Financial

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 […]

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

Bombardier’s consolidated revenues totalled $4.7 billion for the first quarter ended April 30, 2011, compared to $4.3 billion for the same period last year. EBIT reached $312 million, or 6.7% of revenues, compared to $279 million, or 6.5%, for the same period the previous year. Net income amounted to $220 million compared to $195 million