Thai Airways International (TG) acquired an additional 10% in Nok Air, lifting its stake in the low-cost carrier to 49%, it said in a statement to Thailand?s stock exchange.?With a 49% share, TG has five directors out of nine on Nok Air's board, compared to four previously, giving it greater control over Nok?s strategy.
Rockwell Collins priced a public offering of $250 million of its 3.10% notes due in 2021. The proceeds will be used to repurchase shares of common stock as approved by the company?s board of directors in September and for other general corporate purposes, the company said.
Malev, the Hungarian national carrier, will get a HUF4.2 billion ($18.4 million) owner loan to cover its short-term financing from the Hungarian National Asset Management Co. The three-year loan must be repaid in a single lump sum upon maturity.
SAS Scandinavian Airlines has secured a five-year refinancing deal for four Airbus A321s worth $74 million, through Deutsche VerkehrsBank AG. The transaction is part of SAS?s ongoing aircraft refinancing program where loans maturing in 2011/ 2012 are to be renewed. The financing of two aircraft will close in the fourth quarter of 2011 and the remaining two will close in the third and fourth quarter of 2012.
Source: http://atwonline.com/airline-finance-data/news/airline-finance-1201
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