Nordic carrier SAS has recorded a loss of over SEK2 billion ($235 million), in Q3 as the firm continues to battle the impact of COVID 19. SAS, which is in talks to secure support from its main owners...
The Serbian Minister for Finance, Sinisa Mali, has said the government will help Air Serbia repay two loans, of $52.9 million and $63 million dollars, to an SPV backed by Etihad, reported local news s...
Virgin Atlantic is awaiting the outcome of a key vote from its creditors on a £1.2 billion restructuring plan. The firm is "fundamentally sound" but a restructuring and fresh cash injection is critica...
Qantas has posted a full-year net loss of AUD$1.9 billion for the financial year ended June 30, with the main driver of this loss impairment charges and restructuring costs intended to shore up the co...
Swissport has received a binding commitment from an ad hoc group of senior secured creditors for the provision of an interim super senior facility of €300 million, which the firm says delivers immedia...
The EU Commission has approved a €460 million ‘Stablisation Package’ for Lufthansa Group carrier Brussels Airlines. The Belgian government and Lufthansa have reached agreement on a bailout package of...
Qantas has announced that it will cut 4,000 workers (6,000 planned) in order to try and survive the COVID-19 crisis after it posted an annual loss of A$2bn ($1.43bn). Alan Joyce confirmed what we all ...
The Singapore Government will step-up its efforts to support pump the aerospace, aviation and tourism sector deal with COVID 19 pandemic, Deputy Prime Minister Heng Swee Keat said in a ministerial sta...
Colombian carrier Avianca has become the latest Latin American airline, after LATAM and Aeromexico, to opt for DIP financing as it navigates in Chapter 11 bankruptcy proceedings in US Federal Court af...
Bombardier announced today that it has successfully closed the previously announced three-year $1 billion senior secured term loan facility with HPS Investment Partners, acting as administrative agent...
Serbian media outlet N1 has reported that Etihad, a 49% shareholder in the national carrier, had refused a request to write-off 82% of Air Serbia’s $120 debt to the Emirati group. In July, Air Serbia...
Lunar 1 has fallen back to earth as Fitch Ratings downgrades the class A, B, and C notes issued by Lunar Aircraft 2020-1 Limited (Lunar) and assigned all of them a negative rating outlook. The rating ...
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