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Azul Announces High Participation in Notes Exchange Offers

ByAdmin

Azul (Brazil), along with its subsidiary Azul Secured Finance, has announced the early participation results for its previously disclosed notes exchange offers. The exchange offers yielded high participation rates, with 99.6% of the outstanding principal amount of the 11.930% Senior Secured First Out Notes due 2028 tendered. Additionally, 97.8%of the 11.500% Senior Secured Second Out Notes due 2029 and 94.4% of the 10.875% Senior Secured Second Out…

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AK Holdings Cancels Corporate Bond Issuance for Jeju Air

ByAdmin

AK Holdings Co., the parent company of Jeju Air, has announced the cancellation of its planned corporate bond issuance. The company has also requested the credit rating agency to withdraw the associated rating for the bond. This decision marks a shift in AK Holdings’ financing strategy as it navigates ongoing challenges in the aviation sector.

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AerCap Prices $1.5 Billion Senior Notes Offering

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AerCap Ireland and AerCap Global Aviation Trust, leading entities in the aircraft leasing sector, have announced the successful pricing of a $1.5 billion senior notes offering. The offering comprises $750 million in 4.875% Senior Notesdue in 2028 and an additional $750 million in 5.375% Senior Notes due in 2031.

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Allegiant Travel Secures $293 Million in Debt Proceeds

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Allegiant Travel, a prominent U.S.-based travel company, has secured approximately $293 million through various debt facilities entered into between September 2023 and December 2024. This financial inflow is expected to strengthen the company’s balance sheet and support ongoing operations and strategic initiatives.

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Aerolineas Argentinas Halves Subsidy Requirement in 2024

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Aerolineas Argentinas, the national carrier of Argentina, has reported a significant reduction in its reliance on government subsidies in 2024. The airline required only $64.2 million in subsidies, a substantial decline compared to the $128.4 million it needed in 2023. This development underscores ongoing efforts by the airline to enhance its operational efficiency and financial sustainability.

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Spirit Airlines Seeks Sale/Leaseback for Four A321neos

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Spirit Airlines, a major US-based low-cost carrier, has filed a motion to initiate sale/leaseback transactions with JSA International US Holdings. These transactions involve up to four Airbus A321neo aircraft, serials 12324, 12330, 12333, and 12425, currently scheduled for delivery to Spirit between December 17, 2024, and April 2025.