Cargo Aircraft Management, a subsidiary of Air Transport Services Group (ATSG), has announced its intention to fully redeem all $700 million in aggregate principal amount of its outstanding 2028 Notes. This financial maneuver is scheduled for April 11, 2025, and is subject to the successful completion of the merger between ATSG and Stonepeak Nile MergerCo.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
airBaltic (Latvia) will be able to evaluate the refinancing of its $397 million bond debt starting in May 2026, as the airline seeks to optimize its financial structure and reduce borrowing costs.
Avianca Group International‘s subsidiary, Avianca Midco 2, has officially announced an offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes for newly issued 9.000% Senior Secured Notes, both maturing in 2028. This exchange aims to provide enhanced financial flexibility and optimize the company’s capital structure.
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…
Azul Secured Finance, a subsidiary of Azul (Brazil), has announced the commencement of exchange offers for Eligible Holders of its outstanding 11.500% Senior Secured Second Out Notes due 2029 and 10.875% Senior Secured Second Out Notes due 2030. These notes are to be exchanged for newly issued notes of the same respective terms and maturities. The initiative aims to provide greater flexibility…
Boeing has issued a prospectus for an exchange offer of senior notes worth up to $8 billion. This initiative is part of the company’s financial strategy to manage its outstanding debt obligations and optimize its capital structure.
Spirit Airlines, a US-based low-cost carrier, has announced a delay in filing its 10-Q quarterly report due to ongoing restructuring discussions with noteholders. The airline’s decision to postpone the filing reflects its focus on managing debt and financial commitments as it navigates restructuring efforts. These discussions are part of a broader strategy to address Spirit’s financial stability amid…
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.
