WOW air founder and former CEO, Skúli Mogensen, is reported to be seeking up to $40 million to finance a new company, NewCo, which would purchase WOW air’s remaining assets, including the WOW brand, ...
In March, Finnair carried 1,144,900 passengers, 4.6% more than in the corresponding period of 2018. The overall capacity measured in Available Seat Kilometres (ASK) increased in March by 11.0%. Finnai...
Missed fuel payments have grounded what remains of Jet Airways fleet over the weekend and the consortium of banks that now own the airline has launched a desperate attempt to find a new owner. The air...
The preliminary report from Ethiopia’s Accident Investigation Bureau into the cause of the fatal crash of Ethiopian Airlines Flight ET 302 has been released, which reveals that the pilots followed “th...
UK regional airline Flybe has cancelled a number of flights today, stranding some passengers and placing others on coaches. In a video message, Flybe CEO, Christine Ourmières-Widener apologised for th...
GE Capital Aviation Services (GECAS) has launched a sequel to STARR 2018-1, its revolutionary asset backed securitisation (ABS) with a tradeable equity portion. STARR II 2019-1 issues $474 million of ...
Unable to secure much needed funds, WOW Air has confirmed that it has ceased all operations and all flights have been cancelled. In an alert, WOW Air said that some airlines may offer some reduced rat...
The highly-anticipated acquisition of Hong Kong Express Airways by Cathay Pacific was confirmed today for a total purchase price of $4.93bn Hong Kong dollars ($628million) to be made in cash and promi...
Matthew Vincent penned an interested article in this morning’s Financial Times on the attraction of alternative investments in a more volatile trading environment for equities and bonds. Aircraft leas...
Yesterday, WOW Air announced that it was in advanced discussions with a majority of its bond holders and other creditors to reach an agreement on a voluntary restructuring that would include convertin...
Yesterday, Lufthansa Group announced the purchase of 40 Boeing 787-9 and Airbus A350-900 long-haul aircraft – to be delivered between 2022 and 2027 – that will replace its A340 fleet. Today, the airli...
Boeing has now grounded the 737 Max aircraft, bowing to presidential and regulatory pressure. The notice from the US Federal Aviation Administration (FAA) is enlightening since it has confirmed the si...
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