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Aviation Industry

Sky Airline to Pursue IPO for Continued Growth in Latin America

octubre 31, 2017

The Chilean low-cost carrier Sky Airline is nowadays seeking financial options to fit their investments needs in the near future. For that purpose, top management has embarked in a non-deal roadshow with local and international investment banks in Santiago, Rio de Janeiro and New York in order to review different options to raise new funds in the midst of an ambitious expansion plan of US $1 billion, projected for 2020.

The plan includes a total fleet renewal that will add 21 brand new Airbus A320neo, with the delivery of the first 6 units taking place during 2018. They will completely replace today’s fleet composed by 13 A319-100 and 2 A320-200 by 2020. The US $1 billion fleet investment is payable within the next 20 years, the actual length of the rental contract of the aircraft, and it’s projected that this move will bolster in 24% the total seat capacity of the firm…

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Fuente: http://www.aviationpros.com/blog/12377020/sky-airline-to-pursue-ipo-for-continued-growth-in-latin-america

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