Fitch Ratings has downgraded Spirit Airlines' 2017-1 class B certificates to B+ from BB. The downgrade is driven by Fitch's recent downgrade of Spirit's Issuer Default Rating (IDR) to CCC from B-. Fit...
Avia Solutions has issued US$300 million senior unsecured bonds due 2029 with a 9.75% coupon. The bonds, which are issued by Avia’s subsidiary ASG Finance Designated Activity Company, were issued with...
Grupo Aeroméxico has filed paperwork with the US Securities & Exchange Commission (SEC) for a planned initial public offering on the New York Stock Exchange (NYSE). The Mexican airline, which emerg...
A HSBC analyst has assigned three major US airlines a ‘buy’ rating in recent coverage, as well as assigning another major airline a ‘hold’ rating. HSBC Analyst Achal Kumar and his team highlighted ...
AV AirFinance has arranged a $240 million loan facility with German Operating Aircraft Leasing (GOAL), which will be secured by four A320neo and two A321neo aircraft. AV AirFinance is acting as servic...
SIA Engineering's full financial year net profit was up 46.2% year-on-year (YoY) to $97.1 million, with revenues climbing 37.5% to $1.09bn. The growing demand for maintenance, repair and overhaul (MRO...
Wheels Up revenues have tumbled 44% year-on-year (YoY) down to $197 million. Nearly half of the $155 million decrease in revenue was driven by the company exiting its aircraft management and aircraft ...
Willis Lease Finance Corporation (Willis Lease) has reported record first quarter total revenues of $119.1 million and a record quarterly pre-tax income of $29.9 million. For the three months ended...
Avolon has priced a $1bn fixed five-year senior unsecured bond offering priced at US Treasuries at +143 basis points with a coupon of 5.750%. Initial pricing talk (IPT) was set at +170 basis points, w...
Brookfield Asset Management (Brookfield) has acquired a 51% stake in Castlelake’s fee-related earnings. Castlelake is an asset manager specialising in asset-based private credit including aviation and...
Latvian national airline airBaltic has successfully priced a €340 million 14.50% 5.25-year (five years and three months) senior secured bonds. The airline reports that the transaction was “well ...
High Ridge Aviation has upsized its warehouse credit facility and successfully completed primary syndication with three additional lenders joining three existing lenders. The seven-year debt facili...
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