Tuesday, June 21, 2016

Good Sign for the Airline Industry

The airline business must be doing well. 3.5% on an unsecured loan is a great rate.  United had trouble with secured loans at 12% only a few years ago.
WestJet is Canada's Southwest
CALGARY, June 13, 2016 /CNW/ - WestJet Airlines Ltd. (TSX:WJA) today announced that it has priced an offering of US$400 million aggregate principal amount of 3.50% senior unsecured notes due June 16, 2021 (the "Notes"). The offering is expected to close on or about June 16, 2016. WestJet intends to use the net proceeds from the offering for general corporate purposes, which includes the purchase of aircraft.

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