SIA prices $390 million notes due 2036
January 23, 2026
Singapore Airlines has launched and priced a S$500 million ($390 million) issuance of notes due 2036 at a coupon rate of 2.7%. The notes – issued under its S$10 billion multicurrency medium term note programme – are expected to be issued on 30 January at a price of 100 per cent, states SIA in a 20 January filing to the Singapore Exchange. Net proceeds will be used for aircraft purchases, aircraft-related payments, general corporate or working capital purposes, and includes the refinancing of existing borrowings, it adds. DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) acted as joint global coordinators, while DBS, OCBC, Standard Chartered and UOB were joint lead managers.
Ryanair group chief reiterates opposition to wi-fi amid Musk spat
January 22, 2026
Ryanair group chief executive Michael O'Leary has dismissed the idea of installing the Starlink wi-fi service on the low-cost carrier's aircraft, arguing that few passengers would purchase it. During a broadcasted press conference called following a public spat with Elon Musk – the multi-billionaire owner of Starlink as well as Tesla and social-media site X – O'Leary said that "probably less than 5%" of customers would pay for the service even at a cost of €1-2. "The only way we see Starlink works is if we give it away for free," he added. Meanwhile, installation of the equipment would cost the airline around €200-250 million ($230-300 million), O'Leary estimates, citing the increased fuel drag from attaching two antennae to each aircraft fuselage. That would add around 1-2% to fuel burn, he foresees. Ryanair Group's annual fuel bill exceeds €5 billion. The airline has long been making case against wi-fi, having concluded that the cost outweighs the benefits for Ryanair services with their average stage length of 1h 15min. "I think there's a limited demand for long haul; but short haul, we see no demand. And certainly nothing we can monetise," O'Leary said in March 2025. He and Musk have repeatedly traded insults over recent days, as the X boss called for O'Leary to be fired and each labelled the other an "idiot". Musk has floated the idea of buying Ryanair and having O'Leary replaced. Ryanair responded by launching a "big idiot" flight sale with 100,000 cut-priced tickets, and O'Leary thanking Musk for a boost in visits to the airline's website and a 2-3% increase in bookings. O'Leary added that he would visit X's office in Dublin to present Musk with a free Ryanair ticket. Ownership and control rules forbid non-EU citizens from taking majority stakes in the bloc's carriers, notes O'Leary. But below that threshold, Musk is "welcome to invest", adds Ryanair's group chief.
Harbor Diversified completes Air Wisconsin sale
January 22, 2026
Harbor Diversified has completed the previously announced sale of Air Wisconsin Airlines and its associated operating assets. The US Department of Transportation approved the deal on 5 January and it closed on 9 January, according to a filing to the US Securities and Exchange Commission. Following the sale, Harbor reported that neither the company nor its subsidiaries retain any material operating assets or infrastructure to support an airline. The company kept only a small set of non‑operational items, including lease payments tied to a single aircraft, along with certain insurance claims and tax refunds. Harbor received approximately $110 million for the transaction, subject to customary post‑closing adjustments. Gregg Garvey – formerly chief financial officer and treasurer of Air Wisconsin – has been appointed executive vice-president, chief financial officer and treasurer of Harbor Diversified, continuing as the company’s principal financial and accounting officer. Christine Deister remains chief executive and secretary, while Chad Schimmelpfenning has moved into the role of executive vice-president and chief legal counsel. Robert Binns, who served as president and chief executive of Air Wisconsin, ended his employment with the organisation on 9 January and is not expected to continue with Harbor or its subsidiaries. The board approved cash transaction bonuses for Binns, Garvey and Schimmelpfenning on 8 January, tied to the closing of the sale.