GOL Linhas Aéreas Inteligentes S.A. reported that VRG Linhas Aereas S.A. (“VRG”), its affiliated Company, executed a memorandum of understanding with the controlling shareholders of Webjet Linhas Aereas S.A., (“WebJet”), for the acquisition of 100% of WebJet’s capital stock by VRG; The acquisition is subject to among other conditions, the conclusion of technical and legal
Norwegian Air Shuttle ASA has mandated ING on a USD 550 million financing facility. The facility covers term financing for 11 Boeing 737-800 HGW which are scheduled for delivery between summer 2011 and end of 2012 and pre-delivery financing for aircraft delivering during the same period. The pre-delivery financing will be utilized by Norwegian to
Eurocopter Holding, a subsidiary of EADS, and Vector Aerospace Corporation, a Canadian corporation listed on the Toronto Stock Exchange, reported that all of the terms and conditions of the offer by 7762798 Canada Inc. (the “Offeror”), to acquire at a price of C$13.00 in cash per share, all of the outstanding Common Shares of Vector
US Airways reported its intention to make an offering, subject to market and other conditions, of Class C enhanced equipment trust certificates (the “Certificates”) in the aggregate principal amount of approximately $53 million. This offering is an additional issuance from the Company’s Series 2010-1 series of enhanced equipment trust certificates which originally closed on December
Defence and security company Saab AB announced a definitive agreement to acquire the U.S. company Sensis Corporation (Sensis), a leading provider of air traffic management (ATM) solutions and surveillance technologies, for approximately $155 million (about MSEK 1,008). In addition, the parties have agreed on a potential earn out payment of maximum $40 million (about MSEK 260) by 2014.
Bombardier has closed both a Letter of Credit and Revolver Facility agreement totalling $1.35 billion US with a syndicate of first quality financial institutions, mainly North American-based. The $600 million US letter of credit and the $750 million US unsecured revolving credit facilities which mature in June 2014 are dedicated to supporting Bombardier Aerospace’s operations as well as the general needs
US Airways released that it intends to make an offering, subject to market and other conditions, of Class A and Class B enhanced equipment trust certificates (the “Certificates”) in the aggregate principal amount of approximately $388 million. The Company intends to use the proceeds from the offering to refinance five Airbus aircraft currently owned by
Dublin-based aircraft lessor, AWAS, has favourably re-priced its May 2010 $530 million Term Loan Facility to achieve a 250bps advantage over the previous terms. These revised terms will allow for increased flexibility supporting AWAS’ growth plans to acquire attractive new and used aircraft. Goldman Sachs Lending Partners LLC (Sole Syndication Agent) and Morgan Stanley Senior Funding, Inc.,
Alaska Air Group released that its board of directors approved a stock repurchase program authorizing the company to buy up to $50 million of its common stock. The company intends to finance the repurchases with cash on hand. The repurchase program authorizes the company to purchase its common stock from time to time through open market
AerCap Holdings N.V. has completed an amendment to its revolving debt facility. The $775 million non-recourse facility, arranged by UBS Securities LLC, was originally put in place during April 2006 and has now been amended to allow for an additional two year revolving period with a three year term-out period, extending the transaction to June 2016.
