The Portuguese government, through the state-owned assets oversight board (Direção Geral do Tesouro e Finanças - DGTF), has approved a reduction in the share capital of TAP Air Portugal (TP, Lisbon) by two-thirds from its current EUR980 million euros (USD1.05 billion) to EUR313.6 million (USD337.8 million) to absorb losses and restructure its financial obligations. The [...]
South African Airways (SA, Johannesburg O.R. Tambo) is debt-free and does not seek further government funding, but it is pursuing a loan facility due to low cash reserves following the failed ZAR3 billion rand (USD170.4 million) investment from the Takatso Aviation consortium, according to chairman Derek Hanekom. Briefing the Standing Committee on Public Accounts (SCOPA) [...]
An entity owned and controlled by Toll Holdings Limited will pay approximately AUD47.1 million dollars (USD31.3 million) to buy aeromedical and charter operator Pel-Air Aviation (PFY, Sydney Kingsford Smith). The sale, previously flagged by ch-aviation, was confirmed in an October 24, 2024, Australian Stock Exchange filing. Pel-Air is a sister carrier of Rex - Regional [...]
Source: ch aviation Read more: Korea's Air Premia cuts capital raise plans
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Source: ch aviation Read more: Argentina could lose FAA Category 1 status - government
Source: ch aviation Read more: Brazil’s Azul agrees to partial debt negotiation with TAP
Source: ch aviation Read more: Surinam Airways cuts debt by mn amid restructuring effort
Frontier Airlines (F9, Denver International) is considering making a renewed bid for Spirit Airlines (NK, Fort Lauderdale International), according to the Wall Street Journal, which reports that new merger discussions are at an early stage and that a deal may not materialise. Citing "people familiar with the matter," the WSJ said that if a deal [...]
Source: ch aviation Read more: SKYhigh Dominicana begins B737-400(SF) ops