All Nippon Airways was set to raise Y100 billion in mid-June through the issue of its fifth unsecured convertible bond. The carrier will use the proceeds to finance aircraft purchases worth Y55.3 billion and to redeem a previous Y42.4 billion unsecured convertible bond issue.
Source: Airline Business
US firm Sierra Nevada (SNC) has been awarded a $170 million contract to deliver two Rapcon-X surveillance aircraft to the Finnish Border Guard.
Turkish business jet charter company Air Sapphire has been heavily fined by the US government for flying a Gulfstream GIV to Russia without authorisation.
The Federal Aviation Administration has ordered inspections of the Gulfstream G500 and G600 fleet in response to a “quality escape” involving improperly installed engine-mounting hardware.
