South Korea’s SK Telecom (SKT) has made an equity investment of $100 million in Joby Aviation as a part of extended partnership between the two companies. The agreement paves way for Joby to participa...
Cash-strapped Pakistan International Airlines (PIA) has received another lease of life with a supplementary grant of $14 million from the Pakistan government. With this grant the airline aims to pay o...
Indigo became India's first aviation company to cross INR 1 trillion market capital after its shares hit a record high with 29% gains so far this year. Indigo ranks 10th in terms of market value among...
Azul has confirmed that a group accounting for roughly 86% of holders of bonds expiring in 2024 and 2026 have agreed to the exchange offer proposed by the company to delay its maturities to 2029 and 2...
Copa Airlines hosted an Investor Day at the New York Stock Exchange on June 22 where the company outlined its prospects for growth and margin expansion. Copa’s management team detailed the company’s g...
Delta Air Lines has raised its full-year forecast and expects to report 2023 adjusted profit in the range of about $5 per share to $6 per share citing strong demand and more expensive fare classes tha...
easyJet has signed a new undrawn $1.75bn five-year sustainability-linked term loan, which has been underwritten by a syndicate of banks and supported by a partial guarantee from UK Export Finance unde...
In a relief for Go First, the airline’s lenders have granted approval for an interim funding of approximately INR 4000 million, as per sources. This is a huge step in the airline’s efforts to revive c...
Go First, has sought additional funds at a lenders meeting, reports Reuters citing bank sources. The airline is seeking funds worth $122 million, with lenders expected to evaluate proposals in the nex...
Air Canada has prepaid loans of approximately $650 million from Export Development Corporation (EDC) used by the company to help fund its acquisition of 19 Airbus A220-300 aircraft. The prepayment, wh...
The Export-Import Bank of the United States (EXIM) Board of Directors have voted unanimously in favour of renewing a 90% guarantee of a $500 million facility for Citi under EXIM’s Supply Chain Finance...
MTU Aero Engines has raised its earnings forecast for the current financial year with adjusted EBIT expected to exceed € 800 million. This forecast is in light of expectations regarding future busines...
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