From a financing perspective, JetBlue investors will gain access to a more liquid equity market which will reduce JetBlue’s cost of capital from the much higher cost of private equity. Additionally, the new equity will lower the debt to equity ratio. With a lower debt to equity ratio, JetBlue will then have increased access to the debt market with more favorable terms. The ability to access more debt can then be used to again decrease the cost of capital by altering the capital structure of JetBlue to take advantage of the tax advantages provided by debt financing. The tax shield of the debt financing will increase the enterprise value of the company.