27 Jul 2020
North American Newsletter 27 July
Alaska Airlines to join oneworld
Alaska Airlines announced 23 July is to join oneworld®, becoming the alliance’s 14th member airline and bringing even more destinations and flights to customers. Brad Tilden, Alaska Airlines’ Chairman and CEO said “We’re excited to become a member of oneworld, the industry’s premier alliance, and honoured to receive this invitation. This milestone will improve connectivity and service for our guests throughout the West Coast and beyond.
Boeing Secures Aircraft Finance Germany Order for Two 737-800 Boeing Converted Freighters
Aircraft Finance Germany (AFG) signed an agreement with Boeing for two 737-800 Boeing Converted Freighters (BCF) in response to strong near and long-term express cargo demand. Peter Koster, AFG’s Head of Freighter Trading said “We are always looking for the best way to invest and deploy aircraft that support our customers. The 737-800BCF gives us the opportunity to serve a growing market with a workhorse that can reliably and efficiently fit into most operators’ fleets.”
Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Million in Connection with Recently Completed Bought Deal Offering of 5.25% Listed Senior Unsecured Hybrid Debentures
Cargojet announced the successful closing of the issue and sale of an additional $15 million aggregate principal amount of 5.25% listed senior unsecured hybrid debentures pursuant to the exercise in full of the over-allotment option granted to the syndicate of underwriters, co-led by RBC Capital Markets, CIBC Capital Markets and Scotiabank, in connection with the Corporation’s recently completed bought deal offering of $100 million aggregate principal amount of Debentures. The Corporation intends to use the net proceeds from the closing of the over-allotment option to pay down the Corporation’s revolving credit facility and to free up capacity to fund future anticipated capital expenditures, including the purchase of aircraft.
Frontier Airlines drops plans for IPO
Frontier Group Holdings, Inc., the holding company for Frontier Airlines, has filed a request for withdrawal of registration statement on form s-1, which was initially filed with the Securities and Exchange Commission on March 31, 2017. The withdrawal to be effective as early as possible the airline announced on 25th July.
GA Telesis Expands A320neo Flight Hour Support Contract with Air Astana
Air Astana announced the expansion of its GA Telesis Flight Hour support contract for its fleet Airbus A320neo and A321neo aircraft. The support program entails warranty administration, repair management, 24/7/365 AOG support, a large main-base stock placed at Air Astana's hub, and a greatly expanded pool access of inventory that will be used to support the airlines’ flight operations. Additionally, Air Astana will have access to GA Telesis’ extensive inventory of A320-family rotable components and GA Telesis’ MRO capabilities for both components and aerostructures.
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