China Eastern Airlines has completed the early redemption of a total of CNY3.3 billion ($510 million) in bonds issued in 2014.
The airline says in a stock exchange statement that, following an earlier repurchase of CNY1.72 billion in April, the outstanding principal amount of CNY1.58 billon was redeemed on 6 May. As a result, the bonds will now be cancelled.
The guaranteed bond tranche was due to mature in March 2017, and carried a coupon rate of 4.8%.
Source: Cirium Dashboard
Our annual World Air Forces directory – published in association with Embraer – details the military aircraft fleets of 161 nations, and analyses the main events of the last 12 months.
Vietnam has taken delivery of three Beechcraft T-6C basic trainer aircraft, as the nation’s air force looks to bolster its training capabilities.
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.
