ANA Holdings, the parent of Japanese airline All Nippon Airways is looking into a roughly 100 billion yen ($920 million) syndicated loan from seven lenders as the carrier fortifies its balance sheet t...
Air New Zealand will have a $3 billion hit to revenues as a result of the Covid 19 crisis and will exit the pandemic as a much smaller operation, said chief executive Greg Foran in an email to staff. ...
In a statement to the Australian Stock Exchange (ASX) Virgin Australia acknowledged media reports that it was requesting financial support from the Australian Government in the order of $1.4bn as part...
Acro Aircraft Seating is pleased to announce the appointment of Neil Cairns as the company’s chief executive effective from March 9, 2020. Neil Cairns was most recently vice president and general mana...
Colibri Aero, an international supplier of aircraft parts and interior solutions, together with J&C Aero, an international aircraft design and production organization, have developed universal Cargo S...
Scope Ratings says the longer-term challenge for surviving airlines is that they will be operating in a much changed and less favourable economic environment than before the crisis: a smaller travel a...
The International Air Transport Association (IATA) published new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while...
The UK Airport Operators Association (AOA) called for the UK government to do more to support the country’s aviation industry, saying it was after it was falling behind other major economies in suppo...
Despite IATA warning that airlines globally are facing losses of $314 billion in 2020, a 55% decline compared to 2020, the US government’s $58 billion CARES package, is by-far largest aid deal so far...
Watson Farley & Williams (WFW) has advised a South Korean financial institution, as arranger for several Korean debt and equity financiers, on the restructuring of an existing debt and equity financin...
The Australian government has announced a $198 million relief package for regional aviation services which includes subsidies to airline services, as well as an additional A$100 million to provide dir...
Major American airlines have asked the US Treasury to move quickly to release up to US$58 billion in government grants and loans and recommended a formula to divide up the money, according to Reuters....
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