The Indian Government has reduced the annual budget for aviation sector by more than half to almost $380 million, mainly due to reduced liabilities of Air India following its privatization, but the fu...
Global Crossing Airlines Group (GlobalX) has secured a new loan of up to US$5.0 million with a key long-term investor to provide working capital and additional liquidity to support GlobalX’s rapidly-g...
Aircastle has increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America to $200 million from $100 million and extended its maturity to January 2025. The facili...
Chorus Aviation has entered into a second amendment and restatement of its existing committed operating credit facility with The Bank of Nova Scotia (Scotiabank) as lender, sole lead arranger, bookrun...
Icelandair has entered an insurance backed financing agreement with Itasca Re and NORD/LB for two Boeing 737 MAX 8 aircraft. The aircraft are currently fully owned by Icelandair and were purchased usi...
The three big airlines in China have predicted losses of over $14.8 bn for 2022 due to pandemic, high fuel prices and depreciation of the yuan against the US dollar. Air China predicted that the loss ...
REX has predicted profitability for its domestic Boeing 737 jet operations, reporting a Profit Before Tax (PBT) of $4.0 million improving from the $1.9 million in October 2022 and $2.8 million in Nove...
Norwegian carrier Flyr could be the next small carrier to run into trouble after the recent collapse of Flybe. It has announced it has not raised enough capital to proceed with a wet lease deal agreed...
The Cabinet of Thailand recently approved a budget of $276 million for the next four years to replace the existing A340-500 used to transport members of the royal family and dignitaries of Thai govern...
Go First is expecting an infusion of INR 2100 million under the Indian Government’s credit line guarantee scheme next month as the airline is planning to expand its operation and boost its financial p...
Embraer has made an "initial investment" of around US $4 million in MSW MultiCorp 2, a "multi-corporate venture fund". The cash infusion is "to attract and boost innovative Brazilian startups that syn...
Air Astana is planning to undertake an initial public offering (IPO) next year according to Akorda press service, the President’s official media page. The airline CEO, Peter Foster revealed in a compa...
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