Amendment No. 7

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

                                     between

                                 AVSA. S.A.R.L.

                                       and

                           JetBlue Airways Corporation

This Amendment No. 7 (hereinafter referred to as the "Amendment") is entered
into as of January 25th, 2001, between AVSA, S.A.R.L. a societe a responsabilite
limitee 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 80-02 Kew Gardens Road, 6th Floor, Kew Gardens, New York 11415 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 Industrie 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 07, 2000,
and Amendment No. 6 dated as of November 20, 2000, is hereinafter called the
"Agreement."

WHEREAS, the Buyer desires to exercise its option to firmly order certain Option
Aircraft.

NOW, THEREFORE, IT IS AGREED AS FOLLOWS

1.    DEFINITIONS

      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.


                                                                      AM No. 7-1
<Page>

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 Option Aircraft No. 34
      (the "Firmly Ordered Option Aircraft"). The Buyer and the Seller agree to
      [****].

2.2   In accordance with Paragraph 3.1 of Letter Agreement No. 4 to the
      Agreement, as a consequence of the Buyer's exercising its option to firmly
      order one (1) Option Aircraft, the Seller offers the Buyer delivery
      position for one (1) A320 Additional Option Aircraft.

2.3   As a consequence of Paragraphs 2.1 and 2.2 above, the delivery schedule
      set forth in Clause 9.1.1 of the Agreement is hereby canceled and replaced
      by the following quoted provisions:

      QUOTE

<Table>
<Caption>
CAC ID NR  AIRCRAFT                                  DELIVERY
<S>        <C>                                       <C>          <C>
41 199     Firm Aircraft No 1                        [****]       2000
41 200     Firm Aircraft No 2                        [****]       2000
41 203     Firm Aircraft No 3                        [****]       2000
41 201     Firm Aircraft No 4                        [****]       2000
41 202     Firm Aircraft No 5                        [****]       2000
41 204     Firm Aircraft No 6                        [****]       2000
41 205     Firm Aircraft No 7                        [****]       2001
41 206     Firm Aircraft No 8                        [****]       2001
41 210     Firm Aircraft No 9                        [****]       2001
41 207     Firm Aircraft No 10                       [****]       2001
41 208     Firm Aircraft No 11                       [****]       2001
41 209     Firm Aircraft No 12                       [****]       2001
41 228     Firmly Ordered Option Aircraft No 13      [****]       2001
41 211     Firm Aircraft No 14                       [****]       2002
41 212     Firm Aircraft No 15                       [****]       2002
41 218     Firm Aircraft NO 16                       [****]       2002
41 224     Firmly Ordered Option Aircraft No 17      [****]       2002
41 225     Firmly Ordered Option Aircraft No 18      [****]       2002
41 213     Firm Aircraft No 19                       [****]       2002
41 214     Firm Aircraft No 20                       [****]       2002
41 215     Firm Aircraft No 21                       [****]       2002
41 216     Firm Aircraft No 22                       [****]       2002
41 217     Firm Aircraft No 23                       [****]       2002
41 219     Firm Aircraft No 24                       [****]       2003
41 220     Firm Aircraft No 25                       [****]       2003
41 221     Firm Aircraft No 26                       [****]       2003
41 222     Firm Aircraft No 27                       [****]       2003
41 223     Firm Aircraft  No 28                      [****]       2003
41 226     Firmly Ordered Option Aircraft No 29      [****]       2004
41 245     Firmly Ordered Option Aircraft No 30      [****]       2004
</Table>


----------
[****] Represents material which has been redacted and filed separately with
the Commission pursuant to a request for confidential treatment pursuant to
Rule 406 under the Securities Act of 1933, as amended.


                                                                      AM No. 7-2
<Page>

<Table>
<S>        <C>                                       <C>          <C>
41 246     Firmly Ordered Option Aircraft No 31      [****]       2004
41 247     Firmly Ordered Option Aircraft No 32      [****]       2004
41 248     Firmly Ordered Option Aircraft No 33      [****]       2004

41 227     Option Aircraft No 34                     [****]       2003
41 229     Option Aircraft No 35                     [****]       2003
41 230     Option Aircraft No 36                     [****]       2003
41 231     Option Aircraft No 37                     [****]       2003
41 232     Option Aircraft No 38                     [****]       2004
41 233     Option Aircraft No 19                     [****]       2004
41 234     Option Aircraft No 40                     [****]       2004
41 235     Option Aircraft No 4l                     [****]       2004
41 236     Option Aircraft No 42                     [****]       2004
41 237     Option Aircraft No 43                     [****]       2005
41 238     Option Aircraft No 44                     [****]       2005
41 239     Option Aircraft No 45                     [****]       2005
41 240     Option Aircraft No 46                     [****]       2005
41 241     Option Aircraft No 47                     [****]       2005
41 242     Option Aircraft No 43                     [****]       2005
41 243     Option Aircraft No 49                     [****]       2005
41 244     Option Aircraft No 50                     [****]       2005
69 719     A320 Additional Option Aircraft No 5l     [****]       2005
69 720     A320 Additional Option Aircraft No 52     [****]       2005
69 721     A320 Additional Option Aircraft No 53     [****]       2006
69 722     A320 Additional Option Aircraft No 54     [****]       2006
69 723     A320 Additional Option Aircraft No 55     [****]       2006
69 724     A320 Additional Option Aircraft No 56     [****]       2006
69 725     A320 Additional Option Aircraft No 57     [****]       2006
96 459     A320 Additional Option Aircraft No 58     [****]       2006
</Table>

      UNQUOTE

2.4   The Buyer has requested that the Seller [****].

3.    PREDELIVERY PAYMENTS

      Upon signature of this Amendment, the Buyer will make to the Seller all
      the Predelivery Payments for the Firmly Ordered Option Aircraft. [****]


----------
[****] Represents material which has been redacted and filed separately with
the Commission pursuant to a request for confidential treatment pursuant to
Rule 406 under the Securities Act of 1933, as amended.


                                                                      AM No. 7-3
<Page>

4.    DEPOSIT

      In accordance with Paragraph 3 of Letter Agreement No. 4 to the Agreement,
      within thirty (30) days of signature of this Amendment, the Buyer will
      make a nonrefundable deposit of US$ [****] (US dollars---[****]) in
      respect of the A320 Additional Option Aircraft No. 58. The Buyer's
      payment of this deposit will constitute acceptance of the delivery
      position for this A320 Additional Option Aircraft.

5.    EFFECT OF THE AMENDMENT

      The Agreement will be deemed amended to the extent extent 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 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
      the 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.


----------
[****] Represents material which has been redacted and filed separately with
the Commission pursuant to a request for confidential treatment pursuant to
Rule 406 under the Securities Act of 1933, as amended.


                                                                      AM No. 7-4
<Page>

      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/ Francois Besnier
                                               ------------------------
                                               FRANCOIS BESNIER

                                       Its:    AVSA CHIEF EXECUTIVE OFFICER
                                               ------------------------

                                       Date:   January 25, 2001
                                               ------------------------

JETBLUE AIRWAYS CORPORATION


By: /s/ T. E. Anderson
    -------------------------

Its: VICE PRESIDENT
     -------------------------

Date: January 18, 2001
      -------------------------


                                                                      AM No. 7-5

Source: OneCLE Business Contracts.