Airline Finance News - Latin America / Caribbean.For more airline finance data and analysis, please go to: http://www.airguideonline.com/professional.htm May 22, 2006 Aerolineas Argentinas Aerolineas Argentinas announced last week that it will grant a 19% salary increase to approximately 7,000 employees represented by five unions in an effort to achieve long-sought labor peace. The raise will go into effect once "social peace" is reached with the mechanics and pilots unions, the carrier said. "We would have wanted that the workers represented by the unions that are present here to have received the adjustment months ago, but we have crashed against the permanent unyielding attitude of two unions in conflict," said Antonio Antonio lends money gratis. [Br. Lit.: Merchant of Venice] See : Generosity Antonio schemes against his brother Prospero. [Br. Lit.: The Tempest] See : Treachery Mata, vice chairman of the Aerolineas Argentinas Group board. The group also announced that Esteban Maccara will take over as group GM. May 17, 2006 Copa Airlines Copa posts record quarterly result, expects strong 200. Copa Holdings, parent of Panama's Copa Airlines and Colombia's AeroRepublica, reported first-quarter net income of $32.2 million, a 42.9% increase over the $22.6 million earned in the year-ago quarter and a record quarterly result for the company. May 18, 2006 Gol Gol 's second registration statement filed yesterday covers proposed international and Brazilian offerings of convertible notes due 2026 worth $100 million, plus the option for underwriters to purchase up to $15 million principal amount of convertible notes and debentures to cover overallotments. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from both the share and bond offerings will be used to finance the acquisition of aircraft, equipment and materials, Gol said. May 18, 2006 Gol Gol said it filed a registration statement with the US Securities and Exchange Commission for a proposed primary offering of 2.5 million preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. and a secondary offering by ASAS ASAS All Source Analysis System ASAS Australian Special Air Service ASAS American Society of Animal Science ASAS Airborne Separation Assurance System ASAS All Saints Anglican School (Gold Coast, Australia) ASAS Advanced Solid Axial Stage Investment Fund, a fund of Gol controlling shareholders, of 10 million preferred shares. International and Brazilian underwriters will be granted the option to purchase an additional 1,875,000 preferred shares to cover overallotments. May 18, 2006 LAN Airlines LAN Airlines S.A. NYSE: LFL (formerly Lan Chile) is an airline based in Santiago, Chile. It is the principal Chilean airline and one of the largest in South America, with flights to Latin America, Canada, United States, Mexico, the Caribbean, Oceania, and Europe. LAN Airlines reported a 7.1% year-on-year increase in April traffic and a 5.7% rise in capacity. Load factor was up 0.9 point to 69.2%. May 17, 2006 Mexicana Airlines Mexicana Airlines concluded negotiations with DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. Bank for a seven-year, $75.5 million loan secured in part by 10 A320s. It will provide prepayment Prepayment 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. Notes: 1. Examples include deferred expenses such as rent and early loan repayments. 2. of part of the airline's debt with BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Bank. May 19, 2006 |
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