{"id":8417,"date":"2020-08-04T19:46:00","date_gmt":"2020-08-05T00:46:00","guid":{"rendered":"http:\/\/planesintheair.com\/?p=8417"},"modified":"2020-08-04T19:47:08","modified_gmt":"2020-08-05T00:47:08","slug":"cargo-airline-cashing-in-on-junk-bond-boom","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=8417","title":{"rendered":"Cargo Airline Cashing in on Junk-Bond Boom"},"content":{"rendered":"\n
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At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming.<\/p>\n\n\n\n

With passenger carriers forced to cut most of their freight capacity during the pandemic, seven-year-old Western Global Airlines LLC has picked up new orders amid a surge in online shopping.<\/p>\n\n\n\n

Now, it\u2019s benefiting from another big tailwind: the credit rally sparked by the Federal Reserve\u2019s unprecedented backstop.<\/p>\n\n\n\n

The Estero, Florida-based carrier is borrowing hundreds of millions of dollars from the junk-bond market to fund a stock program that will give it a sizable tax break, hand the founders a large payout and potentially keep its workforce union-free.<\/p>\n\n\n\n

Click the link below to read the full story!<\/p>\n\n\n\n

https:\/\/finance.yahoo.com\/news\/cargo-airline-cashing-junk-bond-231010892.html<\/a><\/p>\n\n\n\n

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At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming. With passenger carriers forced to cut most of their <\/p>\n","protected":false},"author":1,"featured_media":8419,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4510,8637,10174,797,89,5637,4552,8222,10701,10700,5992,2203,5676,8809,10169,10176,10195,10171,868],"tags":[420,118,201,160,12130,5456,3619,508,9395,5627,988,1327,1293,1700,10634,3417,3066,6882,4864,12133,12131,5305,2672,1741,2552,3880,3170,2052,1915,12125,12132,12124,12122,12123,3761,718,412,3675,3119,2383,7520,10938,2466,1090,1685,12126,1485,2169,12128,1725,2841,1055,1851,7973,1553,12129,2855,101,2820,9099,12127,2836,1691,1658,1921,444,8166,541,2080,7099],"class_list":["post-8417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace-news","category-air-cargo-news","category-airline","category-airline-news","category-aviation-news","category-business-news","category-cargo-news","category-consumer-news","category-coronavirus","category-covid-19","category-economic-news","category-finance-news","category-international-news","category-latin-america-news","category-news","category-stock-news-2","category-transport","category-transportation","category-transportation-news","tag-airline","tag-airlines","tag-amazon-com","tag-aviation","tag-backstop","tag-benefits","tag-bond","tag-boom","tag-booming","tag-break","tag-business","tag-capacity","tag-cargo","tag-carriers","tag-covid-19","tag-credit","tag-cut","tag-employees","tag-environment","tag-esop","tag-estero","tag-existing","tag-federal","tag-florida","tag-founder","tag-free","tag-freight","tag-fund","tag-global","tag-handles","tag-jim-neff","tag-junk","tag-known","tag-little","tag-minority","tag-new","tag-news","tag-online","tag-orders","tag-owner","tag-ownership","tag-pandemic","tag-parcel","tag-partners","tag-passenger","tag-payout","tag-plan","tag-program","tag-rally","tag-reserve","tag-sell","tag-service","tag-shareholders","tag-shipments","tag-shopping","tag-sparked","tag-stake","tag-stock","tag-strategic","tag-surge","tag-tailwind","tag-tax","tag-transport","tag-transportation","tag-union","tag-united","tag-unprecedented","tag-ups","tag-western","tag-workforce"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8417"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8417\/revisions"}],"predecessor-version":[{"id":8420,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8417\/revisions\/8420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/8419"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}