Avia Solutions Group, a Dublin-based provider for passenger and cargo airlines worldwide, has completed a $300 million issue of five-year senior unsecured bonds.
Avia said demand for the bonds was strong, with investors subscribing for nearly double the total issue. The proceeds will be used to advance Avia’s business-development initiatives and refinance an earlier bond issuance maturing in 2024, of which $180 million is outstanding.
“We are delighted with the strong appetite for the group’s debt, validating our view in the business’s ability to deploy growth capital intelligently,” said Jonas Janukenas, CEO of Avia. “We are expanding our worldwide services operations, fleet capacity and capabilities to continue delivering exceptional services to customers.”
Avia Solutions Group is the world’s largest aircraft, crew, maintenance and insurance (ACMI) services group, operating a fleet of 212 aircraft. The group comprises more than 100 aviation ser
