News

AWAS has mandated Credit Agricole-CIB to arrange a $224m aircraft lease portfolio commercial facility to support the acquisition of eight narrowbody aircraft – A320/737NGs – that are on lease to vario...

FLY Leasing set off a number of worries in the market after it withdrew its proposed term loan re-pricing citing “market conditions” as the reason. As reported by S&Ps Leveraged Commentary & Data news...

Emirates Airline has launched its $750m 12-year amortising bond priced at 300 basis points over seven-year midswaps. Although the bond priced at the wider end of guidance – possibly caused by the amor...

Korean Air has closed a $149.197 million pre-funded Eximbond to finance one 777F (msn 37640). This is the airline’s first Ex-Im Bank guaranteed bond issuance and the first Ex-Im Bank guaranteed prefun...

Tony Fernandes’ AirAsia Group and Tata Sons have come to an agreement to form a joint-venture (JV) airline, bringing the Tata family back into the airline sector for the first time since 1953 when Tat...

Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of London Heathrow airport slots for $70 million. The purchase is part of a sale and lease back...

Although Airbus has reiterated its confidence that the lithium ion (Li-ion) main battery architecture it has been developing with Saft and qualifying for the A350 XWB aircraft is robust and safe, sinc...

At the time of going to press, the 787 fleet has now been grounded for six weeks without a definitive solution in sight to solve the perceived problems with the lithium-ion battery installed on the ai...

Qantas has posted a net profit of $111 million in the six months to December 31, up from $42 million in the year-ago period. Although this triples profits, the resultare still far below analyst expect...

Garuda Indonesia has secured a two-year $70 million unsecured loan from Bank Permata. The airline has also issued an aircraft leasing tender for Hajj transportation for the year of 2013. It has reques...

Air Berlin has launched a new convertible bond of approximately €120 million with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100% of nominal va...

Buried in International Airlines Group’s annual report is the news that the group has informed its lenders that is has failed to meet one of the financial covenant on a finance lease for one A340-600,...