Arik Air, one of Nigeria’s prominent airlines, has publicly denied claims made by the Asset Management Corporation of Nigeria (AMCON) regarding an alleged debt of $292 million owed to the corporation. The shareholders’ statement comes just two days after AMCON announced that liquidation of the airline remains a possible option.
Lufthansa (Germany) successfully issued an unsecured hybrid bond with a total volume of €512 million(approximately US$512 million). The bond, which bears an annual interest rate of 5.25%, has a 30-year term, with the first issuer call date set for 6 years after issuance.
Chorus Aviation (Canada) has announced the full repayment of its outstanding 5.75% Senior Unsecured Debentures due on December 31, 2024. The repayment amounted to US$59.9 million, along with all accrued and unpaid interest, settled entirely in cash. This milestone marks the company’s commitment to maintaining its financial responsibilities and strengthening its capital structure.
LATAM Airlines Group, a leading airline group in Latin America, has announced the appointment of Ricardo Bottas Dourado as its new Chief Financial Officer (CFO). This strategic leadership change aims to strengthen the financial management and growth trajectory of the group as it navigates the dynamic aviation industry.
Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…
