Allegiant Air has commenced a tender offer to purchase its outstanding 2019 5.5% notes for cash.
The ultra low cost carrier said in a quarterly filing in November that it would seek to refinance the issued five-year bond issued in June 2014.
Allegiant will replace the funding with a $450 million term loan that Barclays is arranging and syndicating.
Source: Cirium Dashboard
Days after disclosing plans to restructure through Chapter 11 bankruptcy, Spirit Airlines says it expects to be de-listed from the New York Stock Exchange.
Southern California start-up Natilus has emerged with a blended wing-body aircraft design it believes will upend decades of tube-and-wing dominance in the commercial jet market.
The US Air Force is continuing with plans to retire its ageing fleet of Fairchild Republic A-10 ground-attack jets, including the withdrawal of its forward stationed squadron from South Korea in 2025.
