Avianca access to DIP financing approved
Avianca has received approval from the US Bankruptcy Court for the Southern District of New York to access its debtor-in-possession (DIP) financing totalling just over US$2bn. Adrian Neuhauser, Chief ...
Avianca has received approval from the US Bankruptcy Court for the Southern District of New York to access its debtor-in-possession (DIP) financing totalling just over US$2bn. Adrian Neuhauser, Chief ...
Volaris, the ultra-low-cost airline serving Mexico, the United States and Central America, has determined that as of June 30, 2020 certain of its non-derivative financial instruments designated as hed...
Spirit AeroSystems has closed the private offering of $500 million 5.500% senior secured first lien notes due 2025. Concurrent with the closing of the offering, Spirit closed on its previously announc...
In an SEC filing on October 1, Alaska Airlines stated that its management had authorised a plan to retire 10 owned Airbus A320 aircraft “earlier than previously scheduled". Having concluded that the c...
Pangolin Investment Management has recruited transport analyst Mohshin Aziz to spearhead the launch of its second fund - The Pangolin Aviation Recovery Fund. Aziz, who spent the past decade as transpo...
Fitch Ratings has downgraded Hawaiian Airlines and its parent company, Hawaiian Holdings to 'B-' from 'B+'. The rating downgrade is driven by the severe impact that the coronavirus pandemic has had on...
Affinity Capital Exchange (ACE), a fintech innovator in the loyalty finance space pioneering a new class of loyalty points, has entered into an agreement with JPMorgan, who will together to provide is...
Maples and Calder, the Maples Group's law firm, advised Delta Air Lines and its indirect, wholly-owned subsidiary, SkyMiles IP, on the Cayman Islands legal aspects of both its recent US$3 billion term...
Norwegian has reached an agreement to convert approximately $1.9 million of lease debt into perpetual bonds. These may be converted into approximately 4.7 million ordinary shares in the company at a c...
Allegiant Travel Company has agreed to sell $150 million 8.5% senior secured notes due 2024 at par to investors in a private offering. The notes are expected to be issued on October 7, 2020. Each of ...
Fitch Ratings has downgraded American Airlines to 'B-' from 'B'. The rating agency says that the downgrade is driven by a slower than expected rebound in air travel related to the coronavirus pandemic...
SkyWest has entered into a $573 million five-year loan and guarantee agreement with the US Treasury Department under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On September 29...
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