Wetlease cargo carrier Atlas Air plans to sell about 3m primary shares of common stock under its current shelf registration. Proceeds of the offering will be used to prepay debt and for general corporate purposes.
Michael Chowdry, chairman, chief executive officer and president of Atlas, along with certain other senior executives, will sell around 2.2m additional shares. Morgan Stanley is bookrunner for the offering.
| The complete article appears in the following publication: | |
|---|---|
| Publication Title | Jane's Transport Finance |
| Publication date | Jun 14, 2000 |
| Section | AIR |
| Publication synopsis | The only dedicated financial news service covering the air, rail, airport and shipping industries around the world.
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