Macquarie Infrastructure Corporation Announces Agreement to Sell Atlantic Aviation to KKR for $4.475 Billion
Macquarie Infrastructure Corporation (NYSE: MIC) and KKR today announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.475 billion in cash and assumed debt and reorganization obligations. Atlantic Aviation operates one of the largest networks of fixed base operations (FBOs) in the U.S. providing a full […]
Apollo-backed low-cost airline Sun Country files for U.S. IPO
Sun Country Airlines, an ultra low-cost air carrier backed by private-equity giant Apollo Global Management Inc, filed for an initial public offering on Monday, banking on a rebound in air travel as countries roll out vaccines against COVID-19. Minnesota-based Sun Country, which offers affordable flights and vacation packages to destinations across the United States and […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
