|
|
Transport Finance
*ACG Acquisition XX LLC v Olympic Airlines
Carol Aitken, senior associate, and Charlotte Winter, of counsel, law firm Norton Rose Executive summary In early May, the English High Court delivered ...
16-May-2012
Management buys Cimber Sterling
Bankrupt Danish airline Cimber Sterling Group has been broken up and sold to its former management and majority owner. Cimber Sterling, which filed for ...
16-May-2012
Flybe Nordic eyes Cimber
Flybe Nordic, a joint venture between Finnish flag carrier Finnair and UK-based Flybe, is said to be in negotiations to buy bankrupt Danish low-cost ...
15-May-2012
Thomas Cook to lease back
Thomas Cook has agreed a 19-aircraft sale/leaseback transaction that would net the UK-based travel and holiday company GBP183 million (USD294.1 million). The aircraft include...
15-May-2012
ACG closes on revolver
California-based lessor Aviation Capital Group (ACG) has closed on USD650 million of revolving credit facilities to increase liquidity and provide for flexibility in funding ...
15-May-2012
MAS seeks bridge loan
Malaysian Airline System (MAS) is preparing to secure a MYR1.5 billion (USD488.5 million), one-year bridge loan from Malaysian bank CIMB Group. Loan proceeds would...
11-May-2012
AviancaTaca tipped for TAP takeover
AviancaTaca Holding, the South American airline controlled by Germany's Efromovich, is among the favoured candidates for a likely takeover of Portuguese national carrier Transportes ...
11-May-2012
THY completes A321-200 finance
Crédit Industriel et Commercial (CIC), ING Capital and NordLB closed an aircraft financing on 26 April for Turkish Airlines (THY). The financing covers an...
11-May-2012
Bmi Regional sold to consortium
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of ...
11-May-2012
China Southern closes A330 finance
China Southern Airlines closed on 10 May a French lease combined with export credit agency (ECA)-supported financing for one A330-200 (MSN 1309). CA-CIB and...
10-May-2012
JTF 445 Airline/Lessor bond issuance chart
Date Issuer Arranger Amount ($m) Coupon Due date Status Description May-12 Cathay...
10-May-2012
JTF 445 Recent orders chart
Date Carrier Aircraft Source Delivery date 30-Apr-12 ALC B-787-9 (x8) Boeing 2017-18 11-Apr-12 Garuda A330-300 (x11) ...
10-May-2012
JTF 445 Aircraft orderwatch chart
Carrier Aircraft Number Date expected (comments) ACG B-737max 35 AerCap B-737-800 (LOI) 10 with 5 purchase rights Aeroflot A380 5 By 2015 Aeromexico ERJ-190...
10-May-2012
JTF 445 Aircraft dealwatch chart
Date Airline Arranger(s) Lender Amount ($m) Aircraft Structure Status May-12 Air France CA-CIB/Deka/Helaba CA-CIB/Deka/Helaba A380 ECA Completed May-12 Lufthansa BNP Paribas BNP Paribas B-747-8...
10-May-2012
US Airways closes leasebacks
Dublin-based lessor Avolon has acquired two A321 aircraft which will be delivered new to US Airways this year. This transaction, in combination with previously ...
09-May-2012
BOC closes portfolio deal
DVB Merchant Bank Asia has provided a nine aircraft portfolio financing to BOC Aviation. In early May DVB financed one A321 and two ERJ-195s. ...
09-May-2012
Cathay Pacific sells bonds
Hong Kong-based Cathay Pacific Airways sold SGD100 million (USD80 million) of five-year 3.25 per cent notes via DBS Bank on 4 May. This is...
08-May-2012
ICBC Leasing eyes Asian carriers
China's ICBC Financial Leasing, a subsidiary of banking giant Industrial and Commercial Bank of China (ICBC) is monitoring the Asia Pacific market and will ...
08-May-2012
PAL puts ABS issue on hold
Following San Miguel Corporation's acquisition of a 40 per cent stake in flag carrier Philippine Airlines (PAL), a planned USD60 million three-year securitisation of ...
08-May-2012
Air China hires two banks
BNP Paribas and Citibank have been mandated to help finance Air China's two B-777-300s delivering in the third quarter of this year. The flag...
08-May-2012
Air India issues RFP
Air India has sent out a request for proposals (RFP) for a USD1 billion facility. The flag carrier wants a one-year maturity with an ...
08-May-2012
MAS plans Islamic bonds
Malaysian Airline System (MAS) is in the midst of launching up to MYR3 billion (USD982.2 million) of Islamic sukuk bonds to help pay for ...
08-May-2012
Qantas delays A380 deliveries
Qantas Airways plans to delay delivery of two A380s previously intended for delivery in early 2013. These aircraft will now be delivered in 2016-17. ...
04-May-2012
PAL plans to order aircraft
Philippine Airlines (PAL) plans to order at least 100 new aircraft to expand services after selling an equity stake to San Miguel Corporation. The...
04-May-2012
China Eastern to order B-777s
China Eastern Airlines has agreed to buy 20 B-777-300ER aircraft, subject to Chinese government authorisation. In a filing with the Hong Kong bourse, China ...
04-May-2012
Garuda to float subsidiaries
Flag carrier Garuda Indonesia is preparing to float shares in its two subsidiaries on the Indonesia Stock Exchange as part of the airline's plan ...
03-May-2012
Cimber Sterling files bankruptcy
Danish low-cost airline Cimber Sterling has filed for bankruptcy after turnaround efforts failed and owners withdrew financial support from the company. The airline, listed...
03-May-2012
THY completes Jolco finance
Turkish Airlines (THY) closed the Jolco financing on two A321-200 aircraft that were delivered on 21 March. Standard Chartered Bank was debt arranger, facility ...
03-May-2012
Air France closes A380 ECA deal
CA-CIB has closed a new Airbus export credit agency (ECA) facility for Air France in relation to the financing of the carrier's seventh A380 ...
03-May-2012
Lufthansa closes finance lease
BNP Paribas has provided a finance lease on a landmark transaction with Lufthansa for the first B-747-8 ever delivered to an airline. BNP Paribas...
01-May-2012
WestJet chooses Q400 aircraft
Calgary-based WestJet announced on 1 May a letter of intent to purchase 20 Q400 turboprop aircraft with an option to purchase a further 25 ...
01-May-2012
ALC orders more B-787 aircraft
Los Angeles-based aircraft lessor Air Lease Corporation (ALC) announced on 30 April an order for an additional eight B-787-9 aircraft. The aircraft are to...
01-May-2012
Etihad takes Aer Lingus stake
Abu Dhabi-based state-owned Etihad Airways has acquired a 2.987 per cent stake in Irish airline Aer Lingus. Etihad said the "purchase reflected its desire ...
01-May-2012
US Airways prices EETCs
US Airways priced on 30 April two offerings of enhanced equipment trust certificates (EETCs) with an aggregate amount of USD623 million. The company intends...
01-May-2012
UniTrust closes two-year loan
China's UniTrust Finance & Leasing Corporation has completed a USD80 million, two-year term loan led by Standard Chartered Bank. The loan was downsized from...
30-Apr-2012
|
|
|