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Lufthansa Raises €500 Million in Aircraft Financing During the Second Half of 2020
The Lufthansa Group has raised approximately €500 million in financing since July 2020 by collateralizing eight aircraft under favorable...
Jan 7, 20211 min read
BOC Aviation Reports Fourth Quarter and Full Year 2020 Operational Data
BOC Aviation Limited, a leading aircraft lessor, has a fleet of 553 owned, managed and aircraft on order with an average age of 3.5 years...
Jan 6, 20212 min read
AerCap Signed $8.3 Billion in Financing Transactions and Leased, Purchased and Sold 179 Aircraft in
Despite a difficult year for the industry, the global leader in aircraft leasing signed $8.3 billion in financing transactions and leased...
Jan 5, 20211 min read
AirAsia Reduces Stake in AirAsia India by Nearly 33 Percent
AirAsia Group Berhad has disposed of 32.67% of its equity stake in AirAsia India Limited held by the Group’s wholly-owned subsidiary...
Dec 29, 20202 min read
LOT Polish Airlines Receives Approval From the EC and Polish Government for PLN 2.9 Billion in Aid
The carrier received approval from the European Commission and the Council of Ministers of the Republic of Poland for an aid and loan...
Dec 23, 20202 min read
SAS Signs $174.5 Million Three Year Term Loan Facility Agreement
The NOK 1.5 billion (USD $174.5 million) three-year term loan facility is 100 percent guaranteed by the Norwegian Export Credit Guarantee...
Dec 18, 20202 min read
Transat Shareholders Overwhelmingly Approve Acquisition by Air Canada
At a special meeting of shareholders on Tuesday, an overwhelming majority of Transat shareholders voted in favor of the ‘Arrangement...
Dec 15, 20202 min read
Mesa Air Group Reports Fourth Quarter Net Income of $11.4 Million or $0.32 per Share
The carrier reported a full fiscal year net profit of $27.5 million or $0.78 per diluted share compared to net income of $47.6 million or...
Dec 12, 20203 min read
Air Transat Reports Fourth Quarter Adjusted Net Loss of $156.4 million on 96% Revenue Decline
Transat reported their fourth quarter and FY 2020 financial results on Friday with a Q4 adjusted net loss of $156.4 million or ($4.14) per..
Dec 12, 20203 min read
Norwegian Files for Reorganization Under Norwegian Law, Further Expanding Company Restructuring
The new filing in Norway will coexist with the company’s previous November 18, 2020 filing for Irish Examinership. The process will not...
Dec 8, 20202 min read
American Airlines Names Meghan Montana Vice President & Treasurer; Alison Taylor Joins GBTA Board
The carrier has promoted Meghan Montana to Vice President and Treasurer where she will be responsible for corporate finance, global...
Dec 7, 20203 min read
Qantas Group Publishes Market Update With Focus on Repair and Recovery
For December, the Group has reached 68 percent of pre-pandemic capacity, rising to nearly 80 percent for the third quarter. The company...
Dec 3, 20203 min read
SAS Reports Full Year 2020 Net Loss of $1.1 Billion on Revenue of $2.4 billion
The airline’s full year 2020 (November 2019-October 2020) net loss totaled MSEK 9,275 (US $1.1 billion) on a 55 percent revenue decline to..
Dec 3, 20202 min read
Lufthansa Group Finalizes Sale of LSG Europe to Gategroup
Lufthansa Group and Gategroup concluded a purchase agreement for the European operations of LSG Group in December 2019 and gategroup has...
Dec 3, 20202 min read
Condor Exits Protective Shield Proceedings as Financially Healthy Company
The German leisure airline has terminated protective shield proceedings and emerges as a healthy and financially sustainable company...
Dec 1, 20202 min read
Qantas to Outsource Ground Handling Operations at 10 Australian Airports, 2,000 Employees Impacted
The company hopes to achieve savings of approximately $100 million annually, as well as $80 million in expenditures over five years for...
Nov 30, 20203 min read
Mesa Air Group Signs New Five Year Contract With American Airlines to Operate 40 CRJ-900s
The new contract replaces the existing agreement which is expiring and will run from January 1, 2021 through December 31, 2025. The...
Nov 24, 20202 min read
Norwegian Air Enters Reorganization Plan With Subsidiaries Under Irish Examinership
After the Norwegian Government refused further financial support for the airline, they have initiated the reorganization process with...
Nov 19, 20202 min read
Virgin Australia Group Exits Administration, Charts New Course for Success
The carrier has exited voluntary administration and the company’s new CEO, Jayne Hrdlicka, has outlined the future direction of the...
Nov 18, 20204 min read
Korean Air Parent Company Hanjin Group to Acquire Asiana Airlines for $1.62 Billion
Hanjin Group KAL and Korean Air agreed to acquire the financially troubled carrier for KRW 1.8 trillion (US $1.62 billion) at a board...
Nov 16, 20202 min read
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