Virgin Orbit files for Chapter 11
Less than a week after saying it would lay off almost all its staff, Virgin Orbit filed for bankruptcy under the relatively lenient Chapter 11 provisions offered in the US. The April 4 announcement fo...
Less than a week after saying it would lay off almost all its staff, Virgin Orbit filed for bankruptcy under the relatively lenient Chapter 11 provisions offered in the US. The April 4 announcement fo...
Aviation.One, a new fund, is looking for investors and is promising "unique opportunities" around Falcon Field Airport in Arizona. Aviation.One said it aims to "establish itself as a leader in aviatio...
Wellington Airport has converted $100 million of existing bank facilities into sustainability linked loans, creating direct financial incentives by aligning lower interest rates with meeting agreed su...
Aviation Capital Group (ACG) on April 4 announced the closing of its sale of $600 million 6.25% senior unsecured notes due 2028. The notes are "recourse only to ACG" and are not guaranteed by ACG’s pa...
Jackson Square Aviation (JSA) has raised $2bn to fund new aircraft purchases.The Japan Bank for International Cooperation (JBIC) provided a $1.2bn loan, with MUFG’s portion bringing the total co-finan...
Bank of America, Boom Supersonic, Boston Consulting Group, JPMorgan Chase & Co., Meta and clean energy non-profit RMI are teaming up under the Sustainable Aviation Buyers Alliance (SABA) to purchase s...
Europe's air passengers will face higher fares as airlines deal with "significant related costs" from replacing fossil fuels with sustainable aviation fuels (SAF), according to Standard & Poor’s Globa...
Investment company Cerberus Capital Management has announced that an affiliate has completed the previously announced sale of cargo logistics business Worldwide Flight Services (WFS) to SATS for "an ...
SpiceJet has finally hived off its cargo arm-SpiceXpress, making it a separate entity. With this transaction, SpiceJet has gained around $310 million and considerably reduced its negative net worth. “...
Avia Solutions Group (ASG) has reported a near-doubling of revenue to €1.9bn (US$ 2.06bn) in 2022, leaving it with a profit of €12 million after earnings of €285 million. Over 80% of revenue was gener...
Virgin Orbit is cutting "approximately 675 employees" or 85% of its workforce, it said in a Securities and Exchange Commission (SEC) filing on March 30. The cut is "to reduce expenses in light of the...
ASL Aviation Holdings has acquired Pionair, Australia’s independent provider of charter and ACMI services. Post-acquisition, the airline will continue to operate as Australian airline and will be re-b...
We're Social