After posting a record profit in Q1, 2023, IndiGo is spreading its wings into Venture Capital to make early-stage investments in aviation startups. The announcement was made during IndiGo's earnings c...
American Airlines Group's credit rating has been upgraded to B+ by S&P Global. The rating agency said that the upgrade action followed the airline's "sharp improvement" in its credit measures througho...
SpiceJet has sought its shareholders' approval for Carlyle Aviation Partners, to acquire a 5.91% stake in the airline at INR 48 per share. “Carlyle will acquire these shares through the conversion of ...
Finnair Plc will exercise its right to redeem its €200 million capital securities issued on September 3, 2020. The Capital Securities will be redeemed in full on September 1, 2023 in accordance with t...
Elevate Aviation Group, the parent company of Private Jet Services and Keystone Aviation, has approved an additional annual investment of nearly $10 million toward growth. Commenting on the investment...
Pakistan International Airlines (PIA) has its bank accounts frozen due to unpaid taxes to the tune of $9.8 million. The airline owes taxes to Pakistan's Federal Board of Revenue (FRB) and had its acco...
Air France-KLM doubled its net profit in the second quarter to €733million citing high demand in air travel despite rising inflation which has increased costs. The Group reported net profit of €604 mi...
Air France-KLM has entered into exclusive discussions with Apollo Global Management regarding the potential financing of €1.5bn to a dedicated operating affiliate of Air France-KLM. This entity will h...
Vietjet Air has approved a plan to issue VND2 trillion ($84.5 million) worth of corporate bonds in order to meet operating costs. The five-year non-convertible bonds without collateral will have a par...
FTAI Aviation reported net income attributable to shareholders of $46.4 million as of second quarter 2023. Out of this the income from aerospace products was $30.1 million. The company generated $148....
Itasca Re, the Bermuda-licensed reinsurance company created by Castlelake, has provided reinsurance for aircraft non-payment insurance (ANPI) in respect of financial leasing of three A321neo aircraft ...
Surf Air Mobility is all set to start trading on the New York Stock Exchange (NYSE) through a direct listing. Surf Air shares will be available under the ticker symbol ‘SRFM for trading on the NYSE, o...
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