Global Aviation Holdings

Voyager Aviation Holdings Reaches Sale Agreement with Azorra

Retrieved on: 
Thursday, July 27, 2023
Air, Transport, Other Transport, Greenhill & Co., Chapter 11, Title 11, United States Code, FTI Consulting, Aviation, Milbank, Global Aviation Holdings, Sale, Growth, VAH, Airline

Voyager Aviation Holdings, LLC (“VAH” or the “Company”), a leading global aviation investment firm, announced today that it has reached an agreement with Azorra Explorer Holdings Limited (an affiliate of Azorra Aviation Holdings, LLC) (“Azorra”) to sell substantially all of VAH’s assets and for Azorra to assume and maintain ongoing employee and business arrangements with VAH’s employees and aircraft lessees.

Key Points: 
  • Voyager Aviation Holdings, LLC (“VAH” or the “Company”), a leading global aviation investment firm, announced today that it has reached an agreement with Azorra Explorer Holdings Limited (an affiliate of Azorra Aviation Holdings, LLC) (“Azorra”) to sell substantially all of VAH’s assets and for Azorra to assume and maintain ongoing employee and business arrangements with VAH’s employees and aircraft lessees.
  • The agreement will create a stronger, more diversified platform as VAH and Azorra bring together a global customer base, talented employees, and unique commercial aircraft leasing solutions to better serve their airline customers.
  • The Company is entering Chapter 11 with a sale agreement with Azorra, a Chapter 11 plan and the support of key financial stakeholders to sell substantially all of VAH’s assets and transition its employees and lease agreements to Azorra, as documented in a restructuring support agreement.
  • To guide VAH through the Chapter 11 and sale process, the Company has appointed a Chief Restructuring Officer, Robert Del Genio from FTI Consulting.

VAH Delivered Its Second New Airbus A220-300 in 2022 and Announces Five More A220 Aircraft Under Sale and Leaseback

Retrieved on: 
Thursday, January 26, 2023
Air, Aerospace, Transport, Other Travel, Manufacturing, Transportation, Travel, Airbus, Global Aviation Holdings, VAH, CO2, Sale, A220, Airport, Breeze Airways, Partnership, A220-300, NOx, Aircraft, Airline

“We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft,” continued Hooman Yazhari, VAH Executive Chairman.

Key Points: 
  • “We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft,” continued Hooman Yazhari, VAH Executive Chairman.
  • “The transaction underscores the strength of our partnerships and aligns with our strategy to continue diversification of our portfolio in aircraft types and new airline partnerships.
  • The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous generation aircraft, and 50% lower NOx emissions than industry standards.
  • In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft - making the A220 a good neighbor around airports.

Ceragon's Board Unanimously Rejects Aviat's Revised Indication of Interest

Retrieved on: 
Monday, August 8, 2022
U.S. Securities and Exchange Commission, CEO, Failure, SEC, Board, Security (finance), Research, Communication, Annual report, AGM, Article, Acceleration, Securities Act of 1933, Gold, Committee, Securities Exchange Act of 1934, Efficiency, Terminology, EGM, IOI, Risk, Industry, Technology, Private Securities Litigation Reform Act, Sale, Government, RND, Public expenditure, Letter, Uncertainty, Privacy, Semiconductor, TSR, Rit, Media, Global Aviation Holdings, Aviat Networks, Income, Our Boarding House, COVID-19, VocalTec, Solution, Telecom, Association, Board of directors, Negotiation, Company, Erosion, NASDAQ, Information technology, Airline, Renewable energy, Weapon, Pharmaceutical industry, Risk management, Gasoline, Management, Internet service provider, Aviat, Ceragon

ROSH HA'AIN, Israel, Aug. 8, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our") today issued the following letter to shareholders concerning the response of Ceragon's Board of Directors (the "Board") to the revised unsolicited, highly conditional, non-binding indication of interest from Aviat Networks, Inc. (NASDAQ: AVNW), a competitor of Ceragon.

Key Points: 
  • Our Board has unanimously concluded, with the assistance of independent financial and legal advisors, that the slightly improved Revised IOI of $3.08 continues to significantly undervalue Ceragon.
  • Aviat is proposing that Ceragon's shareholders approve director nominees hand-picked by Aviat to control Ceragon's Board with little regard to Ceragon's business.
  • Our Board is comprised of leaders with substantial telecom and public company board experience.
  • However, we sincerely believe Aviat's highly conditional and low-ball Revised IOI is not in the best interest of Ceragon's shareholders.

VAH Announces New Seven Aircraft Purchase Agreement of ~ $300 Million

Retrieved on: 
Tuesday, July 5, 2022
Professional Services, Air, Transport, Transportation, Finance, Travel, Royal Bank of Canada, Acquisition, Royal Bank, A320-200, VAH, Air France, Cebu Pacific, Company, Breeze Airways, Boeing 787 Dreamliner, Horan, BlueBay Asset Management, LLC, Boeing, ITA, Principal, Global Aviation Holdings, Philippine Airlines, Airbus, Board, Sichuan Airlines, Aviation, Management, 300 metres, Airline, Turkish Airlines

Voyager Aviation Holdings, LLC (VAH) announced the signing of a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines.

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH) announced the signing of a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines.
  • The average age is ~8 years with an average remaining lease term of ~5 years.
  • The portfolio was selected to support the Companys diversification into younger narrowbody assets with attractive returns for the Companys shareholders and third-party investors.
  • VAH is a privately held aviation investment firm and commercial aircraft leasing company.

VAH Announces A330-300 Aircraft Lease Extensions

Retrieved on: 
Monday, June 20, 2022
Transportation, Air, Transport, Travel, Breeze Airways, Sichuan Airlines, Aircraft, Cebu Pacific, VAH, A330-300, Company, LLC, Growth, Partnership, Air France, Philippine Airlines, Airline, Global Aviation Holdings, ITA, Turkish Airlines

Voyager Aviation Holdings, LLC (VAH) announced today that they have successfully extended the agreement for the long-term lease of five (5) Rolls-Royce powered A330-300 aircraft with Turkish Airlines for an extension of four more years.

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH) announced today that they have successfully extended the agreement for the long-term lease of five (5) Rolls-Royce powered A330-300 aircraft with Turkish Airlines for an extension of four more years.
  • VAH delivered these aircraft to Turkish Airlines during 2016 and 2017 for an initial lease term of six (6) years following the installation of a new, dual-class cabin interior.
  • We are very pleased to continue our valued partnership with Turkish Airlines and support the airline in its growth.
  • VAH is a privately held aviation investment firm and commercial aircraft leasing company based in Ireland.

VAH Takes Delivery of Its First New Airbus A220

Retrieved on: 
Monday, April 25, 2022
Transportation, Air, Transport, Travel, Global Aviation Holdings, CEO, Travel, A220, LLC, Aviation, Airport, Breeze Airways, Philippine Airlines, NOx, CO2, Sale, ITA, Growth, Technology, Cebu Pacific, Company, VAH, Air France, City, Partnership, Sichuan Airlines, Airline, Airbus, Turkish Airlines

Voyager Aviation Holdings, LLC (VAH) announced today that it has delivered one new Airbus A220 on long-term lease to Breeze Airways (Breeze).

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH) announced today that it has delivered one new Airbus A220 on long-term lease to Breeze Airways (Breeze).
  • We are delighted to deliver our first A220 to Breeze and to begin our partnership with the airline and its Management team, VAH President & CEO Mike Lungariello said.
  • The performance and fuel efficiency of this A220 aircraft is a key component to the Breeze business strategy.
  • This is VAHs first A220 and delivery from Airbus U.S. Manufacturing Site.

VAH Announces the Further Strengthening of the Management Team; Appointment of General Counsel

Retrieved on: 
Thursday, March 10, 2022
Legal, Transportation, Finance, Travel, Consulting, Professional Services, Air, Transport, Aircraft, Senior counsel, Company, Philippine Airlines, VAH, LLC, Breeze Airways, Aviation, Business, GE Capital, General counsel, ITA, Sichuan Airlines, Growth, Air France, Global Aviation Holdings, CEO, Cebu Pacific, Airline, Turkish Airlines

Voyager Aviation Holdings, LLC (VAH) announced today that Lisa McCarthy has joined VAH as its General Counsel.

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH) announced today that Lisa McCarthy has joined VAH as its General Counsel.
  • Ms. McCarthy brings 15 years of legal counsel experience in aviation financing and leasing to VAH.
  • Prior to this role, she served as the General Counsel of Global Jet Capital, Inc.
  • Mike Lungariello, President and CEO of VAH commented, Over the past year, VAH has strengthened its balance sheet and financial position.

VAH Announces Closing of $500 Million Warehouse Facility

Retrieved on: 
Monday, February 28, 2022
Professional Services, Transport, Aerospace, Logistics, Supply Chain Management, Manufacturing, Finance, Morgan Stanley, Citibank, Facility, Deutsche Bank, Global Aviation Holdings, Milbank, LLC, Credit Suisse, KPMG, Aircraft, VAH, Walkers, CEO, Citigroup, Airline

Voyager Aviation Holdings, LLC (VAH), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (the Facility).

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (the Facility).
  • Citi and Credit Suisse both acted as Joint Lead Arrangers on the Facility.
  • Mike Lungariello, President and CEO of VAH commented, This $500 million Facility, with participation from marquee aviation lenders, demonstrates the confidence the market has with the VAH platform.
  • Milbank acted as legal advisor to VAH with Vedder Price acting as legal advisor to the lenders.

VAH AND AV AirFinance Limited Announce Inaugural Financing

Retrieved on: 
Tuesday, February 15, 2022
Professional Services, Air, Transport, Aerospace, Manufacturing, Finance, Cebu Pacific, Company, Philippine Airlines, CFO, Solution, VAH, Air France, Sichuan Airlines, Breeze Airways, AV, AirBridgeCargo, View, Partnership, Senior, Institute of Management Accountants, News, Aviation, LLC, Global Aviation Holdings, ABC, Airline, Turkish Airlines, Voyager Aviation Holdings, AV AirFinance Limited, VOYAGER AVIATION HOLDINGS, AV AIRFINANCE LIMITED

The financing, which was provided by AV AirFinance Limited (AV AirFinance), represents the inaugural transaction between the two companies.

Key Points: 
  • The financing, which was provided by AV AirFinance Limited (AV AirFinance), represents the inaugural transaction between the two companies.
  • The transaction creates a new lending partnership with AV AirFinance and also addresses one of the Companys 2022 secured debt maturities, generating additional liquidity to support VAHs growth plans.
  • We are very excited to crystallize our relationship with AV AirFinance with this completed financing and we look forward to future transactions with the AV AirFinance team, added Christian Ginez, VAHs Head of Strategic Finance.
  • Ryan Jasinski, Senior Vice President at AV AirFinance commented: The AV AirFinance team is excited to work with VAH and continue to provide long-term financing solutions to help grow their platform.

VAH Announces the Appointment of CFO

Retrieved on: 
Thursday, January 27, 2022
Air, Transport, Aerospace, Manufacturing, Philippine Airlines, AirBridgeCargo, LLC, Growth, Sichuan Airlines, Aviation, Citigroup, Cebu Pacific, Ewing, Industry, Global Aviation Holdings, Company, Air France, Investment, Deutsche Bank, Transport, VAH, Breeze Airways, I.F.L.Y., CEO, Airline, Turkish Airlines, Alitalia, Air, Transport, Aerospace, Manufacturing

Voyager Aviation Holdings, LLC (VAH) announced today that Sen Ewing has joined VAH as its Chief Financial Officer.

Key Points: 
  • Voyager Aviation Holdings, LLC (VAH) announced today that Sen Ewing has joined VAH as its Chief Financial Officer.
  • Mike Lungariello, President and CEO of VAH commented, Over the past year, VAH has made significant strides in strengthening our balance sheet, strengthening our current customer relationships, and developing new ones.
  • Mr. Ewing commented, I am extremely excited and privileged to join VAH at this critical time of significant opportunity.
  • VAH is a privately held aviation investment firm and commercial aircraft leasing company based in Ireland.