On October 23, 2013, Hong Kong Aircraft Engineering Company Limited (“HAECO”) announced that it has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services, Inc. (“TIMCO”) for cash consideration of US$388.8 million, subject to closing adjustments. Cravath represented HAECO in connection with this transaction. TIMCO is a U.S.‑based provider of aircraft maintenance, repair and other services. The acquisition is expected to be completed in the first quarter of 2014, subject to satisfaction of the conditions contained in the stock purchase agreement.

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Milbank, Tweed, Hadley & McCloy has advised underwriters in structuring $797 million in enhanced equipment notes issued by Virgin Australia Holdings Limited.  The offering represents the Australian carrier’s first foray in the global debt markets.

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Davis Polk advised CSX Corporation on its SEC-registered offering of $500 million aggregate principal amount of 3.700% notes due 2023.  Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.

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