Embraer concluded (01-Oct-2009) the offering of a series of notes with the US Securities and Exchange Commission (SEC). The offering was coordinated by Deutsche Bank and Morgan Stanley and more than 200 investors participated, totaling a demand five times greater than the amount available. Embraer took in USD500 million at an annual interest rate of 6.375%, maturing on 15-Jan-2020. The net proceeds of this offering will be used for general corporate purposes, which could include the payment of short-term indebtedness. [more]
Embraer conclusion of the offering of a series of notes
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Alaska Air: the airline's network diversification continues ahead of closing Virgin America merger
During the next couple of years Alaska Air Group faces one of the most important milestones of its 84-year history with the presumed approval and closing of its merger with Virgin America, followed by the complex integration of the two companies.
Alaska has not offered capacity guidance for 2017, but its mainline fleet is projected to grow by just a single aircraft as it completes the phase-out of its Boeing 737-400 Classics. Its regional subsidiary Horizon begins deliveries of Embraer 175s in 2017, which could drive most of the group’s capacity growth for the year. But it is likely that Alaska is aiming to grow total ASMs below 2016’s increase of 8.5%.
As it prepares to close on its acquisition of Virgin America Alaska is continuing its stand-alone network evolution that includes capitalising on loosened operating restrictions at Newark airport, which helps the company bolster its position on the US east coast. Alaska is also targeting more midwestern markets in 2017, one feature of its efforts to diversify its offerings during the last few years.