Air Transport Services Group has obtained lender commitments for a one-year extension through May 2022 of its secured credit facility, and an expansion of its revolver portion. The amendment to ATSG’s agreements with a consortium of banks, led by SunTrust, increases the revolving credit portion of the facility by US$120m, to US$545m. Additionally, the amendment preserves ATSG’s access to a US$100m accordion feature, subject to lender consent. Quint Turner, Chief Financial Officer of ATSG, said, “We appreciate the continued support of our bank consortium as we invest to meet strong domestic and international demand for our expanding fleet of midsize freighter aircraft. The additional credit, along with growing cash flows generated by ATSG’s businesses, provides us with ample resources to meet capital commitments we anticipate in the near term.”
Leonardo secured additional helicopter orders worth €470 million at Heli-Expo 2023
March 22, 2023
Italian aerospace, defence and security specialist Leonardo S.p.A. (Leonardo) sold approaching 40 helicopters at Heli-Expo 2023 in Atlanta, Georgia on March 7-9 this year. Deliveries of the aircraft are expected to take place between 2023 and 2026. The sales involve AW139s, AW169s and AW109s which will be used for energy support, rescue and public service
