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El Al to raise $94.55M in bond offering for purchase of two Boeing 737-900

The first of the jets is due to be delivered on March 25 and the second in July
09.03.14 / 12:31
El Al to raise $94.55M in bond offering for purchase of two Boeing 737-900
09.03.14
El Al to raise $94.55M in bond offering for purchase of two Boeing 737-900

El Al Israel Airlines reported last Tuesday that a Canadian bank will issue USD$94.55 million worth of bonds in the US market to finance the purchase of two Boeing 737-900 ER aircraft.

 

The Boeing 737-900 ER has the highest capacity and lowest seat-mile cost of Boeing’s single-aisle family and will perfectly complement EL AL’s existing fleet of Next-Generation 737-700s and 737-800s.

 

The first of the jets is due to be delivered on March 25 and the second in July, El Al said in a statement. El Al’s 737-900 ERs will also feature the innovative Boeing Sky Interior, enabling the airline to differentiate itself from its competitors by offering passengers a more comfortable travel experience.

 

The 737 Boeing Sky Interior features modern sculpted sidewalls and window reveals, LED lighting to enhance the sense of spaciousness and larger pivoting overhead stowage bins. The bonds, according to the company's statement will bear fixed interest rate of 2.623% . The bonds will be redeemed in 49 quarterly payments over 12 years. They will be guaranteed by the Export Import Bank of the United States.

 

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