Ratings agency S&P Global cut its long-term issue rating on SriLankan Airlines' foreign currency-denominated bond, after the airlines was unable to meet an interest payment and defaulted on a paper. S...
Ireland-based aviation loan servicer AV AirFinance has named Edel Brennan as senior vice president-loan origination. With over 15 years of experience in the industry, including with Goshawk Aviation a...
Embraer has announced it does not expect "material financial impacts" from a recent Brazil Supreme Court ruling on tax payments. The airframe manufacturer made the statement following a Brazilian news...
Jazeera Airways has halved its bank financing from $2bn to $1bn to finance the purchase of new Airbus aircraft. Initially the airline was planning to seek funding for 70% of the deal, but now the airl...
Vietravel Airlines is planning to increase its charter capital by six times its current size to $323 million by 2025 to enable it to acquire new aircraft, Nguyễn Quốc Kỳ Chairman of Vietravel Holdings...
American Airlines has priced a private offering of $750 million senior secured notes due 2028 at 7.25%. The notes are being offered at par. The notes will be secured with slots, gates and routes colla...
SriLankan Airlines has defaulted on a $175 million bond as it was unable to meet a $6 million interest payment due in December 2022. The airline’s default on the 7% bond occurred as a result of a non-...
Frontier Airlines' parent company Frontier Group Holdings reported operating revenues of $906 million for the fourth quarter of 2022 (Q4 2022), up 38% on 2019. The carrier in turn netted a pre-tax qua...
Law firm Watson Farley & Williams is advising RMI and banks on developing a finance framework to support decarbonisation in aviation. The lenders include Bank of America, BNP Paribas, Citibank, Crédit...
Fabrum recently announced a $23 million Series A financing led by AP Ventures with participation from Australia-based Fortescue Future Industries, Japan-based Obayashi Corporation and New Zealand-base...
Air India is planning to secure another short-term loan of $2.1 bn from Bank of India (SBI) and Bank of Baroda (BoB) to refinance its current debt as a part of airline’s short-term strategy to refinan...
Vietnam Airlines is looking for a consultancy to help it sell a stake in Skypec. The consultancies could make their offers until February 8, 2023, the airline said in a statement. This move by the air...
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