The EU Commission has approved a €460 million ‘Stablisation Package’ for Lufthansa Group carrier Brussels Airlines. The Belgian government and Lufthansa have reached agreement on a bailout package of...
Qantas has announced that it will cut 4,000 workers (6,000 planned) in order to try and survive the COVID-19 crisis after it posted an annual loss of A$2bn ($1.43bn). Alan Joyce confirmed what we all ...
The Singapore Government will step-up its efforts to support pump the aerospace, aviation and tourism sector deal with COVID 19 pandemic, Deputy Prime Minister Heng Swee Keat said in a ministerial sta...
Colombian carrier Avianca has become the latest Latin American airline, after LATAM and Aeromexico, to opt for DIP financing as it navigates in Chapter 11 bankruptcy proceedings in US Federal Court af...
Bombardier announced today that it has successfully closed the previously announced three-year $1 billion senior secured term loan facility with HPS Investment Partners, acting as administrative agent...
Serbian media outlet N1 has reported that Etihad, a 49% shareholder in the national carrier, had refused a request to write-off 82% of Air Serbia’s $120 debt to the Emirati group. In July, Air Serbia...
Lunar 1 has fallen back to earth as Fitch Ratings downgrades the class A, B, and C notes issued by Lunar Aircraft 2020-1 Limited (Lunar) and assigned all of them a negative rating outlook. The rating ...
Aeroméxico has filed a $1billion debtor-in-possession (DIP) financing motion for funds from Apollo Global Management, as part of moves to strengthen the carrier’s liquidity as it navigates Chapter 11 ...
EasyJet said on Friday that it had raised an additional $266m from the sale and leaseback of five of its aircraft. The deal with BOCCOMM Leasing will see EasyJet lease five Airbus A321neo aircraft unt...
Despite rent collection levels trailing its peers, Irish lessor FLY’s bonds are trading at a wider premium than their underlying credit strength implies, according to an analyst note by JP Morgan. FLY...
Chorus Aviation posts Q2 income $29.2 million with lease revenue up 38% accross the period, according the company’s results release. “The global aviation industry continues to be significantly challen...
FLY is reporting net income of $9.6 million for Q2, according to a result report releases today. This compares to net income of $54.1 million for the same period in 2019. “Our second quarter results r...
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