Aveos Fleet Performance is liquidating its Canadian aircraft maintenance business. The Quebec Superior Court gave permission yesterday for the maintenance company to cease all operations. Some 1,300 e...
International Air Transport Association (IATA) has forecast that the global airline industry could suffer losses of more than $5bn if the oil price climbs to $150 a barrel. Tony Tyler, director genera...
The US Senate has voted 55-44 against reauthorizing Ex-Im Bank’s charter and increasing its lending cap. The bank's temporary charter expires on May 31 and requires congressional approval for the bank...
Aveos Fleet Performance is liquidating its Canadian aircraft maintenance business. The Quebec Superior Court gave permission yesterday for the maintenance company to cease all operations. Some 1,300 e...
The US Senate has voted 55-44 against reauthorizing Ex-Im Bank’s charter and increasing its lending cap. The bank's temporary charter expires on May 31 and requires congressional approval for the bank...
Southern Sky Air & Tours, of Myrtle Beach, S.C., parent company of Direct Air, has filed for Chapter 11 protection from creditors in Massachusetts. All Direct Air flights had already been cancelled la...
The administrators of failed Air Australia have recommended liquidation as "the only realistic option available" and warned that about 500 unsecured creditors will get no return. In the first detailed...
Asiana Airlines has raised $370 million from an asset backed securities (ABS) deal, the first Korean airline to issue US dollar-denominated ABS predominantly backed by yen-denominated air-ticket recei...
Holding company Český Aeroholding - which manages Czech Airlines (ČSA) and Prague Ruzyně Airport – has announced plans to issue 500 million Kč ($26.7 million/20.4 million euros) worth of five-year bon...
Following Air Canada’s decision to subcontract some of its maintenance work offshore, the International Association of Machinists and Aerospace Workers has expressed its fears for the future of Aveos ...
The Deucalion Aviation Funds, managed by DVB Bank SE, has entered into a lease agreement with Asiana Airlines for one Boeing 747-400 aircraft which is currently undergoing conversion from passenger to...
Air Lease Corporation (ALC) has priced and upsized to $1billion from $500m its offering of 5.625% senior notes due 2017. The Notes will mature on April 1, 2017 and will bear interest at a rate of 5.6...
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