Sun Country Airlines has announced the pricing of a previously-announced secondary public offering of 5,250,000 shares of its common stock. The arrangement involves an affiliate of certain investment ...
Shobha Gangwal, wife of IndiGo co-founder Rakesh Gangwal, divested a 4% stake in parent firm InterGlobe Aviation for INR 29.44bn through open market transactions Gangwal had resigned from the board of...
SriLankan Airlines has grounded three of its aircraft due to the lack of funds for engine repairs. The aircraft have been grounded for several months, Sri Lanka’s civil aviation minister Nimal Siripal...
Amsterdam's Schiphol Airport had a bad 2022 according to parent company Royal Schiphol Group. Publishing what it said were "poor financial results for 2022", the group said its "underlying financial r...
Cargo drone airline Dronamics has raised $40 million from venture capital funds and angel investors in 12 countries. Dronamics, which is the first such business to get a European operating licence, sa...
Copa Holdings, the parent company of Americas-based carrier Copa, has reported a net profit of $88.3 million for the fourth quarter of 2022 (Q4 2022). The profit, which equated to $2.23 per share, wou...
Finnair has invited holders of its outstanding €400 million 4.25% notes due 19 May 2025 to tender the notes for cash. The offer is to be for up to €100 million aggregate nominal of the notes, with the...
The Kenya National Treasury is planning to reduce state funding to Kenya Airways by $79.8 million. Until now the airline received funding of $239.5 million, but according to the supplementary budget f...
Finnair reported revenue increases of 66.2% for the final three months of 2022 and 181% for the full year, despite "exceptionally high" fuel costs. The carrier said its "comparable operating result wa...
Fly Gangwon, the low-cost carrier of South Korea, has been listed for sale after selecting Samjeong KPMG and KR&Partners as co-organisers in fund raising and the change of management rights. The airli...
TUI Group's markets and airlines operations saw an improvement from a loss of €259 million in the first quarter of 2022 (Q1 2022) to a loss of €193 million in Q1 2023 as it reported overall revenue in...
Air Arabia Group reported its highest-ever profit, ending 2022 with a net profit of AED 1.222 billion outperforming the 2019 profit figure of AED 1.008 bn. The airline reported a rise of AED 720 milli...
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