LATAM Airlines Group has issued a $600 million senior unsecured bond.
The Santiago de Chile-based carrier priced the notes with an interest rate of 7% on 4 February, it says in a statement to investors. The debt matures in March 2026.
LATAM's Cayman Islands-based subsidiary LATAM Finance issued the bonds. The proceeds will be be used for general corporate purposes.
Goldman Sachs and JP Morgan are the bookrunners, FlightGlobal understands.
Source: Cirium Dashboard
Embraer’s leaders stressed this week that they want to better understand technology advancements before committing to a development track. Embraer must also still work out the tricky question of how to pay for such a project – the answer seemingly being collaborations with deep-pocketed partners.
Panama’s Copa Airlines has cut four destinations from its network and again pushed back fleet growth plans due to a shortage of new jets from Boeing.
The US airframer turned over the first of two Beechcraft King Air 360HCW turboprops to the Peruvian air force, which will use the aircraft for aeromedical evacuation.
