Fitch Ratings has downgraded Hawaiian Airlines and its parent company, Hawaiian Holdings to 'B-' from 'B+'. The rating downgrade is driven by the severe impact that the coronavirus pandemic has had on...
Affinity Capital Exchange (ACE), a fintech innovator in the loyalty finance space pioneering a new class of loyalty points, has entered into an agreement with JPMorgan, who will together to provide is...
Maples and Calder, the Maples Group's law firm, advised Delta Air Lines and its indirect, wholly-owned subsidiary, SkyMiles IP, on the Cayman Islands legal aspects of both its recent US$3 billion term...
Norwegian has reached an agreement to convert approximately $1.9 million of lease debt into perpetual bonds. These may be converted into approximately 4.7 million ordinary shares in the company at a c...
Allegiant Travel Company has agreed to sell $150 million 8.5% senior secured notes due 2024 at par to investors in a private offering. The notes are expected to be issued on October 7, 2020. Each of ...
Fitch Ratings has downgraded American Airlines to 'B-' from 'B'. The rating agency says that the downgrade is driven by a slower than expected rebound in air travel related to the coronavirus pandemic...
SkyWest has entered into a $573 million five-year loan and guarantee agreement with the US Treasury Department under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On September 29...
On September 30, 2020, Southwest Airlines received additional Payroll Support from the US Treasury in the amount of $94.345 million for which it issued the Treasury with a warrant to purchase up to 77...
After weeks of media speculation, UK aero engine manufacturer, Rolls-Royce Holdings, has officially announced its intention to raise £2bn by way of a fully underwritten rights issue. In conjunction, R...
Air Serbia has settled all of its remaining obligations towards EA Partners I in the amount of $57.62 million on the basis of a long-term loan taken in 2015, which matured on 28 September. In a releas...
Air Partner, the global aviation services group, has posted a gross profit of £27.7 million for the six months to 31 July 2020 – an increase of 61% compared to the same period in 2019. The company sta...
Air Busan hopes to raise 89 billion won ($76 million) in a rights offering in December. The budget carrier unit of Asiana Airlines will issue 30 million shares at 2,970 won per share, first to existin...
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