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Offers are being invited for the share capital of provisionally-liquidated Comair (South Africa), as well as its budget Kulula Air brand, trademarks, air operator's certificate (AOC), and domestic air service [...]

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has secured the approval of the US Bankruptcy Court for the Southern District of New York for its attempt to secure fresh capital from [...]

Byline: David Kaminski-Morrow Scandinavian carrier SAS has obtained court approval to commence solicitation procedures to raise equity as part of the airline's 'SAS Forward' restructuring programme. The carrier, which is [...]

May 03 -- Low cost Indian airlines, Go First owes Rs 65.21 billion ($ 798 million) to financial creditors. It was seen in the company's voluntary insolvency filing report on [...]

Air France-KLM, Air France, and KLM Royal Dutch Airlines have announced they have signed two revolving credit facilities (RCFs) linked to sustainable development for a total amount of EUR2.2 billion [...]

Byline: David Kaminski-Morrow Scandinavian carrier SAS is deferring its access to the second half of its $700 million debtor-in-possession term loan, after a stronger-than-forecast financial performance over the winter which [...]

Shareholders at Bamboo Airways (QH, Hanoi) have rejected plans for a private placement of shares to raise the company's charter capital, leaving the chairman, Nguyá»n Ngá»c Trá»ng, to postpone the [...]

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has triggered an attempt to raise equity financing while admitting that there will be little recompense for the debts incurred to existing creditors when [...]

Air India (AI, Mumbai International) has managed to achieve INR140 billion rupees (USD1.7 billion) in fresh funding from two Indian financial institutions after refinancing existing debt and accessing the Indian [...]

The total deficiency of defunct flybe. (Birmingham, GB) is estimated to top GBP82.6 million pounds (USD107.1 million), with GBP6.5 million (USD8 million) in cash left in the bank and GBP62,000 [...]

Air France-KLM has repaid EUR300 million euros (USD325 million) of EUR600 million (USD650 million) in outstanding hybrid bonds held by the French state, marking a 75% redemption of the Covid-19 [...]

The CEO of Air India (AI, Mumbai International) says he will fund his recent record breaking aircraft order using a combination of cash, equity, and sale and lease-backs. The order [...]

South Africa's flag carrier South African Airways (SAA) is to receive a R1 billion ($53 million) bailout from the government in order to help the airline settle its outstanding arrears. [...]

Air India (AI, Mumbai International) will borrow INR180 billion rupees (USD2.18 billion dollars) to refinance its existing debt over the short term according to India's Economic Times newspaper. The one-year [...]

Two of Europe's largest airlines are reportedly in early discussions with the administrators of Flybe, the UK carrier which collapsed at the end of January 2023. According to The Telegraph [...]

Norwegian airline Flyr has filed for bankruptcy, 19 months after it was first set up. The airline declared in a stock exchange announcement on 31 Jan that it would file [...]

Norwegian airline Flyr has filed for bankruptcy, 19 months after it was first set up. The airline declared in a stock exchange announcement on 31 Jan that it would file [...]

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has advised it will not make an interest payment on its CHF200 million Swiss francs (USD214.8 million) perpetual subordinated bonds. The airline, which voluntarily [...]

Mexicana was one of the oldest airlines in the world when it went out of business in August 2010. The carrier had been flying to the U.S. since 1920, when [...]

Hawaiian Airlines is establishing a $100,000 scholarship fund that will offer $10,000 grants each year to one or two Hawaii students studying information technology at Arizona State University. 'We are [...]

SriLankan Airlines (UL, Colombo Int'l) failed to repay installments for up to five years on loans obtained from local financial institutions that date back to 2016/17. The revelation is contained [...]

Byline: Graham Dunn Italian carrier ITA Airways expects passenger revenues to exceed its revised budget for the year as Italy's government is reportedly closing in on a new decree aimed [...]

Finnair (AY, Helsinki Vantaa) has extended the repayments of a mostly state-guaranteed EUR600 million (USD637 million) loan it secured in May 2020, pledging to complete the payments in May 2025 [...]

Byline: Greg Waldron Courts have approved a major restructuring plan for embattled carrier Hong Kong Airlines, which will see its fleet reduced to 20 aircraft from 53. Courts have approved [...]

Hong Kong's High Court approved Hong Kong Airlines Ltd.'s HK$49 billion ($6.3 billion) debt restructuring plan, boosting the carrier's chance of survival after years of financial turmoil. At a hearing [...]

Byline: Howard Hardee The airline recently navigated a series of challenges, from the Covid-19-related travel bans that grounded aircraft throughout Latin America, to financial restructuring and ultimately embracing the model [...]

Byline: Lewis Harper Finnair*has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion [...]

Hong Kong Airlines (HX, Hong Kong Int'l) has successfully secured creditor support for a USD6.2 billion debt restructuring plan after months of negotiations. In a filing note to the UK [...]

Byline: Alfred Chua Hong Kong Airlines (HKA) has cleared a first crucial step in its debt restructuring process in the UK, after it clinched approval from its creditors for its [...]