News / Business
Today’s Most Active Stock - AirTran Holdings, Inc. (NYSE:AAI) - Top Airline Stock
AirTran Holdings, Inc. (NYSE:AAI) - Top Airline Stock
AirTran Holdings, Inc. (NYSE:AAI) is among the top active stocks and rallied $0.23 or 4.70% to $5.31 on huge volume of 5.80 million share . AirTran announced that it has priced its offering of $100,000,000 aggregate principal amount of 5.25% Convertible Senior Notes due 2016. AirTran also announced it has granted the underwriters of the notes offering a 30-day option to purchase up to an additional $15,000,000 aggregate principal amount of the notes, solely to cover over-allotments. Morgan Stanley & Co. Incorporated is acting as sole bookrunner and Raymond James & Associates, Inc. is acting as co-manager for the notes offering. SkyWorks Securities, LLC will act as financial advisor to AirTran.
AirTran Holdings, Inc. (AirTran) conducts the flight operations, through its wholly owned subsidiary, AirTran Airways, Inc. The Company is engaged in operating scheduled airlines in the United States. As of February 2, 2009, the Company operated 86 Boeing B717-200 aircraft (B717) and 50 Boeing B737-700 aircraft (B737) offering approximately 700 scheduled flights per day to 56 locations in the United States (including San Juan, Puerto Rico).
ABOUT PennyStockPickReport.com
www.pennystockpickreport.com is one of the leading stock web site that provides free stock alerts and tracks small cap pennystocks that could be on the brink of a massive breakout. If you wish to get your company featured on our website then please contact us at info @PennyStockPickReport.com
