Bombardier confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries for a $550 million. The deal is subject to post-closing adjus...
The proposal for a $1.2 billion state bailout of South African Airways which was leaked over the weekend is a starting point for discussion and to assume it is the final version is “very irresponsible...
The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organization’s (ICAO’s) global guidelines for restoring air connectivity. Tod...
Regional jet and turboprop aircraft values will remain resilient in general but there may be variations in value and lease performance based on secondary market supply for specific models, say aircra...
ANA Holdings has announced it has agreed a 350 billion JPY ($3.3 billion) in new debt financing from Development Bank of Japan. The tenor of the loan will be negotiated with the Development Bank of J...
Fitch Ratings HAS downgraded the rating of the class C notes issued by both Castlelake Aircraft Structured Trust 2018-1 (CLAS 2018-1) and Castlelake Aircraft Structured Trust 2019-1 (CLAS 2019-1) asse...
AEGEAN Airlines is planning to access the Greek government’s COVID-19 Enterprise Guarantee Fund by submitting loan requests to four local banks totalling €150 million. AEGEAN will approach Alpha Bank,...
Global aircraft lessors' Q1 financial results confirm issuers' efforts to maintain sufficient liquidity to navigate COVID 19 have been successful says ratings agency Fitch. The pandemic has caused sig...
Air Canada is looking to raise about $1.4 billion in additional liquidity as the carrier released pricing details of its previously announced share and convertible note offering. The Canadian carrier ...
American will make 30% of its workforce redundant as it resizes its operation in response to the impact of COVID 19 the carrier said in a letter to employees. “Although our pre-pandemic liquidity, the...
In a bad day for UK PLC Rolls-Royce saw its ratings cut to junk by Standard & Poor's while British Airways was downgraded to one step above investment grade by Moody’s, with both agencies pointing to ...
Fiji Airways has secured sovereign guarantees worth $ 200 million to support urgent financing actions required to tide the company through the COVID-19 crisis, and the expected slow ramp up of travel ...
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