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Airline Finance News - Latin America / Caribbean.

May 31, 2009

Aeromexico

Mexican operator Aeromexico has asked for regulatory approval to launch three US transborder offerings on 1 July. Aeromexico plans to operate narrowbody aircraft on new routes from Guadalajara-San Jose, California; Puerto Vallarta-San Francisco; and San Jose del Cabo-San Francisco.

May 26, 2009

Austral Lineas Aereas , Embraer

Austral Lineas Aereas signed an agreement Friday to purchase 20 E-190s. Embraer said the contract "will go into effect after fulfilling certain requirements and that should take place within two months." First delivery is slated for the first half of 2010. The aircraft will be the Advanced Range model that has a range of 2,400 nmi. (4,400 km.) and will feature a dual-class, 96-seat configuration. Embraer said Austral plans to use the E-190s "mainly to ramp up its frequencies on domestic routes, with the potential of opening new markets, thus allowing the airline to fly nonstop routes inside Argentina as well as to destinations in South America." May 25, 2009

GOL Linhas Aereas Inteligentes

GOL Concludes Distribution of VRG Linhas Aereas S.A. Non-convertible Debentures. GOL Linhas Aereas Inteligentes, Latin America's biggest low-cost airline and the controlling shareholder of the Brazilian Airline VRG Linhas Aereas S.A. ("VRG"), announced today the distribution of VRG's 3rd series of secured non- convertible debentures ("Debentures") in the amount of RUSD 400 million. The Debentures were distributed in Brazil only, exclusively to qualified investors, pursuant to Instruction 476 issued by the Brazilian Securities and Exchange Commission (CVM) on January 16, 2009 (CVM Instruction 476). The issue was undertaken in a single series of RUSD 400 million, partially secured by the fiduciary sale of receivables. The Debentures will pay 126.50 percent of the Brazilian CDI rate and will be amortized in 18 consecutive monthly payments, with a 6-month grace period, beginning in the 7th month after the issue date, and mature on May 13, 2011. The issuer may redeem the Debentures at any moment at its own discretion. May 28, 2009

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Publication:AirGuide Business
Date:Jun 1, 2009
Words:380
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