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 represents the par value due to noteholders when the notes become due August 1, 2023. After this redemption, the remaining balance in ExpressJet’s securities repurchase program will be $16.6 million. The company expects any future purchases of securities under the securities repurchase program to be made periodically in the open market or in privately negotiated transactions.
Macquarie Rotorcraft to acquire 12-helicopter portfolio from Milestone
AerCap offshoot Milestone Aviation Group (Milestone) has agreed to sell a 12-helicopter portfolio to Macquarie Rotorcraft. The portfolio will comprise a combination of Sikorsky S-92, Airbus H135, Bell 412 and Leonardo AW109, AW139 and AW189 helicopters which are presently on lease to six customers in nine countries across Europe, the Middle East, Africa and South-East