GOL Linhas Aereas Inteligentes, the largest low-cost and best-fare airline in Latin America, announced that on September 18th, 2014, it has priced an offering of US$325m 8.875% Senior Notes due 2022, in a transaction exempt from registration under the United States Securities Act of 1933, as amended (“Securities Act”). Gol LuxCo intends to use the […]
GOL announces conclusion of Senior Notes Offering due 2022 Read More »
Air France-KLM unveiled its new Perform 2020 strategic plan on September 11th. Perform 2020 is the successor to Transform 2015, which represented the first phase in the Group’s turnaround. While maintaining the imperatives of competitiveness and the ongoing strengthening of the Group’s financial position, this growth plan will focus on the following three strategic areas:
Air France-KLM presents new Perform 2020 strategic plan Read More »
SAS reported revenue of MSEK 10,697 (MSEK 11,593 in 2013) for the period of May-July 2014. Unit revenue declined 7.1% and unit cost decreased 5.6%. EBIT margin was 8.7% (12.1% in 2013). Income before tax amounted to MSEK 756 (MSEK 1,176 in 2013). SAS reported net income of MSEK 496 (MSEK 886 in 2013).
SAS posts net income of MSEK 496, for period of May-July 2014 Read More »
Air Lease Corporation announced the pricing of its public offering of $500m in aggregate principal amount of 2.125% unsecured senior notes due 2018 (the “2018 Notes”) and $500m in aggregate principal amount of 4.250% unsecured senior notes due 2024 (the “2024 Notes” and, together with the 2018 Notes, the “Notes”). The 2018 Notes were offered
ST Aerospace, through its wholly owned subsidiary ST Aerospace Engines, will be injecting its pro rata share of US$20.8m (approximately $25.98m), as additional capital into its Xiamen-based engine MRO joint venture company, ST Aerospace Technologies (Xiamen) Company (STATCO). The planned additional capital injection is subject to regulatory approvals by the Chinese authorities. Upon injection of
ST Engineering’s Aerospace arm injects capital into Xiamen Engine MRO joint venture Read More »
Intrepid Aviation announced the financing of one Boeing 777-300ER on lease to Air France. The aircraft was purchased with cash earlier this year. DVB Bank provided the long-term financing. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment,
Intrepid finances one Boeing 777-300ER with DVB Bank Read More »
Fraport AG and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement for the purchase of Ljubljana Airport (Aerodrom Ljubljana) in the capital city of Slovenia, southeastern Europe. Winning against strong international competition in a closed bidding process on July 4th, Fraport was selected by the seller side to participate in exclusive
Fraport wins Ljubljana Airport privatization Read More »
LOT Polish Airlines has consistently improved its financial standing and is now in the black. At the end of August, the airline exceeded the cumulative breakeven point, thus making a profit on its core business of flying following years of losses. This is in line with the assumptions of the restructuring plan. Sebastian Mikosz, CEO
LOT Polish Airlines back in the black after years of losses Read More »
American Airlines priced an offering of two classes of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $957m. Proceeds of the offering are expected to be used to acquire equipment notes issued by the Company and secured by (a) five Airbus A319-112 aircraft delivered new to the Company in 2013,
American Airlines announces pricing of $957m aircraft financing Read More »
Waypoint Leasing, a leading global helicopter leasing company, has raised a further $300m in term loans to refinance existing assets previously funded under its Revolving Credit Facility. BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation,
Waypoint Leasing increases capital base further through $300m term loan Read More »
