tyb
from 2006
BlackRock Announces Retirement of Two Members from Its Closed-End Funds Boards of Directors/Trustees
The Boards of Directors/Trustees of the BlackRock Closed-End Funds today announced the retirement of Mr. James Clayburn LaForce Jr. and Mr. Walter F. Mondale from the Boards of Directors/Trustees. Mr. LaForce and Mr. Mondale have served on the Boards of Directors /Trustees of BlackRock's closed-end funds since 1992 and 1988, respectively.
"On behalf of the entire Board of Directors, I'd like to thank Mr. LaForce and Mr. Mondale for their dedication to the BlackRock Closed-End Fund complex and the shareholders of the complex," said Ralph L. Schlosstein, Chairman of the Board of the 55 BlackRock closed-end funds. "For approximately 15 years, their valuable contributions have helped protect and preserve the interests of BlackRock's closed-end fund shareholders. It has been a pleasure to work with them and I wish them both the very best in future years."
Mr. LaForce and Mr. Mondale have provided outstanding service on the BlackRock Closed-End Funds, during a period when BlackRock's closed-end fund assets grew to $17.6 billion and the number of BlackRock's closed-end funds grew to 55," said Dr. Andrew F. Brimmer, lead independent director for these funds. "On a personal note it has been a real pleasure to work with these outstanding individuals."
As part of the planned retirement of Mr. LaForce and Mr. Mondale, Mr. R. Glenn Hubbard and Ms. Kathleen F. Feldstein previously joined the Boards of Directors/Trustees.
https://www.businesswire.com/news/home/20060223006062/en/BlackRock-Announces-Retirement-Members-Closed-End-Funds-Boards
Boeing Shops $10 Billion Loan at Price Similar to Older Debt-Citigroup to lead
Company seeks to pay rates in line with existing revolvers. Citigroup-led $10 billion delayed-draw term loan wraps up this week.
Boeing Co. is marketing its new $10 billion loan deal with pricing in line with the company’s existing credit lines, according to people familiar with the matter. The loan, which would help the U.S. planemaker ease its growing financial strain, will have a margin of 100 basis points over the London interbank offered rate, the people said. Boeing will pay a 9 basis point ticking fee while it doesn’t draw the money, the people added. The debt will mature in two years and be structured as a delayed-draw term loan, which allows Boeing to access the funds at a later date, Bloomberg previously reported. Citigroup Inc. is leading the deal.
This pricing is in line with the planemaker’s most recent $9.5b revolving credit facilities signed in October. At Boeing’s current rating of A3 by Moody’s Investors Service and A- at S&P Global Ratings, the revolver costs 100 basis points over Libor if the company taps the credit line or requires a nine basis point facility fee if Boeing doesn’t. Both Moody’s and S&P are considering downgrading the company, which would knock it into the lowest tier of investment-grade rankings and raise its borrowing costs. Representatives from Citi and Boeing declined to comment.
The company is marketing the loan as it weighs another cut to production of its marquee 787 Dreamliner amid sluggish demand for its twin-aisle jet. The new loan is expected to wrap up this week, said the people. The lender group is expected to be smaller than that on its revolving facilities, they added. Around 35 lenders participated in Boeing’s existing credit lines. The $10 billion size of the new loan may increase if participation interest from banks exceeds the target size, the people said. Boeing has already borrowed $21.5 billion of new debt since the crash of its first Max planes in Indonesia in October 2018.
The fresh funding comes as Boeing contends with reimbursing customers, keeping suppliers afloat and maintaining about 400 newly built Max that it can’t deliver until global regulators clear the jet to fly. A production halt taking hold this month on the Max, which has been grounded since March, is a sign that its emergence from the crisis will be lengthy.
https://www.bloomberg.com//news/articles/2020-01-24/boeing-shops-10-billion-loan-at-prices-similar-to-older-debt
HUAF Dassault Falcon from Bristol to Lydd-London Ashford Airport.
SAM036 VIP up from Stansted Airport
flew in here once and muh pilot said "welcome to Stansted the only airport that doubles as a construction site."
this, below is from 2006 and wuz just to backup another anons comments. no need to notabruh it.
>7900218
not one minute have I.
o7
WATCH: First test flight of Boeing's new 777X jet
Boeing's new 777X jet is expected to make it's first test flight Friday morning.
The commercial plane will be the "world's largest and most efficient twin-engine jet," according to Boeing. The outside 12 feet of each of the jet's wings can fold up, allowing the jet to get into airport gates. The plane’s overall wingspan is 235 feet.
https://www.king5.com/article/tech/science/aerospace/boeing/boeing-prepares-for-777x-test-flight/281-4662dd3e-a036-4795-ac0b-039cb28e574c