| | American Airlines cracks down on portable chargers, following Southwest in an effort to reduce in-flight fire risk |
| American Airlines says it will begin restricting the use of portable chargers during flights next month, following crosstown rival Southwest Airlines with a move it says will “support safety on board while ensuring our customers continue to have the ability to charge when on the go.” The new policy, which takes effect May 1, limits customers to two portable chargers, each of which cannot exceed 100 watt hours, according to a statement the airline shared with The Dallas Morning News. Jordan Parker/Dallas Morning News | | | | | | | | | | American Airlines to sell $1.14 billion in bonds for 32 planes | | American Airlines Group Inc. on Monday is selling $1.14 billion of bonds financing a group of planes. The airline is offering notes in two parts, with the longer portion having an average life of 7.7 years, according to a person with knowledge of the matter. The securities are a type of debt known as enhanced equipment trust certificates, collateralized by 32 new and existing American Airlines planes. The longer-dated notes, a $905.04 million offering, are initially being discussed as yielding somewhere around 5.625%. Yash Roy & Brian W. Smith/Bloomberg | |
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