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...
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...
We're Social