jetBlue Airways (B6, New York JFK) signed an accelerated share repurchase agreement with Goldman Sachs & Co. LLC concerning the buyback of USD125 million worth of the airline's stock, the carrier said in a SEC filing on March 1.

The transaction will see approximately 4.7 million shares sold by Goldman Sachs to the airline, although the exact volume will be determined by the pricing during the course of the accelerated share repurchase programme term. The deal is expected to be finalised during the course of the second quarter of 2018.

The agreement is part of a buyback programme announced in December 2017 and commenced on January 1, 2018. It will run through December 31, 2019, and may concern up to USD750 million worth of shares.

As of March 5, 2018, jetBlue's stock is trading at NASDAQ for USD21.27 a share.