ty B
good morning
American Airlines to offer $5 billion in notes to repay government debt
American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to pay down government debt.
The U.S. airline, which has been hard hit by the COVID-19 pandemic, would also enter into a $2.5 billion term loan credit facility backed in part by its loyalty program AAdvantage. American Airlines said it will use the proceeds to repay the outstanding amount from the loan with the U.S. Treasury, that is currently secured by collateral, and for general corporate purposes.
In January, the airline authorized a $1 billion stock sale, following an ongoing $1 billion offering launched in October to boost liquidity.
The company’s subsidiary American Airlines Inc and AAdvantage Loyalty IP Ltd - an indirect owned subsidiary - intend to commence the offering.
https://www.reuters.com/article/american-airline-debt/update-1-american-airlines-to-offer-5-bln-in-notes-to-repay-government-debt-idUSL4N2L62XM
REDEYE9 USAF E-8C Joint STARS over Latvia from Ramstein AFB
The E-8C Joint Surveillance Target Attack Radar System, or Joint STARS, is an airborne battle management, command and control, intelligence, surveillance and reconnaissance platform. Its primary mission is to provide theater ground and air commanders with ground surveillance to support attack operations and targeting that contributes to the delay, disruption and destruction of enemy forces.
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104507/e-8c-joint-stars/
>me thinks gb gett'n alot of you's kek
not sitting here like newsfaggit fapping to them though.
SAM864 USAF G5 returning to Doha, Qatar after a trip east
Arrived at Doha 0307 from Split, Croatia where it arrived on 0305 from JBA depart
Greensill Capital Tumbles Into Insolvency, Spreading Financial Pain
Greensill Capital filed for insolvency protection Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG froze investment funds that were critical to the startup’s operations.
The unwinding has rippled to holders of the Credit Suisse funds, German municipalities who deposited money with Greensill’s bank, and a high-profile duo of venture-capital investors. Greensill specialized in supply-chain finance, a type of short-term cash advance to companies to stretch out the time they have to pay their bills. The firm was once worth $4 billion based on investments from SoftBank Group Corp.’s Vision Fund. The collapse marks a high-profile blow for the mammoth Japanese investor.
Founded by Australian-born Lex Greensill, the company billed itself as a technology startup that competed with traditional banks such as Citigroup Inc. and JPMorgan Chase & Co. Greensill’s goal was to offer supply-chain finance to companies that had fallen below the radar of traditional banks that preferred larger, more established clientele. In a typical supply-chain finance deal, Greensill would pay a company’s suppliers sooner than they would normally expect, but at a discount. The company then would pay Greensill the full amount down the road. The supplier would get paid early, the company would have more flexibility over its cash, and Greensill would be left with a small profit. Instead of holding the cash advances—which typically get renewed every 60 or 120 days—on its balance sheet like a traditional bank, Greensill spun most of them into bondlike securities, or notes. Investment funds managed by Credit Suisse and GAM Holding AG scooped up those notes, providing professional investor clients with what appeared to be a low-risk way to eke out higher returns than could be gained in bank accounts or money-market funds. The funds in essence served as off-balance-sheet financing for Greensill.
Greensill’s operations seized last week when Credit Suisse stopped investors from taking money in or out the $10 billion in supply-chain investment funds. GAM followed suit the next day with its $800 million fund. Both have said they would wind down the funds. The Credit Suisse move was triggered after Greensill lost coverage from a set of credit insurers that provided protection in case the startup’s clients defaulted. The insurance was crucial because it made Greensill’s assets appear safer to Credit Suisse’s institutional investors, some of whom are restricted from putting cash into riskier investments.
https://www.wsj.com/articles/greensill-capital-tumbles-into-insolvency-spreading-financial-pain-11615216346
David Cameron is an "advisor" at Grennsill Capital
>Technology is really terrific until it isn't.
Fuggen HATE it nao
Muh n'bor, a little younger said same thing last week.
the boil is certainly on.
VENUS62 USAF G5 KAF AC of interdast on approach at Corpus Christi, TX Int'l Airport-from JBA
On a go-around
Usually do not mention these much any longer however this is a high profile AC from the 99th Airlift Squad.
VENUS flights are usually a crew transfer/cert. flight or some other pedestrian non-VIP function.
VVLL849 US Navy P-8 Poseiden just east of Andros Island out of NAS Jax
GTMO845 US Navy Beech Huron appears se of Bahamas heading to Ft. Lauderdale Int'l
More Chinese stocks likely to follow after CNOOC's New York exit
The forced U.S. delisting of CNOOC, China's largest offshore oil producer, is likely to be followed by more exits as the new Biden administration holds to the tough line of the previous presidency.CNOOC, which listed on the New York Stock Exchange in 2001, will be ejected following a final day of trading on Monday to comply with an executive order issued by then-President Donald Trump last November banning U.S. investment in designated companies found to have ties to the Chinese military. Luokung Technology, a provider of map software and cloud services, faces removal from the Nasdaq Stock Market from March 15 while another four companies, including phone maker Xiaomi, which trade over the counter in New York have also been blacklisted. Analysts see PetroChina and China Petroleum and Chemical Corp., known as Sinopec, also under threat though they are not part of the blacklists yet.
"Given that the Treasury Department and potentially the Defense Department are expected to identify additional companies subject to the executive order, including subsidiaries of previously identified companies, other Chinese companies listed on U.S. exchanges could be impacted down the road," said Nick Turner, a lawyer specializing in sanctions at Steptoe and Johnson in Hong Kong. He said the agencies could name more companies in the "coming weeks."
China Blue Chemical, majority owned by CNOOC, trades over the counter in the U.S. as does ZTE, in which blacklisted China Aerospace Science and Technology has an indirect 27% holding, and Air China, controlled by the sanctioned China National Aviation Holding. China Blue, Air China and ZTE have not commented on the issue so far.
CNOOC Chief Executive Xu Keqiang on Feb. 5 had said his company's blacklisting was the result of a "misunderstanding" and that he hoped for dialogue with Washington to resolve the issue. CNOOC shares have slid 6% in New York since the NYSE announced its intention on Feb. 26 to kick out the company, almost twice the decline seen in its Hong Kong shares over the period.CNOOC joins China Mobile, China Unicom (Hong Kong) and China Telecom which were suspended from NYSE trading in January. The trio have requested a review of the bourse's decision to delist their shares, though their stocks have since risen in Hong Kong. They have been among the main beneficiaries of record inflows this year through an investment channel that allows mainland Chinese to buy stocks listed in the city. China Telecom has surged 33% while China Mobile has gained 29% and China Unicom 9%.
"It wouldn't be surprising to see more companies facing the same fate as CNOOC or China Mobile," said Hao Hong, head of research at BOCOM International in Hong Kong. "Companies with no known links to the Chinese military have been named by the past administration," he said. "For now, Biden's focus is on domestic issues, not on the relationship with China." As of October, there were 217 Chinese companies listed on U.S. exchanges with a total market capitalization of $2.2 trillion, according to the U.S.-China Economic and Security Review Commission. While most of the companies blacklisted by the Trump administration were state-owned enterprises, the example of Xiaomi points up the risk even for private companies.
In response to a legal challenge by the Chinese company to its blacklisting, the Department of Defense said that Xiaomi had been singled out because of a state award given to Chief Executive Lei Jun for his services to the government and because of the company's plans to invest in areas such as 5G and artificial intelligence. The stocks so far affected by delisting were not often traded in New York, but the sanctions have caused short-term disruptions as investors race to liquidate positions. Xiaomi shares, which tripled last year, have lost a third of their value in Hong Kong since its blacklisting on Jan. 14. Last Friday, FTSE Russell said it would drop Xiaomi from its indexes by the end of this week unless it receives further clarifications from Washington. S&P Dow Jones Indices has also said it will evict Xiaomi.
U.S. officials have not publicly explained the specifics of CNOOC's blacklisting, but the company and its unlisted parent have been at the center of territorial disputes in the South China Sea and East China Sea between Beijing and its neighbors regarding sovereign control over drilling rights.
https://asia.nikkei.com/Business/Markets/More-Chinese-stocks-likely-to-follow-after-CNOOC-s-New-York-exit
keep muh eye out
SAM930 USAF C-40B on ground at Vandenberg AFB, CA from JBA depart earlier
Landed about 25 minutes ago
EXEC1F USAF C-32A departed JBA nw
This is secondary AF2 AC
EXEC1F or Executive One Foxtrot is used by First Lady and/or family members
BURN72 USAFSOC C-32B heading for McGuire AFB, NJ from it's Tucson Int'l overnight and depart.
deez active today
Nasdaq 100 Has Not Diverged This Much From the Dow Since 1993
One of the best manifestations of the rotation from formally high-flying growth stocks to value shares can be seen in the divergence of the Nasdaq 100 from the Dow Jones Industrial Average.
As the 125-year-old benchmark sets another intraday record, the Nasdaq 100 is slumping toward a level traditionally seen as a correction. It’s the first time since 1993 that the Dow was at a record, while the tech-heavy gauge was this close to a 10% drop from its high. “Investors are feeling better about the recovery and looking to own improving fundamentals within large caps outside of tech and growth where valuations are more reasonable,” said Mike Bailey, director of research at FBB Capital Partners. “The focus on better fundamentals at a reasonable price may be driving the Dow to new highs.”
About 93% of the 30-member Dow index traded higher Monday as of 1:30 p.m. in New York, with shares of Walt Disney Co. leading with a more-than 5% gain. Visa Inc. also added close to 5% while Goldman Sachs Group Inc. and Home Depot Inc. each advanced about 3%. Tesla Inc. weighed on the 36-year-old Nasdaq 100.
The split-market activity on display is another manifestation of the rotation underway as investors switch into shares of companies whose fortunes are closely tied to the economic cycle. That’s been painful for high-growth, high-valuation tech shares that become less appealing amid bond-market turbulence that’s sent yields on 10-year Treasuries toward 1.6%.
https://www.bnnbloomberg.ca/nasdaq-100-has-not-diverged-this-much-from-the-dow-since-1993-1.1574061
SAM937 USAF G5 departed Boston, MASS Logan Int'l after ground stop-arrived from JBA earlier today
EXEC1F USAF C-32A on descent for Seattle, WA
Jill Biden visits Washington state this week
On Tuesday, March 9, the first lady will speak with military families about their experiences during the COVID-19 pandemic. After her western Washington visit, Biden will travel to the Marine Corps Air Ground Combat Center in Twentynine Palms, California on Wednesday.
https://www.king5.com/article/news/politics/first-lady-dr-jill-biden-visits-washington-state-tuesday/281-0c9f17b1-5296-460b-9489-2829a2da31b9
SAM750 USAF C-40B State Dept AC on approach for MacDill AFB from JBA
SAM937 USAF G5 on approach for JBA from Boston-Logan int'l ground stop
Blockchain firm Ripple to end partnership with MoneyGram
Blockchain payment firm Ripple will end partnership with money transfer services company MoneyGram International Inc, the companies said on Monday. They did not specify the reason behind the decision to terminate the agreement, but Ripple Chief Executive Officer Brad Garlinghouse said in a Twitter post here that the companies were committed to revisiting the partnership in future.Ripple bought a $30 million stake in MoneyGram in 2019, with the partnership initially set for two years. The deal allowed MoneyGram to use Ripple's product for cross-border payment and foreign exchange settlement.
In December, the U.S. Securities and Exchange Commission charged Ripple, associated with cryptocurrency XRP, with conducting a $1.3 billion unregistered securities offering. While bitcoin is considered a commodity by U.S. financial regulators, most other cryptocurrencies are yet to be classified as commodities or securities. MoneyGram, which stopped transacting under its commercial agreement with Ripple in early December, said in a regulatory filing it will not receive any market development fees in 2021.
https://www.reuters.com/article/ripple-moneygram-intl/update-2-blockchain-firm-ripple-to-end-partnership-with-moneygram-idUSL4N2L645Z
ty B
for the add