A cash injection of €45.5 million ($68.4 million) and a debt-to-equity conversion of €19.7 million was approved by shareholders of Slovenia carrier Adria Airways at a meeting held on September 21. Cap...
Kingfisher, unable to secure meaningful investment pledges after a two-year roadshow has this week bowed to the inevitable: cut back aspirations, cut back low cost plans and pump more of that beer mon...
Kingfisher Airlines chairman Vijay Mallya has confirmed at the company’s annual general meeting in Bangalore that he is working aggressively to raise fresh capital by either leasing aircraft or by sel...
Aviation Capital Group Trust, an aircraft securitization special purpose vehicle (the Trust), has commenced a solicitation of consents of the holders of the Class A-1 Notes, Class B-1 Notes, Class C-1...
Credit-default swaps for AMR Corp, parent company of American Airlines, rose to 49.5% upfront yesterday from 29.25% on August 1, suggesting the market considers the airline to be struggling, if not in...
Oman Air has financed its purchase of two Embraer E175 worth $52mn with a loan from BankDhofar. Oman Air has five of the Brazilian jets on order and will be looking at other local banks to support the...
Shares of Kingfisher Airlines (down 4.61%), SpiceJet (down 2.77%) and Jet Airways (down 2.76%) declined as a weak rupee heightened concerns about its impact on operating costs of airline companies. ...
Sir Stelios Haji-Ioannou has withdrawn his request for an extraordinary general meeting of the easyJet board of directors in order to remove a board member after the low-cost airline moved to increa...
Airbus parent company, European Aeronautic, Defence & Space (EADS) has sought to reassure investors that lenders and leasing companies aren’t retreating from the aircraft financing market. CFO Hans ...
AirAsia will only start equity accounting its share of profits from Thai AirAsia (TAA) and Indonesia AirAsia (IAA) when the unrecognised losses at the carriers have been reversed. However analysts e...
Air New Zealand is reported to be preparing to issue a corporate bond next month. The airline hopes to raise as much as $150 million in its first corporate bond issuance since 1991. The bonds will mat...
Deucalion Capital X Limited, an investment fund advised by DVB Bank SE (DVB), has acquired six Rolls-Royce Trent 772 powered A330-300 aircraft from Cathay Pacific Airways and leased them back on long-...
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