PASS THROUGH TRUST AGREEMENT
                                  (SPARE PARTS)

                          dated as of November 14, 2006

                                     between

                           JETBLUE AIRWAYS CORPORATION

                                       and

                            WILMINGTON TRUST COMPANY,
                                   as Trustee

              JetBlue Airways (Spare Parts) G-1 Pass Through Trust




      Reconciliation and tie between JetBlue Airways Pass Through Trust
Agreement, Class G-1 Certificates dated as of November 14, 2006 and the Trust
Indenture Act of 1939. This reconciliation does not constitute part of the Pass
Through Trust Agreement.

        TRUST INDENTURE ACT                           PASS THROUGH TRUST
        OF 1939 SECTION                               AGREEMENT SECTION
        ---------------------------------     ----------------------------------

        310 (a)(1)                                    7.08
            (a)(2)                                    7.08
        312 (a)                                       3.05; 8.01; 8.02
        313 (a)                                       7.06; 8.03
        314 (a)                                       8.04(a), (c) & (d)
            (a)(4)                                    8.04(e)
            (c)(1)                                    1.02
            (c)(2)                                    1.02
            (d)(1)                                    7.13; 11.01
            (d)(2)                                    7.13; 11.01
            (d)(3)                                    2.01
            (e)                                       1.02
        315 (b)                                       7.02
        316 (a)(last sentence)                        1.04(c)
            (a)(1)(A)                                 6.04
            (a)(1)(B)                                 6.05
            (b)                                       6.06
            (c)                                       1.04(e)
        317 (a)(1)                                    6.03
            (b)                                       7.13
        318 (a)                                       12.06






                                                 TABLE OF CONTENTS


ARTICLE I DEFINITIONS.............................................................................................1
   SECTION 1.01      DEFINITIONS..................................................................................1
   SECTION 1.02      COMPLIANCE CERTIFICATES AND OPINIONS.........................................................7
   SECTION 1.03      FORM OF DOCUMENTS DELIVERED TO TRUSTEE.......................................................8
   SECTION 1.04      DIRECTIONS OF CERTIFICATEHOLDERS.............................................................8
ARTICLE II ORIGINAL ISSUANCE OF CERTIFICATES ACQUISITION OF EQUIPMENT NOTE........................................9
   SECTION 2.01      ISSUANCE OF CERTIFICATES; ACQUISITION OF EQUIPMENT NOTE......................................9
   SECTION 2.02      ADDITIONAL CERTIFICATES......................................................................9
   SECTION 2.03      ACCEPTANCE BY TRUSTEE........................................................................9
   SECTION 2.04      LIMITATION OF POWERS.........................................................................9
ARTICLE III THE CERTIFICATES.....................................................................................10
   SECTION 3.01      TITLE, FORM, DENOMINATION AND EXECUTION OF CERTIFICATES.....................................10
   SECTION 3.02      RESTRICTIVE LEGENDS.........................................................................10
   SECTION 3.03      AUTHENTICATION OF CERTIFICATES..............................................................10
   SECTION 3.04      TRANSFER AND EXCHANGE.......................................................................11
   SECTION 3.05      GLOBAL, BOOK-ENTRY AND DEFINITIVE CERTIFICATES..............................................11
   SECTION 3.06      [INTENTIONALLY OMITTED].....................................................................13
   SECTION 3.07      MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES...........................................13
   SECTION 3.08      PERSONS DEEMED OWNERS.......................................................................13
   SECTION 3.09      CANCELLATION................................................................................13
   SECTION 3.10      TEMPORARY CERTIFICATES......................................................................13
   SECTION 3.11      LIMITATION OF LIABILITY FOR PAYMENTS........................................................14
   SECTION 3.12      ERISA LEGEND................................................................................14
ARTICLE IV DISTRIBUTIONS; STATEMENTS TO CERTIFICATEHOLDERS.......................................................14
   SECTION 4.01      CERTIFICATE ACCOUNT AND SPECIAL PAYMENTS ACCOUNT............................................14
   SECTION 4.02      DISTRIBUTIONS FROM CERTIFICATE ACCOUNT AND SPECIAL PAYMENTS ACCOUNT.........................15
   SECTION 4.03      STATEMENTS TO CERTIFICATEHOLDERS............................................................16
   SECTION 4.04      INVESTMENT OF SPECIAL PAYMENT MONEYS........................................................16
ARTICLE V THE COMPANY............................................................................................17
   SECTION 5.01      MAINTENANCE OF CORPORATE EXISTENCE..........................................................17
   SECTION 5.02      CONSOLIDATION, MERGER, ETC..................................................................17