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Byline: Howard Hardee US discounter Spirit Airlines has secured an additional $300 million in financing from debt holders as it prepares to exit Chapter 11 bankruptcy proceedings.* US discounter Spirit [...]

Credit Agricole Corporate and Investment Bank recently closed a $300MM engine financing arrangement, which includes a sustainability-linked feature, with LATAM Airlines Group S.A. The company added the facility is the [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2024 M2 COMMUNICATIONS The United States Bankruptcy Court for the Southern District of New York has granted definitive approval for US-based low-cost carrier Spirit Airlines to complete the [...]

The Airbus A321XLR is revolutionizing long-haul travel with its 11-hour range. The versatile jet can reach far-away places and fit into mainline and budget business models. Launch customer Iberia and [...]

Brazilian low-cost airline GOL Linhas Aéreas Inteligentes SA (GOL) has announced its intention to file an initial proposed Chapter 11 plan of reorganization with the US Bankruptcy Court. This significant [...]

Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines in 2011. Despite the filing, the budget-travel icon [...]

Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines in 2011. Despite the filing, the budget-travel icon [...]

Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday. The airline will continue to operate as normal, and all tickets remain valid, it added. Spirit has struggled [...]

Abra Group, the parent company of Avianca Airlines, GOL Linhas Aéreas Inteligentes, and Wamos Air, has successfully completed two significant private refinancing transactions totaling USD 1.25 billion. This strategic move [...]

Wheels Up (WUP), based in Teterboro, New Jersey, has announced an ambitious fleet modernization strategy aimed at enhancing its service offerings in the private aviation sector. The initiative involves transitioning [...]

South African Airways (SAA) is currently debt-free and does not seek additional government funding; however, the airline is actively pursuing a loan facility to bolster its low cash reserves following [...]

Frontier Airlines Holdings has secured a USD205 million revolving line of credit to support, among other needs, aircraft pre-delivery payments (PDPs). According to a September 26, 2024, filing with the [...]

Spirit Airlines (SAVE) is in discussions with bondholders over the terms of a bankruptcy filing following the failed merger with JetBlue (JBLU), Alexander Gladstone, Alison Sider, and Andrew Scurria of [...]

Alaska Air (ALK) announced that it launched a proposed senior secured term loan facility and intends to issue additional pari passu senior secured debt. The aggregate principal amount of the [...]

American Airlines is currently in discussions to designate Citigroup as its exclusive credit card partner, effectively ending its longstanding partnership with Barclays, which dates back to the airline's 2013 acquisition [...]

Budget airline Wizz Air is planning new long-haul cheap flights between the UK and Saudi Arabia. Passengers on the seven-hour flight will have to do without free coffee or entertainment [...]

Azul Linhas Aéreas Brasileiras (AD) has confirmed it is not considering filing for Chapter 11 bankruptcy protection in the United States. Instead, the Brazilian airline is negotiating with lessors to [...]

Abra Group has taken a significant step to stabilize its financial position by entering into a commitment letter with investment firm Castlelake, securing $1.3 billion in funds. This financing move [...]

SAS Scandinavian Airlines has officially emerged from Chapter 11 bankruptcy protection in the United States, as well as a similar restructuring process in Sweden. The airline, which filed for Chapter [...]

SAS Scandinavian Airlines has officially emerged from Chapter 11 bankruptcy protection in the United States, as well as a similar restructuring process in Sweden. The airline, which filed for Chapter [...]

The parent company of Genghis Khan Airlines, Beijing Tianjiao Aviation Industry Investment Co, also known as Skyrizon, is encountering significant financial challenges in retrieving funds from Ukraine following its unsuccessful [...]

Byline: Tbm Staff - Mumbai, Nishtha Ganesh Turkish Airlines has expanded its financing portfolio by incorporating a new currency, aligning with its natural currency hedging policy. This move is facilitated [...]

Devon May, American Airlines CFO, said on the company's Q2 call in response to an analyst: 'On your second question around CapEx and where we're at with cash, we still [...]

The fallout from a botched software update by CrowdStrike, which on July 19th triggered one of the biggest-ever IT outages, continued to disrupt firms around the world. By knocking out [...]

Bonza Airlines, based on the Sunshine Coast, is set to undergo liquidation following a decisive vote by creditors at a meeting held in Sydney on July 2, 2024. The move [...]

TechWolf raises $40 million to expand its AI-driven employee skill management in the US. Founded in 2018, TechWolf helps companies understand and manage workforce skill sets. Series B funding led [...]

Byline: Jon Hemmerdinger Caribbean airline JetAir has grounded its aircraft and cancelled all flights after its parent companies entered bankruptcy protection in a Curacao court. Caribbean airline JetAir has grounded [...]

Spirit Airlines (NK, Fort Lauderdale International) has faced a downgrade by S&P Global to CCC from CCC+, prompted by concerns over the airline's financial health and upcoming debt maturities. Despite [...]

Spirit Airlines CEO says the company is not evaluating a Chapter 11 bankruptcy at this time, according to Bloomberg, citing comments made by Ted Christie at the company's annual shareholder [...]

European charter airlines operating out of Germany, Austria, and the Netherlands face financial repercussions following FTI Touristik GmbH's bankruptcy filing on June 3, 2024. FTI Touristik, part of Europe's third-largest [...]