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...
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...
International Airlines Group (IAG) has announced a rights issue of up to €2.75bn billion to boost its liquidity and reduce leverage. Goldman Sachs, Morgan Stanley and Deutsche Bank are acting as unde...
It has now been confirmed publicly that MUFG Bank’s acquisition of DVB’s Aircraft Asset Management (AAM) and DVB Aviation Investment Management (AIM) businesses has not been completed due to “regulato...
Rolls-Royce’s new five-year term-loan facility, underwritten by a syndicate of banks and guaranteed 80% by the UK Export Finance, marks the start of increased ECA activity in the UK aviation sector, a...
The Council of ICAO today agreed to use 2019 emissions instead of 2020 figures as baseline for the CORSIA implementation during its pilot phase from 2021 to 2023, to avoid “inappropriate economic burd...
Spanish flag carrier Iberia has rescheduled orders of 11 A320neos and 13 A350s as well as announcing the accelerated retirement of its entire A340-600 fleet. Iberia hasn’t announced details of the new...
IAG plans announced early in May to reduce the size of its fleet over the next two years is “drastic” in comparison with other major carriers, according to an equity analyst note by Jefferies. Jefferi...
Turning into the third quarter of 2020 and with the coronavirus lockdown restrictions, airlines and lessors are seeking to raise fresh funds. Southwest Airlines is in the market with an $1.8 offering ...
SMBC Aviation Capital’s successful negotiation to delay the delivery of 68 Boeing MAXs until 2025-2027 is the right outcome for both the lessor and the US airframe maker, said chief executive Peter Ba...
Following weeks of negotiation the German government is taking a 20% equity stake in Lufthansa as part of a €9 billion bailout of the carrier by the country’s Economic Stabilization Fund (WSF). The WS...
BA is splashed across the front pages today with the announcement yesterday that it plans to shed 12,000 jobs (see European, Airline News below). The unions are claiming that BA has “jumped the gun” a...
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