Showing posts with label Cash. Show all posts
Showing posts with label Cash. Show all posts

Tuesday, 8 April 2014

Ryanair opens two Polish bases

Ryanair is opening two Polish bases later this year, at Warsaw Modlin and Gdansk, the airline has confirmed. The no-frills carrier will also open four new routes this winter from Warsaw to Gdansk, Madrid, Shannon and Wroclaw. Ryanair said with an investment of $90 million at Warsaw Modlin airport it aims to deliver 1.9 million passengers a year and sustain 1,900 "on-site" jobs. Ryanair's chief marketing officer Kenny Jacobs said the investment in key business routes and new products proves the airline "delivers more than just low fares".
"Customers can now book their flights on our much improved website and enjoy a free small second carry-on bag, quiet flights, allocated seats and use their personal electronic devices at all stages of their flight, with family and business products coming soon," said Jacobs.

Monday, 24 March 2014

Atlanta airport to save cash in $706M debt sale

The City of Atlanta, which owns Hartsfield-Jackson Atlanta International Airport, will sell about $706 million of mostly tax-exempt debt this week backed by revenue from airport operations, reports Bloomberg.
Bloomberg says the figure is based on deal documents.
Airport spokeswoman Reese McCranie told Bloomberg, “Current scheduled seat projections for the airlines reflect an increase of approximately 1.5 percent for the next six months, and we are optimistic this growth, combined with continued growth in international enplanements, will continue into fiscal year 2015.”
According to bond documents, the airport, which is home to Delta Air Lines Inc., served about 95.5 million passengers in 2012, Bloomberg adds.
The bonds will refinance securities and may provide about $29.2 million in present-value savings, McCranie said. No additional debt sales are anticipated for the remainder of this year, she said.