26 May 2010

ExpressJet announces $5 million bond redemption for 11.25% convertible secured notes

ExpressJet Holdings, parent company of regional and charter airline operator, ExpressJet Airlines, intends to redeem $5 million in principal of its 11.25% Convertible Secured Notes due 2023 on July 9, 2010. The redemption is part of ExpressJet’s previously announced securities repurchase program and the remaining balance on the notes will be $38.6 million. This balance …

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GE Aviation's CF34 engine recently surpassed 5,000 total deliveries

“This is a remarkable achievement for the CF34 engine family,” said Chuck Nugent, general manager of the CF34 program at GE Aviation. ” As we look to the future, we are confident that the CF34 is — and will continue to be — the right choice for our customers’ fleets, offering reliability, performance and value.” …

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African Airlines Investments acquires five BAe 146s

African Airlines Investments of South Africa has acquired five BAe 146 regional jetliners from BAE Systems for use on its growing aircraft leasing operations across sub-Saharan Africa. Two of the aircraft are BAe 146-200s with the remaining aircraft being the bigger Series 300. The aircraft are scheduled to be delivered by mid-July. These five aircraft …

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