Lilium NV, the US Nasdaq-listed parent of Germany's Lilium (Oberpfaffenhofen) and Lilium eAircraft, has warned it may have to file for insolvency and stands to lose control of these two wholly-owned overindebted subsidiaries which are themselves due to file for insolvency and self-administration/debtor-in-possession proceedings under German law in the coming days. In a US stock [...]
Source: ch aviation Read more: Fly Burundi begins certification
Source: ch aviation Read more: UK's Propel Flight Operations eyes charter flights
Source: ch aviation Read more: Korea's Aero K to appeal adverse mn lease dispute ruling
Source: ch aviation Read more: CNMI's Star Marianas involves US FAA in airport fees dispute
Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) has two options to raise about USD400 million in new cash: a fresh financing accord with its existing ad hoc group of bondholders, or receiving capital that Jefferies Financial Group is trying to raise from other investors. The first option may entail a future debt-for-equity swap, while [...]
Abra Group, owner of avianca airlines, GOL Linhas Aéreas Inteligentes, and Wamos Air, has closed two private refinancing transactions worth a total of USD1.25 billion. One of the holding group's own subsidiaries, Abra Global Finance (based in the Cayman Islands), closed a private placement of USD510 million in aggregate principal amount of senior secured notes [...]
Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F
Source: ch aviation Read more: Air Serbia inducts first E195 into service
Source: ch aviation Read more: Parts trading is key to DAT’s ATR-based business model - CEO