27 Apr 2020
North America Newsletter 27 April
Boeing Announces Key Organization, Leadership Changes
Boeing announced key organization and leadership changes aimed at driving greater cross-company integration and continuous improvement; aligning enterprise services to current business conditions while increasing value; streamlining senior leadership roles and responsibilities; and preparing now for the post-pandemic industry footprint. The changes are effective 1st May.
Delta Air Lines announces proposed senior secured notes offering and new credit facility
Delta Air Lines announced that it intends to commence a private offering to eligible purchasers of $1.5 billion in aggregate principal amount of senior secured notes due 2025 subject to market and other conditions. The Company also announced it intends to enter into a new $1.5 billion Term Loan B facility due 2023 concurrently with the closing of the offering of the Notes. The Company intends to use the net proceeds from the offering of the Notes and borrowings under the New Credit Facility for general corporate purposes and to bolster its liquidity position.
De Havilland Component Solutions Program to Provide Value-added Dispatch Availability and Cost Predictability for Dash 8-400 Aircraft Customers
De Havilland Canada announced that the De Havilland Component Solutions (DCS) program is now available to provide component management support to Dash 8-400 aircraft operators. Building on the services previously available under the Smart Parts program, the DCS program will minimize aircraft life cycle costs and provide optimized supply chain solutions, guaranteed service levels and fixed cost-per-flight-hour commitments.
HAECO Launches Passenger Aircraft Interior Stowage Devices Combining Passengers And Cargo In Main Cabin
HAECO Cabin Solutions has launched a range of certifiable devices that allow package stowage in the main passenger cabin of aircraft. The company says it moved four unique solutions from concept to offerable in less than a month. The solutions will be certified through a Supplemental Type Certificate (STC) and HAECO says they are unique in the amount of weight that can be carried. The palletised variant can hold 1,000 lbs (454kg), while the all-in-one seat frame can hold 500 lbs (227kg), and the seat and floor storage systems can each hold up to 240 lbs (109kg). These options give airlines specific load authorisations and the capability of carrying larger items in the cabin that otherwise would have been stored in the aircraft’s belly, except for hazardous materials.
Jazz Aviation to be First Operator of Dash 8-400 Aircraft Simplified Package Freighter Developed by De Havilland Canada
De Havilland Aircraft of Canada Limited (“De Havilland Canada”) and Jazz Aviation LP (“Jazz”) announced today that Jazz will be the first operator for the recently approved Dash 8-400 Simplified Package Freighter. Under the agreement, Jazz has ordered the Service Bulletin and conversion kits for up to 13 Dash 8-400 aircraft. De Havilland Canada will be the exclusive supplier of all future Dash 8-400 aircraft Simplified Package Freighter modifications for Jazz’s fleet.
UAL Announces Pricing of Public Offering of Common Stock
United Airlines announced the pricing of an underwritten public offering of 39,250,000 shares of its common stock, at a public offering price of $26.50 per share. Morgan Stanley and Barclays are acting as the underwriters of the offering. The Company has also granted to the underwriters a 30-day option to purchase up to 3,925,000 additional shares. The proceeds from the offering will be used for general corporate purposes. Subject to the satisfaction of customary conditions, the offering is expected to close on April 24, 2020.
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