IAE
PROPRIETARY INFORMATION

EXHIBIT
10.3







IAE
Building
400 Main Street
East Hartford, CT 06108
USA

July  6,  2006

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

		
	Subject: 	Side Letter No. 20
to the V2500 General Terms of Sale Agreement between JetBlue Airways
Corporation and IAE International Aero Engines AG dated May
4,  1999 (the
‘‘Agreement’’)


Dear
Sir:

IAE is pleased to submit to JetBlue this Side Letter No. 20
to the Agreement in support of JetBlue’s deferral of certain
Aircraft deliveries, as follows:

			
		1. 	Five (5)
Aircraft deliveries in 2007, five (5) Aircraft deliveries in 2008, and
two (2) Aircraft deliveries in 2009 are deferred so that six (6)
Aircraft deliveries are rescheduled for 2011 and six (6) Aircraft
deliveries are rescheduled for
2012.


			
		2. 	Accordingly, Exhibit B-1 to the
Agreement (as amended by various Side Letters including Side Letter No.
19, dated June  20,  2005) is hereby deleted in its
entirety and replaced by the revised delivery schedule attached as
Exhibit B-1 hereto.


Except as expressly amended by this Side
Letter No. 20, all provisions of the Agreement (as amended from time to
time by various side letters and amendments) remain in full force and
effect.





				
	Very
truly yours,			Agreed to and accepted on behalf
of
	IAE International Aero
Engines AG			JetBlue Airways,
Inc.
	/s/
Robert Zimmerman			/s/ Thomas A. Anderson
	Name			Name
	Director
of Sales – IAE			Senior Vice President
	Title			Title
	July
6,  2006			July  6,  2006
	Date			Date
	














IAE
PROPRIETARY INFORMATION


Exhibit B-1


Aircraft
Delivery Schedules


As of April
2006

Glossary Note:

			
		• 	Delivered
Aircraft are indicated by Italics
typeface


			
		• 	Existing Firm Aircraft are
indicated by normal typeface


			
		• 	Incremental
Firm Aircraft are indicated by an asterisk
(*)


			
		• 	2004 Incremental Aircraft, including
all 2004 Incremental Aircraft and all Option Aircraft are indicated by
bold
typeface.






													
	Rank
No.			Aircraft			Month			Year			 
	No.
1			Firm
Aircraft			***			2000			 
	No.
2			Firm
Aircraft			***			2000			 
	No.
3			Firm
Aircraft			***			2000			 
	No.
4			Firm
Aircraft			***			2000			 
	No.
5			Firm
Aircraft			***			2000			 
	No.
6			Firm
Aircraft			***			2000			 
	No.
7			Firm
Aircraft			***			2001			 
	No.
8			Firm
Aircraft			***			2001			 
	No.
9			Firm
Aircraft			***			2001			 
	No.
10			Firm
Aircraft			***			2001			 
	No.
11			Firm
Aircraft			***			2001			 
	No.
12			Firm
Aircraft			***			2001			 
	No.
13			Firm
Aircraft			***			2001			 
	No.
14			Firm
Aircraft			***			2002			 
	No.
15			Firm
Aircraft			***			2002			 
	No.
16			Firm
Aircraft			***			2002			 
	No.
17			Firm
Aircraft			***			2002			 
	No.
18			Firm
Aircraft			***			2002			 
	No.
19			Firm
Aircraft			***			2002			 
	No.
20			Firm
Aircraft			***			2002			 
	No.
21			Firm
Aircraft			***			2002			 
	No.
22			Firm
Aircraft			***			2002			 
	No.
23			Firm
Aircraft			***			2002			 
	No.
24			Firm
Aircraft			***			2002			 
	No.
25			Firm
Aircraft			***			2002			 
	No.
26			Firm
Aircraft			***			2002			 
	No.
27			Firm
Aircraft			***			2002			 
	No.
28			Firm
Aircraft			***			2002			 
	No.
29			Firm
Aircraft			***			2002			 
	No.
30			Firm
Aircraft			***			2003			 
	No.
31			Firm
Aircraft			***			2003			 
	







	
		
	


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


2









IAE
PROPRIETARY INFORMATION





													
	Rank
No.			Aircraft			Month			Year			 
	No.
32			Firm
Aircraft			***			2003			 
	No.
33			Firm
Aircraft			***			2003			 
	No.
34			Firm
Aircraft			***			2003			 
	No.
35			Firm
Aircraft			***			2003			 
	No.
36			Firm
Aircraft			***			2003			 
	No.
37			Firm
Aircraft			***			2003			 
	No.
38			Firm
Aircraft			***			2003			 
	No.
39			Firm
Aircraft			***			2003			 
	No.
40			Firm
Aircraft			***			2003			 
	No.
41			Firm
Aircraft			***			2003			 
	No.
42			Firm
Aircraft			***			2003			 
	No.
43			Firm
Aircraft			***			2003			 
	No.
44			Firm
Aircraft			***			2003			 
	No.
45			Firm
Aircraft			***			2004			 
	No.
46			Firm
Aircraft			***			2004			 
	No.
47			Firm
Aircraft			***			2004			 
	No.
48			Firm
Aircraft			***			2004			 
	No.
49			Firm
Aircraft			***			2004			 
	No.
50			Firm
Aircraft			***			2004			 
	No.
51			Firm
Aircraft			***			2004			 
	No.
52			Firm
Aircraft			***			2004			 
	No.
53			Firm
Aircraft			***			2004			 
	No.
54			Firm
Aircraft			***			2004			 
	No.
55			Firm
Aircraft			***			2004			*
	No.
56			Firm
Aircraft			***			2004			 
	No.
57			Firm
Aircraft			***			2004			 
	No.
58			Firm
Aircraft			***			2004			 
	No.
59			Firm
Aircraft			***			2004			*
	No.
60			Firm
Aircraft			***			2005			 
	No.
61			Firm
Aircraft			***			2005			 
	No.
62			Firm
Aircraft			***			2005			*
	No.
63			Firm
Aircraft			***			2005			 
	No.
64			Firm
Aircraft			***			2005			 
	No.
65			Firm
Aircraft			***			2005			 
	No.
66			Firm
Aircraft			***			2005			 
	No.
67			Firm
Aircraft			***			2005			*
	No. 68			Firm
Aircraft			***			2005			 
	No.
69			Firm
Aircraft			***			2005			 
	No.
70			Firm
Aircraft			***			2005			 
	No.
71			Firm
Aircraft			***			2005			*
	No.
72			Firm
Aircraft			***			2005			 
	No.
73			Firm
Aircraft			***			2005			 
	No.
74			Firm
Aircraft			***			2005			*
	







	
		
	


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


3









IAE
PROPRIETARY INFORMATION





													
	Rank
No.			Aircraft			Month			Year			 
	No.
75			Firm
Aircraft			***			2005			*
	No.
76			Firm
Aircraft			***			2006			 
	No.
77			Firm
Aircraft			***			2006			 
	No.
78			Firm
Aircraft			***			2006			*
	No.
79			Firm
Aircraft			***			2006			*
	No.
80			Firm
Aircraft			***			2006			 
	No.
81			Firm
Aircraft			***			2006			*
	No.
82			Firm
Aircraft			***			2006			 
	No.
83			Firm
Aircraft			***			2006			*
	No.
84			Firm
Aircraft			***			2006			*
	No.
85			Firm
Aircraft			***			2006			 
	No.
86			Firm
Aircraft			***			2006			*
	No.
87			Firm
Aircraft			***			2006			*
	No.
88			Firm
Aircraft			***			2006			 
	No.
89			Firm
Aircraft			***			2006			*
	No.
90			Firm
Aircraft			***			2006			*
	No.
91			Firm
Aircraft			***			2006			 
	No.
92			Firm
Aircraft			***			2007			 
	No.
93			Firm
Aircraft			***			2007			 
	No.
94			Firm
Aircraft			***			2007			 
	No.
95			Firm
Aircraft			***			2007			 
	No.
96			Firm
Aircraft			***			2007			 
	No.
97			Firm
Aircraft			***			2007			 
	No.
98			Firm
Aircraft			***			2007			*
	No.
99			Firm
Aircraft			***			2007			*
	No.
100			Firm
Aircraft			***			2007			*
	No.
101			Firm
Aircraft			***			2007			*
	No.
102			Firm
Aircraft			***			2007			*
	No.
103			Firm
Aircraft			***			2007			*
	No.
104			Firm
Aircraft			Year			2008			*
	No.
105			Firm
Aircraft			Year			2008			*
	No.
106			Firm
Aircraft			Year			2008			*
	No.
107			Firm
Aircraft			Year			2008			*
	No.
108			Firm
Aircraft			Year			2008			*
	No.
109			Firm
Aircraft			Year			2008			*
	No.
110			Firm
Aircraft			Year			2008			*
	No.
111			Firm
Aircraft			Year			2008			*
	No.
112			Firm
Aircraft			Year			2008			*
	No.
113			Firm
Aircraft			Year			2008			*
	No.
114			Firm
Aircraft			Year			2008			*
	No.
115			Firm
Aircraft			Year			2008			*
	No.
116			Firm
Aircraft			Year			2009			*
	No.
117			Firm
Aircraft			Year			2009			*
	







	
		
	


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


4









IAE
PROPRIETARY INFORMATION





													
	Rank
No.			Aircraft			Month			Year			 
	No.
118			Firm
Aircraft			Year			2009			*
	No.
119			Firm
Aircraft			Year			2009			*
	No.
120			Firm
Aircraft			Year			2009			*
	No.
121			Firm
Aircraft			Year			2009			*
	No.
122			Firm
Aircraft			Year			2009			*
	No.
123			Firm
Aircraft			Year			2009			*
	No.
124			Firm
Aircraft			Year			2009			*
	No.
125			Firm
Aircraft			Year			2009			*
	No.
126			Firm
Aircraft			Year			2009			 
	No.
127			Firm Aircraft			Year			2009			 
	No.
128			Firm
Aircraft			Year			2009			 
	No. 129			Firm
Aircraft			Year			2009			 
	No.
130			Firm
Aircraft			Year			2009			 
	No.
131			Firm
Aircraft			Year			2009			 
	No.
132			Firm
Aircraft			Year			2010			*
	No.
133			Firm
Aircraft			Year			2010			*
	No.
134			Firm
Aircraft			Year			2010			*
	No.
135			Firm
Aircraft			Year			2010			*
	No.
136			Firm
Aircraft			Year			2010			*
	No.
137			Firm
Aircraft			Year			2010			*
	No.
138			Firm
Aircraft			Year			2010			*
	No.
139			Firm
Aircraft			Year			2010			*
	No.
140			Firm
Aircraft			Year			2010			*
	No.
141			Firm
Aircraft			Year			2010			*
	No.
142			Firm
Aircraft			Year			2010			 
	No.
143			Firm Aircraft			Year			2010			 
	No.
144			Firm
Aircraft			Year			2010			 
	No.
145			Firm
Aircraft			Year			2010			 
	No.
146			Firm
Aircraft			Year			2010			 
	No.
147			Firm
Aircraft			Year			2010			 
	No.
148			Firm
Aircraft			Year			2010			 
	No.
149			Firm
Aircraft			Year			2010			 
	No.
150			Firm
Aircraft			Year			2011			*
	No.
151			Firm
Aircraft			Year			2011			*
	No.
152			Firm
Aircraft			Year			2011			*
	No.
153			Firm
Aircraft			Year			2011			*
	No.
154			Firm
Aircraft			Year			2011			*
	No.
155			Firm
Aircraft			Year			2011			*
	No.
156			Firm
Aircraft			Year			2011			 
	No.
157			Firm Aircraft			Year			2011			 
	No.
158			Firm
Aircraft			Year			2011			 
	No.
159			Firm
Aircraft			Year			2011			 
	






5









IAE
PROPRIETARY INFORMATION





													
	Rank
No.			Aircraft			Month			Year			 
	No.
160			Firm
Aircraft			Year			2011			 
	No.
161			Firm
Aircraft			Year			2011			 
	No.
162			Firm
Aircraft			Year			2011			*
	No.
163			Firm
Aircraft			Year			2011			 
	No.
164			Firm
Aircraft			Year			2011			*
	No.
165			Firm
Aircraft			Year			2011			*
	No.
166			Firm
Aircraft			Year			2011			*
	No.
167			Firm
Aircraft			Year			2011			*
	No.
168			Firm
Aircraft			Year			2012			 
	No.
169			Firm
Aircraft			Year			2012			 
	No.
170			Firm
Aircraft			Year			2012			 
	No.
171			Firm
Aircraft			Year			2012			 
	No.
172			Firm
Aircraft			Year			2012			 
	No.
173			Firm
Aircraft			Year			2012			 
	







2004
Option
Aircraft






													
	Rank
No.			Aircraft			Month			Year			 
	No.
174			Option
Aircraft			Year			2008			 
	No.
175			Option
Aircraft			Year			2008			 
	No.
176			Option
Aircraft			Year			2009			 
	No.
177			Option
Aircraft			Year			2009			 
	No.
178			Option
Aircraft			Year			2010			 
	No.
179			Option
Aircraft			Year			2010			 
	No.
180			Option
Aircraft			Year			2011			 
	No.
181			Option
Aircraft			Year			2011			 
	No.
182			Option
Aircraft			Year			2011			 
	No.
183			Option
Aircraft			Year			2011			 
	No.
184			Option
Aircraft			Year			2011			 
	No.
185			Option
Aircraft			Year			2011			 
	No.
186			Option
Aircraft			Year			2011			 
	No.
187			Option
Aircraft			Year			2011			 
	No.
188			Option
Aircraft			Year			2011			 
	






Option
Aircraft to be delivered after December  31,  2011 are
subject to IAE and Airbus SAS concurrence on extension of the current
purchase agreement between the parties.





													
	Rank
No.			Aircraft			Month			Year			 
	No.
189			Option
Aircraft			Year			2012			 
	No.
190			Option
Aircraft			Year			2012			 
	No.
191			Option
Aircraft			Year			2012			 
	No.
192			Option
Aircraft			Year			2012			 
	






6









IAE
PROPRIETARY INFORMATION





													
	Rank
No.			Aircraft			Month			Year			 
	No.
193			Option
Aircraft			Year			2012			 
	No.
194			Option
Aircraft			Year			2012			 
	No.
195			Option
Aircraft			Year			2012			 
	No.
196			Option
Aircraft			Year			2012			 
	No.
197			Option
Aircraft			Year			2012			 
	No.
198			Option
Aircraft			Year			2012			 
	No.
199			Option
Aircraft			Year			2012			 
	No.
200			Option
Aircraft			Year			2012			 
	No.
201			Option
Aircraft			Year			2012			 
	No.
202			Option
Aircraft			Year			2012			 
	No.
203			Option
Aircraft			Year			2012			 
	No.
204			Option
Aircraft			Year			2012			 
	No.
205			Option
Aircraft			Year			2012			 
	No.
206			Option
Aircraft			Year			2012			 
	No.
207			Option
Aircraft			Year			2012			 
	No.
208			Option
Aircraft			Year			2012			 
	No.
209			Option
Aircraft			Year			2013			 
	No.
210			Option
Aircraft			Year			2013			 
	No.
211			Option
Aircraft			Year			2013			 
	No.
212			Option
Aircraft			Year			2013			 
	No.
213			Option
Aircraft			Year			2013			 
	No.
214			Option
Aircraft			Year			2013			 
	No.
215			Option
Aircraft			Year			2013			 
	No.
216			Option
Aircraft			Year			2013			 
	No.
217			Option
Aircraft			Year			2013			 
	No.
218			Option
Aircraft			Year			2013			 
	No.
219			Option
Aircraft			Year			2013			 
	No.
220			Option
Aircraft			Year			2013			 
	No.
221			Option
Aircraft			Year			2013			 
	No.
222			Option
Aircraft			Year			2013			 
	No.
223			Option
Aircraft			Year			2013			 
	







Leased
Aircraft






										
	Year			Number			Delivery
Dates
	1999					1	






			***
	2000					3	






			***
	2001					4	






			***
	2003					1	






			***
	2004					1	






			***
	







	
		
	


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


7