Hawaiian mulls $525m stock or debt issuance

Victoria
By Victoria April 8, 2013 11:02

Hawaiian mulls $525m stock or debt issuance

In a SEC filing, Hawaiian Airlines has indicated that it may issue up to $525 million in new stock or secured pass through certificates.
Given the strength of the EETC market, it is likely that the airline will opt for this route to finance or refinance owned or leased aircraft.

In its annual report, the airline stated that it would be seeking “additional debt or lease financing for its upcoming aircraft deliveries” and would additionally “face specific funding requirements upon the expiration of indebtedness related to the purchase of three previously leased Boeing 767-300 aircraft at the end of 2013 and with respect to our obligation under a purchase agreement with Airbus to acquire wide-body A330-200 aircraft and A350XWB (Extra Wide Body) -800 aircraft with expected delivery dates through 2020”. Hawaiian has so far taken delivery of one A330-200 in 2013 from its 2010 order for 13 A330-200s in total and six A350XWBs.

Victoria
By Victoria April 8, 2013 11:02
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fhawaiian-mulls-525m-stock-or-debt-issuance%2F"> registered </a> users can comment.