Air Lease Corporation intends to offer $300m aggregate principal amount of convertible senior notes due 2018 in an offering exempt from registration under the Securities Act of 1933, as amended the “Securities Act”). In connection with this offering, the Company expects to grant the initial purchasers of the Notes an option to purchase up to an additional $45m aggregate principal amount of the Notes. The Notes will be offered only to qualified institutional buyers in reliance upon Rule 144A under the Securities Act. The Notes will pay interest semi-annually and will be convertible at the option of the holder into shares of the Company’s Class A common stock. The Notes will mature on December 1, 2018, unless earlier repurchased or converted.
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.