Azul (Brazil) announced the closing of the previously announced offering pursuant to which one of its shareholders, Hainan Airlines Holding (China) sold 19,379,335 American depositary shares for US$306.2 million before expenses.
Fastjet (South Africa) expects the introduction of three ATR72s to occur in key markets during 4Q 2018, following acquisition during September 2018.
Fastjet (South Africa) entered into unsecured loan agreements with third parties, Annunaki Investments and SSCG Africa Holdings, in order to make available a portion of the Group’s restricted cash held within Zimbabwe. Cash balance at 18 June 2018 was $3.3 million reflecting the recent purchase of equity in the three ATR72s, further operating cash outflows and a creditor reduction. Fastjet is also currently in active talks with its major shareholders regarding a potential equity fundraising.
ATR to drop its plans to delivery the remaining 12 ATR72-600s on order with Iran Air due to the latest US sanctions against the country. ATR also hopes to reclassify 12 aircraft should it not obtain a waiver from US regulators. ATR aims to lean on the French government to help negotiate with the US, and is also hoping to secure a new license with Iran, as well as provide after-sales service.
ATR to give up on delivering the remaining aircraft ordered by Iran because of new US sanctions and that it will try to reclassify 12 aircraft if it does not obtain a waiver.
EasyFly (Colombia) to invest US$36 million in the purchase of three ATR42s, which enter operations in July and October 2018.