Moodys has downgraded Turkish Airlines’ (also known as Turk Hava Yollari Anonim Ortakligi or THY) corporate family rating to Ba3 from Ba2 and its probability of default rating (PDR) to Ba3-PD from Ba2...
The Mongolian economy is in crisis. The country’s economy has been reliant far too readily on the fortunes of natural resources being exported into China & Russia for some time. This makes the fortune...
R.N. Choubey, Indian Civil Aviation Secretary, has confirmed that the government is in the process of amending the legal framework to enable lessors to take back aircraft quickly from defaulting airli...
The former employees of Turkish Airlines (THY) whose contracts were unceremoniously terminated by a text message on July 22 (https://www.aviationnews-online.com/editorial-comment/turkish-airlines-sack...
On November 30, 2016, Bertrand Grabowski will step down from the Board of Managing Directors and leave DVB after reaching the age of 60. On 1 December 2016, David Goring-Thomas, presently DVB's Indust...
Goshawk Aviation has completed its first issuance of unsecured notes to institutional investors in the US market. The deal was launched as a US$200 million senior notes issuance. Market demand was clo...
In India this week, both Air Costa and Air Pegasus have suspended flights because of cash-flow problems. Air Costa suspended flights for 24 hours yesterday while it negotiated with Embraer and lessors...
Emirates aircraft, EK521, flying from Thiruvananthapuram, India, to Dubai made an emergency landing at Dubai International Airport today. There were 282 passengers and 18 crew on board the aircraft – ...
Like British Airways and other European airlines, strong financials are being eroded by terrorist action and economic instability. Routes to Europe from South America and Asia showed a particularly we...
Air India Express: can it work? Only if the lessors say so! ...
Castlelake is in the market with its third aircraft asset backed securitisation (ABS). The $916 million Castlelake Aircraft Securitization Trust 2016-1 (CLAS 2016-1) is a three-tranched ABS secured on...
Boeing has posted its first quarterly loss in nearly seven years. The US$234 million loss posted yesterday for Q2 2016 came on the back of write-downs totaling US$3 billion including a US$1.2 billion ...
We're Social