South Africa’s National Treasury Department has officially declared that South African Airways (SAA) is no longer technically insolvent. The chief director of asset and liability management at the Tr...
Ibom Air has acquired $30.5 million from the government for fleet and network expansion. The airline has confirmed that it is not a new investment but a part of the funds used for the pre-delivery pay...
Tongcheng Travel Holdings, Parent company of China’s Hunan Airlines has acquired 100% stake in online travel agency Beijing Tongcheng Tourism Investment Group for $102 million, the company declared in...
SpiceJet is planning to raise more funds and convert certain outstanding liabilities into equity shares. The airline board members will meet on Friday and consider further options to raise capital, ai...
Airbus shareholder TCI, a hedge fund, has demanded the French aerospace company drop plans to buy a near-30% stake in Evidian, a division of French consulting firm Atos. In a public letter by TCI chie...
UK-based airport technology provider AeroCloud has raised $12.6 million in Series A funding led by US fund Stage 2 Capital, with 12BF Global Ventures, Triple Point Ventures and Praetura Ventures also ...
United Airlines has launched the United Airlines Ventures Sustainable Flight Fund SM with more than $100 million in investments from United and Air Canada, Boeing, GE Aerospace, JPMorgan Chase, and Ho...
Sun Country Airlines has announced the pricing of a previously-announced secondary public offering of 5,250,000 shares of its common stock. The arrangement involves an affiliate of certain investment ...
Shobha Gangwal, wife of IndiGo co-founder Rakesh Gangwal, divested a 4% stake in parent firm InterGlobe Aviation for INR 29.44bn through open market transactions Gangwal had resigned from the board of...
SriLankan Airlines has grounded three of its aircraft due to the lack of funds for engine repairs. The aircraft have been grounded for several months, Sri Lanka’s civil aviation minister Nimal Siripal...
Amsterdam's Schiphol Airport had a bad 2022 according to parent company Royal Schiphol Group. Publishing what it said were "poor financial results for 2022", the group said its "underlying financial r...
Cargo drone airline Dronamics has raised $40 million from venture capital funds and angel investors in 12 countries. Dronamics, which is the first such business to get a European operating licence, sa...
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