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...
The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) approved two final commitments aggregating $171 million in export financing for Aerovias de Mexico, which is Mexico's...
FastJet, the new low-cost African airline being led by easyJet founder Sir Stelios Haji-Ioannou, has confirmed plans to lease at least five A319s in the next six months and up to 15 within a year. Rub...
Mustapha Chike-Obi, managing director, Asset Management Corporation of Nigeria , has declared that distressed airlines in the country owe the corporation N135 billion ($831m). The corporation took ove...
Maintenance provider Monarch Aircraft Engineering Limited (MAEL) is expanding both its line maintenance stations and scope of approvals. With immediate effect, MAEL has opened four new seasonal statio...
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 ...
Adria Airways is planning to phase out its two A319s and one A320 due to overcapacity. The airline currently operates one A320, two A319s, four CRJ900s and six CRJ200s. Although CEO Klemen Bostjancic ...
Sir Stelios Haji-Ioannou, easyJet’s founder and largest shareholder holding a 37% stake, has called on easyJet’s chairman, Sir Michael Rake, to resign. Following the Libor scandal, Sir Michael Rake ha...
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...
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