A US Securities and Exchange Commission (SEC) filing shows investment company Blackrock holding 38.05 million Delta Air Lines shares, or 5.9% of the company. The updated filing showed Blackrock down f...
The India's aviation industry suffered a loss of over INR 240bn in the last two financial years during 2020-22, according to the Ministry of Civil Aviation data (MoCA). The ministry has also taken var...
New Vista Acquisition Corporation has "entered into a non-binding letter of intent" for a proposed business combination with Verijet Holding Company, which provides private aviation services as "the l...
Japan Airlines reported a turnaround profit for the nine-months to December 31, 2022. The airlines reported that the increase in revenue was driven by an increased passenger demand. For the nine-month...
The Indian Government has reduced the annual budget for aviation sector by more than half to almost $380 million, mainly due to reduced liabilities of Air India following its privatization, but the fu...
Global Crossing Airlines Group (GlobalX) has secured a new loan of up to US$5.0 million with a key long-term investor to provide working capital and additional liquidity to support GlobalX’s rapidly-g...
Aircastle has increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America to $200 million from $100 million and extended its maturity to January 2025. The facili...
Chorus Aviation has entered into a second amendment and restatement of its existing committed operating credit facility with The Bank of Nova Scotia (Scotiabank) as lender, sole lead arranger, bookrun...
Icelandair has entered an insurance backed financing agreement with Itasca Re and NORD/LB for two Boeing 737 MAX 8 aircraft. The aircraft are currently fully owned by Icelandair and were purchased usi...
The three big airlines in China have predicted losses of over $14.8 bn for 2022 due to pandemic, high fuel prices and depreciation of the yuan against the US dollar. Air China predicted that the loss ...
REX has predicted profitability for its domestic Boeing 737 jet operations, reporting a Profit Before Tax (PBT) of $4.0 million improving from the $1.9 million in October 2022 and $2.8 million in Nove...
Norwegian carrier Flyr could be the next small carrier to run into trouble after the recent collapse of Flybe. It has announced it has not raised enough capital to proceed with a wet lease deal agreed...
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