Kenya Airways troubles continue in new year as the Nairobi Securities Exchange has suspended the trading in Kenya Airways shares for another year. The airline’s shares have been suspended since July 2...
Yibin Wuliangye Group has invested $729.7 million in Sichuan Airlines Group to help it recover from pandemic-induced losses and boost the airline operator’s capital. As per sources, other shareholders...
India has raised windfall tax on petroleum, crude oil and aviation turbine fuel (ATF), the raised tax on ATF will now be INR 4.5 per litre from INR 1.5, as per the Indian government order dated Januar...
Buckling under financial burden and uncertainty over continuing of operations, Air Belgium has managed to raise an additional funding of $10 million to keep running. As per sources, these are new loan...
KfW IPEX-Bank has announced that the bank will be repositioned with an increased focus on sustainability aspects to support customers in their transformation, while the bank will group seven sector de...
Emirates recently purchased an Airbus A380 from the lessor Doric Nimrod Air One that had previously leased the aircraft to the airline. As per the lessors’ financial accounts, the aircraft was sold fo...
Dubai Aerospace Enterprise (DAE) signed a new senior unsecured term financing for a total of $800 million with a weighted average maturity of 5.5 years over two transactions. Each facility was underwr...
AAR entered into a $620 million unsecured revolving credit facility. The credit facility is a $20 million increase from the prior facility and extends the maturity of the agreement from September 2024...
Kenya Airways will receive a bailout of $283.7 million from the government in the current financial year to support its proposed restructuring plan and to wean them off annual government funding. In a...
Eve Air Mobility has received two distinct credit lines totaling $92.5 million from Brazil’s National Development Bank (BNDES). Both credit lines are expected to offer beneficial terms and conditions ...
Indian aviation industry has suffered a loss of INR 116.58bn in FY 2021-22 as per the Indian Ministry of Civil Aviation records. The losses to the industry were primarily because of the Covid-induced ...
On December 20 Air Canada publicised the final results of its November 14 cash tender offer. The offer, which expired on December 19, was to purchase for cancellation up to US$300 million aggregate pr...
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