircraft   [***] 2008

        UNQUOTE

3.    PREDELIVERY PAYMENTS

        3.1  Upon signature of this Amendment, the Buyer will pay the Seller all
Predelivery Payments as provided in the Agreement due as a result of the option
exercise and rescheduling set forth in Paragraph 2. Consequently, an amount of
[***] by the Buyer to the Seller.

        3.2  [***]

4.    [***]

        [***]

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[***]   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.

4

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5.    EFFECT OF THE AMENDMENT

        The Agreement will be deemed amended to the extent herein provided, and,
except as specifically amended hereby, will continue in full force and effect in
accordance with its original terms. This Amendment supersedes any previous
understandings, commitments, or representations whatsoever, whether oral or
written, related to the subject matter of this Amendment.

        Both parties agree that this Amendment will constitute an integral,
nonseverable part of the Agreement and be governed by its provisions, except
that if the Agreement and this Amendment have specific provisions that are
inconsistent, the specific provisions contained in this Amendment will govern.

6.    CONFIDENTIALITY

        This Amendment is subject to the confidentiality provisions set forth in
Clause 22.5 of the Agreement.

7.    ASSIGNMENT

        Notwithstanding any other provision of this Amendment or of the
Agreement, this Amendment will not be assigned or transferred in any manner
without prior written consent of the Seller, and any attempted assignment or
transfer in contravention of the provisions of this Paragraph 7 will be void and
of no force or effect.

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        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers or agents on the dates written below.

    AVSA, S.A.R.L.
 
 
By:
 
/s/  MICHELE LASCAUX      

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Michele Lascaux
 
 
Its:
 
Director Contracts

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    Date:       

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JETBLUE AIRWAYS CORPORATION    
By:
 
/s/ THOMAS ANDERSON

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  Its:   Vice President

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    Date:   2/10/03

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