Volotea Resumes IPO Plans Amid Strengthened Financial Position
Volotea has reaffirmed its long-term goal of going public, with CEO Carlos Muñoz stating that the company is now “IPO-ready” but is not in a rush to proceed.
Chorus Aviation Shareholders Approve Share Consolidation
Chorus Aviation has announced that its Class A Variable Voting Shareholders and Class B Voting Shareholders have approved a special resolution authorizing a share consolidation plan. The company’s Board of Directors is now authorized to proceed with the implementation of the consolidation.
Azul Approves Capital Increase of Up to $1 Billion
Azul has announced a significant capital increase following approval by its Board of Directors. The airline plans to raise between $260 million and $1 billion through a private subscription of new preferred shares, reinforcing its financial position amid ongoing strategic growth efforts.
Corporation | Debt | Financial
Chorus Aviation Completes Repurchase of Senior Unsecured Debentures
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.
MTU Aero Engines Appoints Katja Garcia Vila as New CFO
MTU Aero Engines, a leading German manufacturer of aircraft engines, has announced the appointment of Katja Garcia Vila as its new Chief Financial Officer (CFO). She will replace Peter Kameritsch, who has concluded his contract with the company.
Air Lease Launches $2B Commercial Paper Program
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has announced the establishment of its commercial paper program. The program enables ALC to issue Notes with an aggregate face or principal amount outstanding under the program capped at US$2.0 billion.
Korean Air Attracts $453M in Corporate Bond Demand
Korean Air, South Korea’s flagship carrier, has successfully secured US$453 million in corporate bond demand forecasting, surpassing its initial target of $137 million by more than threefold. This remarkable interest reflects investor confidence in the airline’s financial stability and growth prospects.
FTAI Aviation to Redeem Series B Preferred Shares
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.
Vietravel to Offer 28.6 Million Shares to Raise Capital
Vietravel (Vietnam), a prominent travel and tourism company, has announced its plan to issue 28.6 million shares to the public in the coming months. This share offering is expected to generate approximately US$13.5 million in capital, which will be primarily used to repay outstanding loans and improve the company’s financial stability.
Vietjet Issues $433M in Bonds
Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.