In a statement to the Australian Stock Exchange (ASX) Virgin Australia acknowledged media reports that it was requesting financial support from the Australian Government in the order of $1.4bn as part...
Despite IATA warning that airlines globally are facing losses of $314 billion in 2020, a 55% decline compared to 2020, the US government’s $58 billion CARES package, is by-far largest aid deal so far...
Watson Farley & Williams (WFW) has advised a South Korean financial institution, as arranger for several Korean debt and equity financiers, on the restructuring of an existing debt and equity financin...
The Australian government has announced a $198 million relief package for regional aviation services which includes subsidies to airline services, as well as an additional A$100 million to provide dir...
The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it deals with the Covid 19 outbreak. This debt has been secured...
The Thai Minister of Finance said on yesterday that the government will inject a new round of cash bailout for Thai Airways, whose operations have been severally impacted the coronavirus pandemic. U...
Singapore airlines has launched a massive capital raising that will ad over $13 billion to the carrier’s balance sheet. Singapore is offering 5.3 billion Singapore dollars ($3.72bn) in equity and up t...
The International Air Transport Association (IATA) has written to the heads of government of 18 States in Asia-Pacific to appeal for emergency support to airlines as they fight for survival due to th...
The Hong Kong SAR Government has announced that effective from 25 March , non-residents will not be allowed entry into the territory – this includes transit passengers effectively shutting down its ai...
Singapore Airlines will be cutting 96% of the capacity that had been originally scheduled up to end-April, given the further tightening of border controls around the world over the last week to stem t...
Air New Zealand has been thrown US$515 million lifeline in the form of government loan in order to help the flag carrier navigate the Covid 19 crisis. Announcing the package, the country’s finance mi...
India is planning a rescue package worth as much as $1.6 billion for the country’s aviation sector, as result of the Covid 19 pandemic, according to Reuters. The Finance Ministry is considering a prop...
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