S&P Global rates the LCC model
The low cost business model is best placed to whether the COVID 19 pandemic’s impact on airlines’ balance sheets, according to S&P Global Ratings, whose latest analyst report leaves just three carrier...
The low cost business model is best placed to whether the COVID 19 pandemic’s impact on airlines’ balance sheets, according to S&P Global Ratings, whose latest analyst report leaves just three carrier...
TUI post a loss of €2 billion in the nine months to June 2020 and has agreed with KfW to extend an existing credit line by €1.05 billion. This is subject to TUI issuing a €150 million convertible bond...
The continuing impact of COVID 19 on passenger demand and consequent requests for rent deferrals is starting to reach conflict with the chief executive of Fiji Airlines likening agreements on unused a...
The Qantas Group has completed its non-underwritten Share Purchase Plan, raising approximately AUD 71.7 million ($51.1 million) This follows Qantas’ AUD1,360 million underwritten placement to instit...
Shareholders of Brazilian carrier Azul have approved in the agreement to leave TAP, including the elimination of rights to convert bonds into shares. The elimination of the rights to convert the bonds...
UAE-based LCC Air Arabia (PJSC) has made a H1 loss of AED 169 million ($46 million) due to the ongoing impact of COVID 19. The company’s turnover for the first six months of 2020 registered AED 1.021 ...
Florida-based cargo provider Western Global Airlines is set to enter the junk bond market for the first with issuance of $410 million of senior unsecured notes due in 2025. Western Global intends to u...
The board of directors of InterGlobe Aviation, which operates Indian carrier, IndiGo, has approved raising up to 4,000 crore rupees ($540 million) through a qualified institutions placement, the com...
Scandinavian airline, SAS, has reached an agreement in principle with investors to convert its existing debt into new debt or shares. Under the agreement, holders of existing SEK1.5bn ($172 million) ...
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) proposes two civil penalties totalling $1.25 million against Boeing for alleged violations in the program that allows the ...
Air Transport Services Group (ATSG), which provides medium wide-body aircraft leasing, contracted air transportation and related services, has second quarter customer revenue up by 13% to $377.8 milli...
Willis Lease Finance Corporation (WLFC) has reported second quarter total revenues of $75.0 million and pre-tax profit of $9.7 million. The company reported lower revenue in the second quarter of 2020...
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