UK's Propel Flight Operations eyes charter flights

Source: ch aviation Read more: UK's Propel Flight Operations eyes charter flights

By | October 25th, 2024|Financial|0 Comments

Korea's Aero K to appeal adverse $8mn lease dispute ruling

Source: ch aviation Read more: Korea's Aero K to appeal adverse mn lease dispute ruling

By | October 24th, 2024|Financial|0 Comments

CNMI's Star Marianas involves US FAA in airport fees dispute

Source: ch aviation Read more: CNMI's Star Marianas involves US FAA in airport fees dispute

By | October 24th, 2024|Financial|0 Comments

Brazil’s Azul struggling to find investors – report

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 [...]

By | October 24th, 2024|Financial|0 Comments

Abra Group secures $1.25bn in refinancing

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 [...]

By | October 24th, 2024|Financial|0 Comments

Moldova's Pecotox-Air takes delivery of first B747F

Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F

By | October 24th, 2024|Financial|0 Comments

Air Serbia inducts first E195 into service

Source: ch aviation Read more: Air Serbia inducts first E195 into service

By | October 24th, 2024|Financial|0 Comments

Parts trading is key to DAT’s ATR-based business model – CEO

Source: ch aviation Read more: Parts trading is key to DAT’s ATR-based business model - CEO

By | October 24th, 2024|Financial|0 Comments

Lisbon approves TAP share capital reduction

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 [...]

By | October 24th, 2024|Financial|0 Comments

South African Airways to need cash injection in the longterm

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) [...]

By | October 24th, 2024|Financial|0 Comments