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Bain Capital to Become New Owner of Virgin Australia as Carrier Prepares for Relaunch
The Virgin Australia Group announced today that the carrier’s Administrators have entered into an agreement with Bain Capital who are to...
Jun 26, 20202 min read
KLM Royal Dutch Airlines Secures €3.4 Billion in Financing to Weather Industry Downturn
KLM announced on Friday that they have secured €3.4 billion in new financing to secure their future as the weather the global COVID-19...
Jun 26, 20202 min read
Qantas Group Announces Recovery Plan for Stronger Future, to Raise up to $1.9 Billion in new Equity
The Qantas Group announced on Thursday a comprehensive recovery plan for a stronger future in the post-pandemic environment. The carrier...
Jun 25, 20203 min read
American Airlines to Raise an Additional $3.5 Billion Through Secured Notes, Loans and Share Sales
American Airlines announced on Sunday a proposal to raise an additional $3.5 billion through an offering of senior secured notes, a new...
Jun 21, 20202 min read
United Airlines Pledges Prized MileagePlus Loyalty Program as Collateral for New $5 Billion Loan
United Airlines announced on Monday that they will secure $5 billion in new financing using their MileagePlus loyalty program as collateral.
Jun 15, 20202 min read
Air Transat Reports Second Quarter Net Loss of $179.6 Million, Will Resume Flights on July 23, 2020
Air Transat announced on Thursday a second quarter net loss of $179.6 million or $4.76 per diluted share on a 36.3 percent revenue decline..
Jun 11, 20204 min read
Austrian Airlines Receives €600 Million Financial Aid Package From Federal Government and Lufthansa
Austrian Airlines announced on Monday that they have received financial aid from the Federal Government and Lufthansa, as well as loans...
Jun 9, 20202 min read
Cathay Pacific Announces HK$39 Billion in Recapitalization Financing
Cathay Pacific announced on Tuesday a plan to raise HK$39 billion in recapitalization financing. The Hong Kong-based carrier’s plan is...
Jun 9, 20203 min read
Singapore Airlines Raises S$10 Billion in Fresh Liquidity Through Rights Issue, Other Measures
Singapore Airlines announced on Monday that they have secured S$10 billion in fresh liquidity through a recent Rights issue as well as...
Jun 8, 20202 min read
TUI Reaches Comprehensive Settlement Agreement With Boeing Over 737 MAX Grounding
TUI announced on Wednesday that it had reached a comprehensive agreement with Boeing over the grounding of the 737 MAX. TUI will be...
Jun 3, 20202 min read
Lufthansa Reports First Quarter Net Loss of €2.1 Billion; Resumes Service From Munich to U.S.
Lufthansa reported on Wednesday a first quarter net loss of €2.1 billion on an 18 percent revenue decline to €6.4 billion. In a separate...
Jun 3, 20202 min read
Air Canada Closes Share and Convertible Note Offering, Raises Nearly C$1.6 Billion
Air Canada announced on Tuesday the closing of their previously announced share and convertible senior notes offering, raising gross...
Jun 2, 20202 min read
AEGEAN to Restart Flights From Thessaloniki; Seeks Loan Guarantee for €150 Million
AEGEAN announced on Wednesday that they will be restarting direct flights from Thessaloniki to six international destinations from June...
May 28, 20202 min read
LATAM Airlines Group Files for U.S. Chapter 11 Bankruptcy Reorganization
LATAM Airlines Group S.A. announced on Tuesday that the company and its affiliates in Chile, Peru, Colombia, Ecuador and the United States..
May 26, 20203 min read
Lufthansa's €9 Billion Stabilization Package Approved by the Federal Republic of Germany
Deutsche Lufthansa AG announced on Monday that their stabilization package has been approved by the Economic Stabilization Fund (WSF) of...
May 25, 20202 min read
Finnair’s €600 Million Pension Premium Loan Guaranteed by Finland and Commercial Bank
Finnair announced on Wednesday that the Finnish Government has approved a guarantee of the carrier’s pension premium loan up to €540...
May 21, 20202 min read
Norwegian Finalizes Recapitalization Plan, Secures NOK 3 Billion in State Aid
Norwegian Air announced on Wednesday that they have finalized their recapitalization plan, including the approval of NOK 2 billion in...
May 20, 20202 min read
Thai Airways International to Reorganize, Not be Dissolved, Liquidated or Declared Bankrupt
Thai Airways International announced on Tuesday that although the Thai Cabinet approved the carrier’s reform plan under the auspices of...
May 19, 20201 min read
Ryanair Holdings Reports FY20 Profit of €1 Billion on Revenues of €8.49 Billion
Ryanair Holdings plc reported on Monday a 13% year-over-year profit increase to €1 billion on a 10% revenue increase to €8.49 billion...
May 18, 20202 min read
Air Arabia Announces First Quarter 2020 Net Profit of AED 71 million
Air Arabia announced on Thursday a first quarter net profit of AED 71 million ($USD 19.3 million) on a 12 percent revenue decline to AED...
May 15, 20202 min read
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