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
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 [...]
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 [...]
Moldova's Pecotox-Air takes delivery of first B747F
Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F
Air Serbia inducts first E195 into service
Source: ch aviation Read more: Air Serbia inducts first E195 into service
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
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 [...]
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) [...]
Australia's Pel-Air sold to Toll Holdings
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 [...]
Korea's Air Premia cuts capital raise plans
Source: ch aviation Read more: Korea's Air Premia cuts capital raise plans