Deals this week: Icelandair, Sky and Space Global, Air Industries Group


Icelandair has awarded a contract to aviation services provider TRU Simulation + Training to supply a Boeing 737 MAX full flight simulator (FFS).

Scheduled to be delivered next year, the FFS will be installed at Icelandair’s flight training centre in Reykjavík, Iceland.

UK-based satellite firm Sky and Space Global has raised $7.53m through private placement of more than 52 million ordinary shares to institutional and sophisticated investors at a price of $0.59 a share.

Proceeds from the private placement will be used to supplement Sky and Space Global’s general working capital to enhance its satellite operations.

A prospectus relating to the public offering of shares of common stock has been filed by Air Industries Group with the Securities and Exchange Commission (SEC).

"Proceeds from the private placement will be used to supplement Sky and Space Global’s general working capital to enhance its satellite operations."

A part of the proceeds from the public offering will be used for general corporate purposes and to repay outstanding amounts to accounts payable.

United Technologies is offering $1.1bn of 3.125% notes due 2027 in a public offering.

The proceeds from the offering will be used for the repayment of previously issued notes and commercial papers, and for general corporate purposes.

The company has simultaneously announced a public offering of 1.9% notes due 2020 for raising $1bn, 2.8% notes due 2024 for $800m, 4.05% notes due 2047 for $600m, and 2.3% notes due 2022 for $500m.

The Boeing Company has secured an order from Canada’s WestJet Airlines to supply ten 787-9 Dreamliner aircraft with an option for an additional ten units.

The airline is expected to take delivery of the first ten aircraft between 2019 and 2021, while the remaining aircraft are scheduled to be delivered between 2020 and 2024.