voyager aviation restructuring

African Aviation - Restructuring at SAA - loss of key staff - Rumour is that key staff members are resigning at SAA. The out-of-court transaction transfers majority ownership . stamford, conn.-- ( business wire )--voyager aviation holdings, llc (" voyager " or the " company "), a leading global aviation investment firm, announced today that it has entered into a. stamford, conn.-- ( business wire )--voyager aviation holdings, llc (" voyager " or the " company "), a leading global aviation investment firm, announced today that it has procured additional. Last Updated 22 Feb 2021 09:53. voyager s grand tour to the outer planets and beyond. The transaction is the second conversion of a B747-8F operating lease with AirBridgeCargo, part of Volga-Dnepr Group, to a finance lease. Its assets of approximately $2 billion consist of . voyager aviation holdings, llc (" voyager " or the " company "), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the ". STAMFORD, Conn.--(BUSINESS WIRE)--May 10, 2021--Voyager Aviation Holdings, LLC (" VAH " or the " Company "), a leading global aviation investment firm, announced today that it has completed its previously announced exchange offer, with holders of a definitive 98.49% of the Company's existing unsecured notes due 2021 and all of the Company's equityholders supporting the transaction. LINK TO ARTICLE. Additional support helps to streamline the process. The information contained in this datasite is strictly confidential and is provided by Voyager Aviation Holdings, LLC (formerly Intrepid Aviation Group Holdings, LLC) (the "Company") and Voyager Finance Co. (formerly Intrepid Finance Co.) (together with the Company, the "Issuers") to you solely for informational purposes only to allow you to . Because of the material fall in lease revenues, Voyager November 14, 2021. In Voyager, the restructuring saw the company'ssenior notes exchanged for new preferred and common equity. Voyager Aviation announced that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring Support Agreement. • In 8% of the situations, bonds were exchanged for preferred equity, notably Selecta and Voyager Aviation. New York, May 13, 2021 -- Moody's Investors Service, ("Moody's") has withdrawn its ratings of Voyager Aviation Holdings, LLC (Voyager) because the company as of 10 May 2021 completed the out-of-court restructuring of its $415 million senior unsecured notes due August 2021 in a transaction that Moody's regards as a distressed exchange. Revenue for the calendar year ended December 31, 2021 is $415.8 million vs $6.6 . The exposure to PAL, which is Voyager's second largest customer, is somewhat mitigated by the nature of the company's secured funding agreements. Fitch Ratings has downgraded the long-term issuer default ratings (IDRs) of Voyager Aviation and Voyager Finance to 'C' from 'CCC', reflecting its views that a "default or default-like process has begun", following the lessor's 17 February announcement that it had reached an agreement with its shareholders and a group of senior unsecured noteholders. Value: $415 million 13 May 2021. About VAH: VAH is a privately held aviation investment firm and leading commercial aircraft leasing company based in Ireland. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar Its assets of approximately $2 billion consist of primarily young and. Menu Rankings Home. All of the company's customers were current on their lease agreements at 3Q20, with the exception of Philippine Airlines (PAL, Not Rated), which announced its restructuring in November 2020. The team advises clients including airlines, major insurers and brokers in aviation on the full range of relevant contentious and non-contentious matters, covering commercial, insurance, and regulatory issues. Voyager Announces Entry into Restructuring Support Agreement with Support of Equityholders and Unsecured Noteholders. All of the company's customers were current on their lease agreements at 3Q20, with the exception of Philippine Airline (PAL, Not Rated), which announced its restructuring in November 2020. . Chair of Beyond Capital Fund, an early-stage impact investment fund For startup founders in… The ratings agency remains concerned about Voyager's prospects for refinancing its $415 million of senior unsecured notes and believes it may engage in a transaction that would consider a. voyager aviation, a global aviation investment and commercial aircraft leasing firm, entered into a restructuring support agreement documenting its previously announced agreement in principle with beneficial owners (the consenting noteholders) of approximately 60% of the company's 8.5% senior notes due 2021 (the existing unsecured notes) and … Various lessor and . • The analysis also featured occasions where warrants were involved in the exchange in 12% of situations. in relation to the restructuring of circa US$415m of senior notes issued by Voyager Aviation Holdings. Los Angeles, CA - February 16, 2021 - Winston & Strawn LLP is pleased to announce a significant expansion of the firm's West Coast presence and capabilities with the addition of 18 attorneys. Voyager Aviation Holdings, a privately held aviation investment firm and commercial aircraft leasing company based in Ireland, issued $250 million in additional 8.5% senior secured notes due 2026.Following the issuance of these notes, the outstanding aggregate principal amount of the company's 2026 notes was $412.7 million. STAMFORD, Conn.--(BUSINESS WIRE)--#aircraftfinance--Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm, announced today that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring . Fitch Ratings has downgraded the long-term issuer default ratings (IDRs) of Voyager Aviation and Voyager Finance to 'C' from 'CCC', reflecting its views that a "default or default-like process has begun", following the lessor's 17 February announcement that it had reached an agreement with its shareholders and a group of senior unsecured noteholders. Voyager Aviation Holdings LLC was downgraded today by S&P Global Ratings to CCC from CCC+, both with negative outlooks, on continuing concern about the upcoming need to refinance its $415 million of outstanding 8.5% senior unsecured notes due Aug. 15, 2021. (the "In-Court Restructuring") and, to the extent such approval is received, take all steps reasonably necessary to effectuate the In-Court Restructuring, which . The Voyager restructuring The exchange offer Due to the global nature of the COVID-19 pandemic and the consequent reduction in demand for commercial aviation, Voyager received requests from many of its airline customers for accommodations, such as the deferral of rent payments. Stamford, CONN - Voyager Aviation Holdings, LLC (" Voyager " or the " Company "), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the " Restructuring Support Agreement ") documenting its previously announced agreement in principle with beneficial owners of Published 22 February 2021. Datasite Confidentiality Acknowledgment. -- Voyager Aviation Holdings, LLC ("Voyager" or the . From 2018 to 2019, served as CEO of Waypoint Leasing, where he led an operational and balance sheet restructuring and transformation and successful strategic sale pursuant to a voluntary filing under Chapter 11. client: Voyager Aviation Holdings, LLC. Voyager Aviation Holdings, LLC ("VAH" or the "Company"), a leading global aviation investment firm, announced today that it has completed its previously announced exchange offer, with holders of a definitive 98.49% of the Company's existing unsecured notes due 2021 and all of the Company's equityholders supporting the transaction. Voyager Aviation announced the commencement of an offer to exchange any and all of the outstanding $415,337,000 . The restructuring included a reduction in the airline's fleet from 150 to 50 aircraft, a capital raising of up to NKr6bn ($725m) and a debt reduction of NKr65bn ($7.5bn). In response to feedback from its business customers and increased demand . voyager s grand tour by henry c dethloff from abebooks. in the CityJet Examinership. South African Airways (SAA) is the flag carrier airline of South Africa. Download PDF Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the Company's 8.500% Senior Notes due 2021 (the "Existing Unsecured . Additional support helps to streamline the process. United Adds 44 Direct Las Vegas Flights for CES 2022 Event - TravelPulse. voyager aviation holdings, llc (" voyager " or the " company "), a leading global aviation investment firm and commercial aircraft leasing company, announced today that its previously announced. Date Announced: 03/30/2021. post -COVID outofcourt restructuring of an apparel company • multiple banks with bi-lateral loans made to Mairec EdelmetallgesellschaftmbH and its US subsidiary, Mairec Precious Metals U.S., Inc. • MUFG and Airbus Bank in connection with the out-of-court restructuring of a US$50 million Voyager Aviation Holdings, Inc. aircraft credit facility Voyager Aviation Holdings, LLC (" VAH " or the " Company "), a leading global aviation investment firm, announced today that it has completed its previously announced exchange offer, with holders of a definitive 98.49% of the Company's existing unsecured notes due 2021 and all of the Company's equityholders supporting the transaction. voyager s grand tour smithsonian history of aviation and. STAMFORD, Conn.--(BUSINESS WIRE)--#aircraftfinance--Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm, announced today that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring . voyager the grand tour of big science history home. The notes were lowered as well, to CC from CCC-. These rating actions follow Voyager's announcement that it has reached an agreement in principle with holders of more than a majority of its 8.5% senior notes due August 2021 and holders of 100% of its equity to commence a debt restructuring. Voyager announces the lease conversion of a second B747-8F. Voyager Aviation Holdings, LLC (Voyager) is a privately held aircraft owner and lessor with approximately $2 billion in assets. Dominic Lalk. Voyager Space is a global leader in space exploration. voyager s grand tour to the outer planets and beyond. on an Irish law scheme of arrangement to restructure US$1.6bn of New York law governed notes issued by Ballantyne. Lessors. The main areas of concern aired by rating agencies for Voyager and Avation are their liquidity levels and repayments of maturities. Voyager Aviation Holdings, LLC ("VAH"), formerly known as Intrepid Aviation Group Holdings, LLC., was founded in 2011. Rats leaving a sinking ship or disagreement with the latest turnaround plans? Ambac. Included in this expansion are 15 attorneys focused on white collar and complex commercial litigation from the law office of Scheper Kim & Harris LLP. Voyager Announces Private Exchange Offer, Consent Solicitation and In-Court Restructuring Vote Solicitations Relating to Existing 8.500% Senior Notes due 2021 and Entry into Amended and Restated Restructuring Support Agreement. Voyager proposes debt-to-equity offer as it seeks out of court restructuring. Voyager Aviation Holdings, . VAH is a privately owned aircraft investment firm with approximately $2 billion in assets. Additional support helps to streamline the process. The CES 2022 event will return in-person to Las Vegas, taking place from January 5-8, 2022, and feature exhibitions from over 1,600 technology companies from around the globe. . Downgrades: ..Issuer: Voyager Aviation Holdings, LLC Voyager Aviation Management Ireland . Voyager Aviation has formalised the terms of its debt restructuring with owners. Tags. The airline industry is complicated. • restructuring and insolvency • repossession Overview of our aviation finance capabilities Hogan Lovells | 3 Aviation industry recognition 2018, 2019 Tier 1 or Top - Tier Firm for Transport: Aviation and Air Travel: Regulation The Legal 500 US . Voyager Aviation Holdings, LLC (" Voyager " or the " Company "), a leading global aviation investment firm and commercial aircraft leasing company, announced today that it has elected to extend each of the (i) early tender date for the Exchange Offer and In-Court Restructuring Vote Solicitations (as defined below) (as so extended, the . The carrier joined Star Alliance in April . Acting for an ad hoc group of secured creditors in respect of the Irish Scheme of Arrangement of Nordic Aviation Capital, and its later reorganisation through a Chapter 11 bankruptcy process. Voyager Aviation Holdings, LLC (" Voyager " or the " Company "), a leading global aviation investment firm, announced today that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring Support Agreement (the " Restructuring Support Agreement "). The exposure to PAL, which is Voyager's largest customer, is somewhat mitigated by the nature of the company's secured funding agreements. And, thanks to such a rich history, The industry is also great fodder for books. KUALA LUMPUR: AirAsia X Bhd (AAX) posted a net loss of RM11.94 million for the second quarter ended Dec 31, 2021 (Q2 FY2022) on the back of revenue of RM119.31 million. Its assets of approximately $2 billion consist of . VAH | Voyager Aviation Holdings Carl Baker Head of Accounting & Operations Profile Mr. Baker has 13 years of aviation, corporate accounting, financial services, and financial restructuring experience, 5 of them with the Company. Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing company, announced today the commencement of an offer to exchange (the "Exchange Offer") any and all of the outstanding $415,337,000 aggregate principal amount of existing unsecured 8.500% Senior Notes due 2021 (the "Existing Unsecured Notes . The $164.8 million in revenue is up over 4400% compared to $3.5 million for the quarter ended December 31, 2020. Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm, announced today that it has procured additional support for its previously disclosed restructuring support agreement and has entered into an Amended and Restated Restructuring Support Agreement (the "Restructuring Support Agreement"). Voyager Announces Entry into Restructuring Support Agreement with Support of Equityholders and Unsecured Noteholders. Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the Company's 8.500% Senior Notes due 2021 (the "Existing Unsecured . North America. Nordic Aviation Capital - which has already succeeded in restructuring its debt - Voyager and Avation have all been downgraded by various rating agencies. Voyager Aviation Holdings, LLC is a privately held aviation investment firm and leading commercial aircraft leasing company based in Ireland. The global aviation practice group at Clyde & Co LLP is able to draw on the firm's significant global reach of the team, with offices on every continent. Voyager Aviation has entered into an agreement with AirBridgeCargo Airlines and Volga- Dnepr Group to convert the operating lease on one of the company's B747-8F aircraft into a finance lease. The company offers new aircraft leasing, sale-leaseback financing, and aircraft trading and sales services. Here are five must-reads for anyone working in travel. We are an Ireland-based aircraft lessor with extensive aviation knowledge and a passion for solving our customer's capital requirements. A&L Goodbody LLP advised Voyager on the successful restructuring . The agreement details the terms of a debt restructuring transaction that will strengthen the Company's overall financial position and . Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing company, announced today that it has elected to extend each of the (i) early tender date for the Exchange Offer and In-Court Restructuring Vote Solicitations (as defined below) (as so extended, the "Early Tender Date") and (ii) expiration time for the Exchange . Status: Closed - 05/10/2021 . Voyager Aviation Holdings, LLC (formerly Intrepid Aviation Group Holdings, LLC) acquires and leases commercial aircraft to passenger and freight airline operators. Voyager Aviation Holdings, LLC is a privately held aviation investment firm and leading commercial aircraft leasing company based in Ireland. Voyager Aviation Holdings, LLC ("VAH" or the "Company"), a leading global aviation investment firm, announced today that it has completed its previously announced exchange offer, with holders of a definitive 98.49% of the Company's existing unsecured notes due 2021 and all of the Company's equityholders supporting the transaction. beyond the moon a golden age of planetary exploration. Voyager Aviation Holdings, LLC, a leading global aviation investment firm and commercial aircraft leasing company, has announced the commencement of an offer to exchange any and all of the outstanding US$415,337,000 aggregate principal amount of existing unsecured 8.5% Senior Notes due 2021 issued by Voyager and Voyager Finance Co. (collectively the Issuers) for (i) 100% of the pro forma . . The transaction is the second conversion of a 747-8F operating lease with AirBridgeCargo, part of Volga-Dnepr Group, to a finance lease. Voyager's long-term mission is to create a vertically integrated NewSpace company capable of delivering any space mission humans can conceive. Voyager Aviation Holdings Voyager Aviation . Independent Director for global aircraft lessor Voyager Aviation. Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing company, announced today that its previously announced Exchange Offer, Consent Solicitation and In-Court Restructuring Vote Solicitations (each as defined below) have each expired in accordance with their terms at 11:59 p.m., New York City time, on May 3, 2021 . Various lessor creditors . Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing company, announced today that its previously announced Exchange Offer, Consent Solicitation and In-Court Restructuring Vote Solicitations (each as defined below) have each expired in accordance with their terms at 11:59 p.m., New York City time, on May 3, 2021 . Voyager Aviation, a Dublin-based aircraft lessor, is working with Moelis as financial advisor to address its $415 million 8.5% unsecured notes maturing in August as the Covid-19 pandemic slashed demand for its mostly wide-body aircraft typically used for long-haul flights, according to sources. Its assets of approximately $2 billion consist of primarily young and modern aircraft. Voyager Aviation Holdings, LLC is a privately held aviation investment firm and leading commercial aircraft leasing company based in Ireland. Voyager Aviation Holdings, LLC's out-of-court exchange offer of its senior unsecured notes. Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing company, announced today the commencement of an offer to exchange (the "Exchange Offer") any and all of the outstanding $415,337,000 aggregate principal amount of existing unsecured 8.500% Senior Notes due 2021 (the "Existing Unsecured Notes . Founded in 1934, the airline is headquartered in Airways Park at O. R. Tambo International Airport in Johannesburg and operated a hub-and-spoke network, linking over 40 local and international destinations across Africa, Asia, Europe, North America, South America, and Oceania. This included Dublin-based lessor Voyager Aviation Holdings (Voyager) is offering to equitise its existing unsecured bondholders via an out of court debt restructuring proposal. Acting for Voyager Aviation in respect of its recapitalisation via a consent solicitation with a fall back Irish Scheme or Chapter 11 bankruptcy. STAMFORD, Conn.--(BUSINESS WIRE)--Voyager Aviation Holdings, LLC ("Voyager" or the "Company"), a leading global aviation investment firm and commercial aircraft leasing Issue information. Voyager Aviation details debt restructuring. I have heard that the treasurer, head of Voyager and a couple of other key finance and sales people have resigned recently. The out-of-court transaction transfers majority ownership .

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