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Operating Data
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PANAMA CITY, Dec. 15, 2020 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for November 2020:
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Operating Data
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November
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November
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% Change
|
|
2020
|
2019
|
(YOY)
|
|
Copa Holdings (Consolidated)
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|
|
|
|
ASM (mm) (1)
|
551.1
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1,987.0
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-72.3%
|
|
RPM (mm) (2)
|
431.5
|
1,700.3
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-74.6%
|
|
Load Factor (3)
|
78.3%
|
85.6%
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-7.3p.p.
|
|
1. Available seat miles – represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
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2. Revenue passenger miles – represents the numbers of miles flown by revenue passengers
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|
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3. Load factor – represents the percentage of aircraft seating capacity that is actually utilized
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Consolidated capacity (ASMs) came in 72.3% lower year over year in November, while passenger traffic (RPMs) decreased 74.6% year over year, which resulted in a 78.3% load factor, 7.3 percentage points lower than November 2019.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean. For more information visit www.copa.com.
CPA-G
CONTACT:
Raúl Pascual – Panamá
Director – Investor Relations
011 (507) 304-2774
 View original content:http://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-november-2020-301193618.html
SOURCE Copa Holdings, S.A.
BROOMFIELD, Colo., Dec. 15, 2020 /PRNewswire/ –Vail Resorts, Inc. (NYSE: MTN) today announced the pricing of its offering of $500,000,000 aggregate principal amount of 0.00% convertible senior notes due 2026 (the «Notes») in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»). The issuance and sale of the Notes are scheduled to settle on
BROOMFIELD, Colo., Dec. 15, 2020 /PRNewswire/ –Vail Resorts, Inc. (NYSE: MTN) today announced the pricing of its offering of $500,000,000 aggregate principal amount of 0.00% convertible senior notes due 2026 (the «Notes») in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»). The issuance and sale of the Notes are scheduled to settle on December 18, 2020, subject to customary closing conditions. Vail Resorts also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date Notes are first issued, up to an additional $75,000,000 principal amount of Notes.
The Notes will be senior, unsecured obligations of Vail Resorts. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on January 1, 2026, unless earlier repurchased, redeemed or converted. Before July 1, 2025, noteholders will have the right to convert their Notes only upon the occurrence of certain events. From and after July 1, 2025, noteholders may convert their Notes at any time at their election until the close of business on the scheduled trading day immediately before the maturity date. Vail Resorts will settle conversions by paying cash and, if applicable, delivering shares of its common stock. The initial conversion rate is 2.4560 shares of common stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $407.17 per share of common stock. The initial conversion price represents a premium of approximately 47.5% over the last reported sale of $276.05 per share of Vail Resorts’ common stock on December 15, 2020. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.
The Notes will be redeemable, in whole or in part, for cash at Vail Resorts’ option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Vail Resorts’ common stock exceeds 130% of the conversion price for a specified period of time. If Vail Resorts elects to redeem less than all of the Notes, at least $50.0 million aggregate principal amount of Notes must be outstanding and not subject to redemption as of the relevant redemption notice date. The redemption price will be equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date.
If a «fundamental change» (as defined in the indenture for the Notes) occurs, then, subject to a limited exception, noteholders may require Vail Resorts to repurchase their Notes for cash. The repurchase price will be equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date.
Vail Resorts estimates that the net proceeds from the offering will be approximately $487 million (or approximately $560 million if the initial purchasers fully exercise their option to purchase additional Notes), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses. Vail Resorts intends to use the net proceeds from the offering for general corporate purposes.
The offer and sale of the Notes and any shares of common stock issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of common stock issuable upon conversion of the Notes, nor will there be any sale of the Notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.
About Vail Resorts
Vail Resorts, Inc. («Vail Resorts»), through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 37 world-class destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN).
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the completion of the offering and the expected amount and intended use of the net proceeds. Forward-looking statements represent Vail Resorts’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, the satisfaction of the closing conditions related to the offering and risks relating to Vail Resorts’ business, including those described in periodic reports that Vail Resorts files from time to time with the SEC. Vail Resorts may not consummate the offering described in this press release and, if the offering is consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Vail Resorts does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
 View original content to download multimedia:http://www.prnewswire.com/news-releases/vail-resorts-inc-prices-500-0-million-convertible-senior-notes-offering-301193617.html
SOURCE Vail Resorts, Inc.
IRVINE, Calif., Dec. 15, 2020 /PRNewswire-HISPANIC PR WIRE/ — The sporty Rio sedan has been honored as a 2021 Vincentric «Best Certified Pre-Owned Value in America» award winner in the Subcompact category. With an ownership cost 2.8-percent lower than expected for its segment, Rio outperformed seven competitors to clinch the win.
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IRVINE, Calif., Dec. 15, 2020 /PRNewswire-HISPANIC PR WIRE/ — The sporty Rio sedan has been honored as a 2021 Vincentric «Best Certified Pre-Owned Value in America» award winner in the Subcompact category. With an ownership cost 2.8-percent lower than expected for its segment, Rio outperformed seven competitors to clinch the win.
«Rio being honored as a ‘Best CPO Value in America’ by Vincentric is validation of Kia’s winning ‘Give It Everything’ spirit,» said Sean Yoon, President & CEO, Kia Motors America, Kia Motors North America. «Kia’s commitment to reliability, innovation and driver satisfaction ensures Kia vehicles withstand the test of time.»
Vincentric, a leading source of cost-of-ownership data and analysis within the automotive industry analyzed over 15,000 vehicle configurations using eight cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The costs were measured after incorporating the specific certified pre-owned warranty offered by the manufacturer while also applying mileage requirements necessary to be authorized as an OEM CPO vehicle. Each CPO vehicle was evaluated in all 50 states plus Washington DC, with the assumption that each would be driven 15,000 miles annually over five years.
«The Kia Rio had a best-in-class performance in the 2021 Vincentric Best CPO Value in America Awards, helped by its low maintenance and repair costs,» said David Wurster, President of Vincentric. The Rio proved its strong CPO value by outperforming its competitors in the Subcompact segment, making it a smart choice for consumers.»
KMA’s CPO program accepts only Kia vehicles that are five years or newer with fewer than 60,000 miles on the odometer, and requires a meticulous 164-point Quality Assurance inspection by certified Kia technicians. CPO vehicles also come with a 10-year /100,000-mile limited powertrain warranty1 and 12-month /12,000 mile-Platinum Coverage2. Whether it’s sporty sedans or undeniably capable SUVs and CUVs that drivers dream of, customers get a great price matched with superb quality, bypassing the stress, risk and uncertainty that typically comes with buying a previously owned vehicle.
About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*
For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.
*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.
________________________________
1 The Kia CPO 10-year/100,000-mile limited warranty program begins on the original in-service date of vehicle and odometer mile «0.» The limited warranty program includes the remainder of roadside assistance, powertrain coverage and the New Vehicle Limited Warranty (Basic). See retailer for details or go to kia.com.
2 Platinum Coverage begins on the vehicle purchase date and odometer reading on purchase date. Platinum Coverage is limited; for exact coverages, exclusions and limitations, please review CPO contract or see retailer for details.
Photo – https://mma.prnewswire.com/media/1386608/Kia_Logo.jpg
SOURCE Kia Motors America
PUERTO VALLARTA, Mexico, Dec. 15, 2020 /PRNewswire-PRWeb/ — In cooperation with Air Partner, a global leader in private aviation services, Mexico’s award-winning
PUERTO VALLARTA, Mexico, Dec. 15, 2020 /PRNewswire-PRWeb/ — In cooperation with Air Partner, a global leader in private aviation services, Mexico’s award-winning Velas Resorts launches its Grand Velas Journey for travelers looking to take a once-in-a-lifetime trip in 2021. The two-week adventure features 15 unique travel experiences, such as microadventures to Mexico’s natural wonders and spirited day trips to Tequila and Valle de Guadalupe; tasting of the World’s Most Expensive Taco at $25K; cooking with one of Mexico’s only Maitre Cuisiners de France; and much more. Accommodations will all be in Presidential Suites ranging in size from 2,793 – 5,451 sq. ft. at the AAA Five Diamond Grand Velas properties in Riviera Maya, Riviera Nayarit, and Los Cabos. For an ultra-premium and seamless experience, private jet transportation is coordinated for the entire trip by Air Partner, including to and from the U.S. as well as between each property. Pricing for the Grand Velas Journey starts at $500,000 USD for 2 people. The full itinerary for the Grand Velas Journey can be found below or at https://www.grandvelas.com/journey. For reservations, email dtobonh@velasresorts.com.
Full Itinerary Details:
Travelers booking the Grand Velas Journey with Velas Resorts and Air Partner will kick off their trip in style with a personalized private jet charter from anywhere in the U.S. to Cancun. Upon arrival, travelers will take a private transfer to Grand Velas Riviera Maya in Playa del Carmen. During their visit, guests will stay for 4 nights in the resort’s lavish 2,793 sq. ft. Grand Class Presidential Suite. A microadventure to Chichen Itza, visit to an underwater museum on an opulent VanDutch 40, lunch 60ft underground in one of the destination’s relatively undiscovered cenotes, and an ancestral beverage tasting are just a few unique activities. Additional exclusive experiences included in the Mexican Caribbean are a cooking class with Velas Resorts’ Culinary Director, Michel Mustiere, one of only ten Maitre Cuisiners de France in Mexico as well as a Mystic Mayan Spa evening complete with a live performance from dancers dressed in traditional Mayan garments with music by snail drums and copal auric cleansing by Mayan shamans.
Next on the journey is Mexico’s Pacific Coast. Enroute, travelers will be whisked away by Air Partner again on a private jet for a daylong adventure to Tequila to visit Casa San Matías, one of Mexico’s oldest tequila houses. Here, guests will:
- learn about traditional and modern tequila making processes;
- indulge in a Mexican picnic in the agave fields and a tequila tasting;
- create a bespoke tequila blend to take home in a Huichol-designed bottle;
- and more.
Then, it’s on to Grand Velas Riviera Nayarit where guests will check in to the resort’s Presidential Suite, with spacious oceanfront terrace and 12-person Jacuzzi, for four nights. Special experiences from here range from the Wixáritari Journey, a private microadventure to visit the ancient holy site of Altavista in the hills of Nayarit, to Sportfishing with the Chef, where guests can fish with a resort chef and enjoy a personally prepared meal by the chef with the catches. A private cinema beachfront and Huichol Massage including copal cleansing to balance low energies and encourage self-reflection are also offered. The treatment is set in the spa’s new Huichol Cabin, embellished with vibrant, authentic décor in homage to the native Huichol Indians, still known today as the last North American indigenous peoples to maintain their pre-Columbian traditions.
Before venturing to the last stop on the journey, Grand Velas Los Cabos in Cabo San Lucas, guests will travel to Ensenada, Mexico via private jet to experience the resort’s Over-The-Top Wine Lovers’ Getaway. While in the Valle de Guadalupe, travelers will visit three top wineries for private tastings before heading to the D’ Poncelis vineyard to make their own vintage. Afterwards, guests will be pampered with an extra special dinner including a wine pairing in the middle of the vineyard from the resort’s two-star-Michelin Chef Sidney Schutte.
Then, before heading back to the U.S., travelers will embark to Grand Velas Los Cabos. In Baja California Sur, travelers will enjoy an adventure to the Sierra de la Laguna Mountains to hike through the canyon, see endemic species, ancient rock formations, flora and fauna, and learn about the Pericúes, the first aboriginal inhabitants of the area. Following the hike, guests will enjoy a multi-course dining experience while witnessing a one-of-a-kind rock mapping light show. At the resort, travelers can enjoy an Art to Table Dinner where dishes on the plate are inspired by pieces from Mexico’s leading artists displayed in the on-property art gallery, a Damiana Massage which employs the therapeutic effects of the native plant and the World’s Most Expensive Taco. The normally $25K culinary masterpiece showcases premium ingredients like langoustine, Kobe beef, Almas Beluga caviar, and more in a creative way. Four nights’ accommodation will be in the resort’s ultra-luxurious Presidential Suite. The 5,451 sq. ft. suite features an expansive oceanfront terrace with spacious plunge pool and lounge area, master suite with king bed and master bathroom with two-person jacuzzi, shower and dressing area, separate living area with personal wine bar, and even a 127 mm Maksutov-Cassegrain telescope to spot whales and other marine life in the adjacent Sea of Cortez.
Pricing for the Grand Velas Journey starts at $500,000 USD for 2 people based on city of departure and return. Prices may vary and are subject to availability during time of booking. For reservations, please contact Dinorah Tobon, Tour & Travel Sales Manager of Velas Resorts at dtobonh@velasresorts.com or 01-984-877-4418. For more information about Velas Resorts, visit https://www.velasresorts.com. For more information about Air Partner, visit http://www.AirPartner.com.
About Air Partner
Founded in 1961, Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments and private individuals, across civil and defense organizations. The Group has two divisions: Air Partner Charter, comprising Group Charter (formerly Commercial Jets), Private Jets, Freight and Remarketing; and Air Partner Safety & Security (formerly Consulting & Training), which comprises Baines Simmons and Redline Assured Security.
Group Charter charters large airliners to move groups of any size. Private Jets offers the Company’s unique pre-paid JetCard scheme and on-demand charter for up to 19 people. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Air Partner Remarketing provides comprehensive remarketing programs for all types of commercial and corporate aircraft to a wide range of international customers.
Baines Simmons offers Aviation Safety Management, Fatigue Risk Management, Air Traffic Services, Wildlife Hazard Management and Aircraft Registry Services. Redline Assured Security delivers government-standard security training and solutions.
Air Partner has 17 offices across three continents, with its headquarters located alongside Gatwick airport in the U.K. The group employs around 450 aviation professionals globally and operates 24/7. Air Partner is listed on the London Stock Exchange (AIR) and is the only publicly listed air charter broker and aviation safety & security consultancy. It is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide.
More information is available on the company’s website (http://www.airpartner.com).
About Velas Resorts
Velas Resorts in Riviera Maya, Puerto Vallarta, Riviera Nayarit, and Los Cabos have earned 56 AAA Diamonds, including the prestigious Five Diamond Award. Other esteemed international awards for services and facilities include Virtuoso’s Best Family Program, Forbes Travel Guide Five Star Award for spa, and TripAdvisor’s Top Hotels in the World, among others. Offering unparalleled all-inclusive experiences, properties include Grand Velas in Los Cabos, with dramatic ocean views and unique spaces infusing every area of the resort; Grand Velas Riviera Nayarit, which enjoys a long stretch of pristine beach and a dramatic backdrop of the Sierra Madre mountains; and Grand Velas Riviera Maya, offering a sophisticated resort experience in the Caribbean with jungle and beach settings. In Puerto Vallarta, Casa Velas is a boutique adults-only hotel and beach club located on the Marina Vallarta Golf Course, and Velas Vallarta, a family-friendly all suites resort and spa located on Banderas Bay. Mar del Cabo, a boutique hotel on Mexico’s Baja Peninsula, opened in December 2018 as its only European Plan offering. Eduardo Vela Ruiz, founder and president of Velas Resorts, operates Velas Resorts with brother Juan Vela, vice president of Velas Resorts, by his side. Explore tips, recipes, lifestyle and travel trends, and the latest news about Velas Resorts on the digital mag: http://www.velasmagazine.com.
Media Contact
Megan Sterritt, KWE Partners, 786-247-4812, sterritt@kwepr.com
SOURCE Velas Resorts
IRVINE, Calif., Dec. 15, 2020 /PRNewswire/ — The sporty Rio sedan has been honored as a 2021 Vincentric «Best Certified Pre-Owned Value in America» award winner in the Subcompact category. With an ownership cost 2.8-percent lower than expected for its segment, Rio outperformed seven competitors to clinch the win.
IRVINE, Calif., Dec. 15, 2020 /PRNewswire/ — The sporty Rio sedan has been honored as a 2021 Vincentric «Best Certified Pre-Owned Value in America» award winner in the Subcompact category. With an ownership cost 2.8-percent lower than expected for its segment, Rio outperformed seven competitors to clinch the win.
Kia Rio recognized by Vincentric for high value and long-term low cost of ownership versus others in its segment.
«Rio being honored as a ‘Best CPO Value in America’ by Vincentric is validation of Kia’s winning ‘Give It Everything’ spirit,» said Sean Yoon, President & CEO, Kia Motors America, Kia Motors North America. «Kia’s commitment to reliability, innovation and driver satisfaction ensures Kia vehicles withstand the test of time.»
Vincentric, a leading source of cost-of-ownership data and analysis within the automotive industry analyzed over 15,000 vehicle configurations using eight cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The costs were measured after incorporating the specific certified pre-owned warranty offered by the manufacturer while also applying mileage requirements necessary to be authorized as an OEM CPO vehicle. Each CPO vehicle was evaluated in all 50 states plus Washington DC, with the assumption that each would be driven 15,000 miles annually over five years.
«The Kia Rio had a best-in-class performance in the 2021 Vincentric Best CPO Value in America Awards, helped by its low maintenance and repair costs,» said David Wurster, President of Vincentric. The Rio proved its strong CPO value by outperforming its competitors in the Subcompact segment, making it a smart choice for consumers.»
KMA’s CPO program accepts only Kia vehicles that are five years or newer with fewer than 60,000 miles on the odometer, and requires a meticulous 164-point Quality Assurance inspection by certified Kia technicians. CPO vehicles also come with a 10-year /100,000-mile limited powertrain warranty1 and 12-month /12,000 mile-Platinum Coverage2. Whether it’s sporty sedans or undeniably capable SUVs and CUVs that drivers dream of, customers get a great price matched with superb quality, bypassing the stress, risk and uncertainty that typically comes with buying a previously owned vehicle.
About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*
For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.
*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.
________________________________
1 The Kia CPO 10-year/100,000-mile limited warranty program begins on the original in-service date of vehicle and odometer mile «0.» The limited warranty program includes the remainder of roadside assistance, powertrain coverage and the New Vehicle Limited Warranty (Basic). See retailer for details or go to kia.com.
2 Platinum Coverage begins on the vehicle purchase date and odometer reading on purchase date. Platinum Coverage is limited; for exact coverages, exclusions and limitations, please review CPO contract or see retailer for details.
 View original content to download multimedia:http://www.prnewswire.com/news-releases/kia-rio-named-best-cpo-value-in-america-by-vincentric-301193550.html
SOURCE Kia Motors America
|
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