ICICI Bank sells Kingfisher debt
ICICI Bank has sold its entire Rs 430-crore debt exposure in Kingfisher Airlines (KFA) to a debt fund of Srei Venture Capital (SVCL), the fund management arm of Kolkata-based Srei Infrastructure Finan...
ICICI Bank has sold its entire Rs 430-crore debt exposure in Kingfisher Airlines (KFA) to a debt fund of Srei Venture Capital (SVCL), the fund management arm of Kolkata-based Srei Infrastructure Finan...
AerCap Holdings and AerDragon, its Chinese joint venture, have signed purchase agreements for five new A330-300s which will be leased to Singapore Airlines. AerCap will lease four of the aircraft and ...
The Chinese government has cut domestic jet fuel prices by 9% to CNY 6,724 ($1,064) per ton and prices are now 12% down on last year. ICICI Bank has managed to offload its US$99m (430 crore) exposure ...
The Agricultural Bank of China (ABC) Financial Leasing Company has placed an order for 45 C919s. ABC Financial Leasing Co. is expanding its fleet size to meet growing demand for the air travel in the ...
A global outage of the travel transaction processor software Amadeus disrupting flights around Australia as staff were forced to check in passengers manually. The outage also led to a small number of ...
Cathay Pacific Airways has ruled out launching a low-cost subsidiary to better compete with its rivals. In an interview with the Financial Times, Chief executive John Slosar said Cathay had not lost g...
Three airlines: Philippine Airlines, Tiger Asia and Hainan Air, have informally raised interest in the low-cost regional carrier Zest Air. However, chairman of Zest Air Donald Dee has declared that th...
SriLankan Airlines has secured a $175m structured Islamic facility. The four-year loan subscribed in US dollars and UAE dirhams was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, Mashreq's Islamic...
Virgin Group, which owns Virgin Atlantic Airways, has confirmed that it has sold its 10% stake in AirAsia X to existing shareholders. “Virgin Group has a large number of new and exciting investment op...
Kingfisher Airlines is this week facing fresh renewed pressure from lenders and other companies with whom it finds itself indebted to. The difference this week from others before it is that lenders ar...
Hong Kong Airlines has taken delivery of its third A330-200 passenger aircraft to operate on its London Gatwick route. Each aircraft is configured with just 116 seats in an exclusive all Club Class of...
The Indonesia National Air Carriers Association has declared that Indonesia needs to accelerate its push to groom more pilots to cope with the expansion of the country's airlines. The Association fore...
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