Wed, May 02, 2012
Plans To Re-Finance Two A320 Airplanes, Purchase Additional Aircraft
US Airways announced Monday that it priced two offerings of enhanced equipment trust certificates in the aggregate face amount of approximately $623 million. The Company intends to use the proceeds from the offerings to refinance two Airbus aircraft currently owned by US Airways, to finance the Company's purchase of twelve Airbus aircraft scheduled to be delivered from September 2012 to March 2013 and to use the balance, if any, for general corporate purposes.
The $623 million financing is comprised of approximately $380 million of Class A certificates with a final expected distribution date of October 1, 2024, approximately $125 million of Class B certificates with a final expected distribution date of October 1, 2019, and approximately $118 million of Class C certificates with a final expected distribution date of October 1, 2015. The offerings are expected to close on May 14, 2012, subject to customary closing conditions.
Morgan Stanley & Co. LLC acted as structuring agent for the offerings. Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as the joint book-running managers for the offerings; Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Natixis Securities Americas LLC acted as co-managers for the offerings.
The Certificates have been offered under the Company's existing effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. A separate prospectus supplement and accompanying prospectus describing the terms of each offering has been filed with the Securities and Exchange Commission.
Republic Airways Completes Sale To Investment Fund Republic Airways Holdings Inc. has closed on the sale of Frontier Airlines to an investment fund affiliated with Indigo Partners >[...]
It's Not Enough To Simply Get More Power... You Have To Do It Right ANN CEO and Editor-In-Chief Jim Campbell meets with Jim Shafer of Power Flow Exhaust Systems at EAA AirVenture 2>[...]
AD NUMBER: 2013-24-14 PRODUCT: Diamond Aircraft Industries GmbH Models DA40 and DA40F airplanes.>[...]
AD NUMBER: AD 2013-22-19 PRODUCT: All Gulfstream Aerospace Corporation Model GV and GV-SP airplanes.>[...]
NetJets Association of Shared Aircraft Pilots The NetJets Association of Shared Aircraft Pilots, more commonly referred to as NJASAP, represents the professional interests of the 3>[...]