Air Freight News

Mumbai Airport gets $750 million in Apollo private placement

Mumbai International Airport Ltd. has raised $750 million from a private bond sale to Apollo Global Management Inc. after delaying a planned note issue.

The operator of India’s No. 2 airport, controlled by the country’s richest man, sold 7.25-year dollar notes to funds managed by Apollo in order to refinance existing debt and fund new capital expenditure, according to a stock exchange notice. The statement did not lay out the terms of the deal.

A major bond market rout globally has prompted several Asian companies to revise their dent sale plans. Kalyan Jewellers India Ltd. announced last month it had halted a dollar bond sale last month, and India’s local currency debt market has also seen a string of shelved deals over recent months.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

Aviation fintech pioneer Airblox launches new live stream function

Users of the Airblox marketplace can now access information on global air freight capacity in real time

View Article
Airforwarders Association calls on software providers for communication

Forwarders are ready to digitalize but need to better understand a demonstrated value proposition, Brandon Fried, Executive Director, Airforwarders Association (AfA) told delegates at the CNS Partnership Conference in Phoenix.

View Article
Chaotic Congress evacuation caused by miscommunication, FAA report shows

A detailed report on the April 20 emergency evacuation of the US Capitol raises new questions about poor communication at a command post designed to ensure security in the skies…

View Article
Qantas to raise fares and cut flights due to high fuel prices

Qantas Airways Ltd. is pushing up fares and making deeper cuts to scheduled flights in Australia to offset months of higher fuel costs.

View Article
https://www.ajot.com/images/uploads/article/1200x-1-49_1.jpg
IndiGo’s billionaire founder partners UPS for logistics venture
View Article
Qantas pilots warn safety risks loom as air travel rebounds

Qantas Airways Ltd.’s pilots union has warned of looming risks to flight safety -- from crew fatigue to looser landing rules in Australia -- as a travel rebound stretches an…

View Article