AAR entered into a $620 million unsecured revolving credit facility. The credit facility is a $20 million increase from the prior facility and extends the maturity of the agreement from September 2024...
Kenya Airways will receive a bailout of $283.7 million from the government in the current financial year to support its proposed restructuring plan and to wean them off annual government funding. In a...
Eve Air Mobility has received two distinct credit lines totaling $92.5 million from Brazil’s National Development Bank (BNDES). Both credit lines are expected to offer beneficial terms and conditions ...
Indian aviation industry has suffered a loss of INR 116.58bn in FY 2021-22 as per the Indian Ministry of Civil Aviation records. The losses to the industry were primarily because of the Covid-induced ...
On December 20 Air Canada publicised the final results of its November 14 cash tender offer. The offer, which expired on December 19, was to purchase for cancellation up to US$300 million aggregate pr...
Gama Aviation, a provider of wide-ranging services to the industry, said it was "enjoying a solid trading performance in the second half [H2] of the year", putting projected earnings "in line with man...
SpiceJet has put forward a two-step transaction plan to clear the outstanding debts worth INR 25bn to lessors, reports Economic Times. Looks like the plan aims to turn lessors into potential investors...
Canadian company Chorus Aviation said on December 14 it would redeem the remaining US $115 million principal amount of its 6.00% senior debentures due December 31, with the redemption expected to clos...
The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) today signed two loans to fund air services in PNG. The two loans amounting to almost $163 million were signed for the new...
In a much-needed relief for Hong Kong Airlines, the Hong Kong High Court has approved the airline’s $6.3bn debt restructuring plan. This will boost the airline’s survival chances following a tough yea...
Arthur J. Gallagher has acquired Aviation Insurance Australia for an undisclosed amount. Aviation Insurance Australia is a retail insurance broker serving aviation and aerospace clients throughout Au...
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR airports, India has raised funds through the issuance of 10-year listed, rated, redeemable, secured non-convertible debentures ...
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