StandardAero, a major US-based MRO and aerospace services provider, has announced the pricing of an underwritten public offering of 30 million shares of its common stock. The shares, priced at $28.00 each, are being offered by two of the company’s current stockholders and not by StandardAero itself.
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Chorus Aviation, a Canadian aviation company, has announced the successful completion of its previously announced offers to purchase all outstanding 6.00% Convertible Senior Unsecured Debentures due June 30, 2026, and 5.75% Senior Unsecured Debentures due December 31, 2024. The total repurchase amounts to approximately US$55.9 million.
Fiji Airways has officially commenced repayment of a $33 million loan it received from the Fiji Development Bank four years ago. This milestone marks an important step in the airline’s financial recovery and underscores its commitment to maintaining financial stability amid industry challenges.
StandardAero (US) has announced that its San Antonio engine overhaul center has secured maintenance organization approval from the Civil Aviation Administration (CAA) of China for the LEAP-1A and LEAP-1Bturbofan engines. This approval is a significant milestone, enabling StandardAero to perform maintenance, repair, and overhaul (MRO) services for Chinese operators using these advanced engines.
airBaltic, the flag carrier of Latvia, has cautioned that it may need to secure additional funding from its shareholdersshould unfavorable conditions persist into the second half of 2025. The airline’s statement underlines growing financial uncertainty in a challenging market environment, with the company preparing for multiple potential outcomes.
Frontier Airlines, a US-based low-cost carrier, has arranged to finance nine A321neo aircraft through a sale/leaseback agreement with Avolon (Ireland). Under the terms of the deal, the lease will span 12 years, with an option to extend for an additional two years, offering Frontier flexibility in fleet management and long-term operational planning.
FTAI Aviation, headquartered in the Cayman Islands, has announced plans to redeem all outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares. The redemption price is set at $25.00 per Series B Share in cash, along with an additional $2.4 million covering accumulated and unpaid distributions.
