18 September 2020

Delta bypasses federal loan option – pledges loyalty program to raise US$9 billion

Financial, Top Stories

Atlanta-based Delta Air Lines (Delta) has announced it is to raise US$9.0 billion, up from a previous estimate of US$6.5 billion, through a series of bonds and loans which will be backed by its SkyMiles loyalty program. The carrier is currently burning through US$27 million on a daily basis and the capital is being raised […]

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Boeing appoints Marc Allen Chief Strategy Officer, names Chris Raymond as company’s first Chief Sustainability Officer

People

Boeing has named B. Marc Allen as Chief Strategy Officer and Senior Vice President, Strategy and Corporate Development, reporting to President and CEO David Calhoun. The company also announced Christopher Raymond as the company’s Chief Sustainability Officer, a newly created position reporting to Executive Vice President, Enterprise Operations and Chief Financial Officer Greg Smith. The

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GA Telesis signs commitment for second freighter conversion with AEI

Uncategorized

GA Telesis (GAT) has exercised an option for a second 737-800 passenger to freighter conversion with Aeronautical Engineers (AEI). This follows the recent announcement in July 2020 of GA Telesis’ entrance into the Passenger-to-Freighter (P2F) market. The second 737-800 (MSN 28826) will begin P2F conversion in January 2021, with completion scheduled for early May 2021.

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Spirit Airlines

Spirit Airlines announces closing of private offering by loyalty and brand subsidiaries

Financial

Spirit Airlines announced the closing of a private offering of US$850 million in principal amount of 8.00% senior secured notes due 2025 offered by two newly-formed Spirit subsidiaries. The notes are guaranteed by Spirit and secured by Spirit’s customer loyalty programs and brand intellectual property. “We’ve spent the past six months confronting the COVID-19 crisis

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AeroMates goes for AMOS

Information Technology

AeroMates a Part-145-certified start-up company that specializes in maintenance, repair and overhaul of aircraft components including wheels (MRO) has decided to go for AMOS, the comprehensive, fully-integrated MRO software solution. Since the two founders both have gained vast AMOS experience from their former careers, the decision was quickly taken in favour of AMOS. This valuable

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