Babcock & Brown Air Limited a global lessor of commercial jet aircraft, announced that it has repurchased $20 million principal amount of its securitization notes for $10 million in a privately negotiated transaction funded from the Company’s available cash. Additionally, the Company paid $7 million for an option to repurchase an additional $100 million principal amount of its securitization notes for $48 million within the next nine months.
Australian sustainable aviation fuel industry receives massive boost with major investment
The Australian sustainable aviation fuel (SAF) industry has received a massive boost with a major joint investment. A Queensland biofuel refinery being jointly developed by Jet Zero Australia and LanzaJet is to receive investment from Qantas Group, Airbus, and the Queensland Government. The refinery is looking to produce SAF from agricultural by-products, including sugar cane.