Fitch downgrades LATAM twice in a week
Fitch Ratings has downgraded LATAM Airlines Issuer Default Rating (IDR) to D following news that it was entering in Chapter 11 bankruptcy protection just days after the agency knocked the carrier down...
Fitch Ratings has downgraded LATAM Airlines Issuer Default Rating (IDR) to D following news that it was entering in Chapter 11 bankruptcy protection just days after the agency knocked the carrier down...
As the aviation industry continues to reel from the impact of COVID 19 and carriers look to preserve liquidity up to one third of airlines are looking to defer rents – a figures that should ease as pa...
LATAM Airlines Group announced that it will voluntarily file to reorganise under Chapter 11 protection in the United States in a release to the Chilean stock market. The Chapter 11 move involves subsi...
According to analysis by the International Air Transport Association (IATA) the impact of COVID 19 on the aviation sector could see total debt balloon to $550 billion by the end of 2020 – a $120 billi...
Following weeks of negotiation the German government is taking a 20% equity stake in Lufthansa as part of a €9 billion bailout of the carrier by the country’s Economic Stabilization Fund (WSF). The WS...
Ted O’Byrne, Managing Director, Co-Head of Aviation, Carlyle Aviation Partners In January 2020, Airline Economics in partnership with KPMG, published its annual Aviation Industry Global Leaders Report...
Norwegian has completed a restructuring that will see AerCap (15.9%) and BOC Aviation (12.7%) take major shares in the company after converting their lease obligations into equity. In addition to comp...
British pilots union BALPA has slammed Ryanair’s decision to go ahead with planned pilot redundancies in the UK as “hypocrisy” given the firm’s decision to tap the country’s COVID 19 aid facility for ...
Rolls-Royce said it will cut at least 9,000 jobs and slash costs elsewhere due to the impact of COVID 19 on the aviation sector. “This is not a crisis of our making. But it is the crisis that we face ...
Fitch Ratings has downgraded the outlook on a number of notes issued by Sapphire Aviation Finance from rating watch negative to rating outlook negative. In addition to changing the rating on the serie...
Virgin Australia’s administrator Deloitte has shortlisted four candidates to take over the airline: Bain Capital, BGH Capital, Indigo Partners and Cyrus Capital Partners. Virgin Australia's appointed...
El Al is one of the Israeli economy's most significant corporate casualties from COVID 19 and will not survive without state assistance, says its chief executive Gonen Usishkin, as the firm announced ...
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