Banks insist on new El Al cash injection before giving loan
With the market conditions for passenger aviation only worsening, in particular with Israel’s prolonged lockdown, banks are now demanding that… Read More »
Marriott CEO Arne Sorenson Reducing Schedule to Battle Cancer
Marriott International announced president and CEO Arne Sorenson would be temporarily reducing his schedule to undergo more demanding treatment for… Read More »
AELF FlightService acquires majority stake in Maleth-Aero
AELF FlightService, the wet-leasing division of Puerto Rico-based lessor AELF – Aircraft Engine Lease Finance, has completed the acquisition of… Read More »
Bank uses new financing system for SkyWest-Embraer deal
The Brazilian Development Bank (BNDES) revealed on January 25 that it had approved a loan of BRL450 million reais (USD83… Read More »
Norwegian to exit Irish insolvency in 2Q21 – presentation
Norwegian (DY, Oslo Gardermoen) has outlined its new plan to outlive the collapse in air travel demand in a presentation… Read More »
Pay-over-time travel booking increases during pandemic
While airlines and tour operators are offering flexible rebooking policies, the coronavirus pandemic has also boosted sales through finance companies… Read More »
Azamara Will Grow Under New Owners, Incoming President Says
When Royal Caribbean Group announced the pending sale of boutique cruise line Azamara to Sycamore Partners, a private equity firm, the travel industry wondered… Read More »
Pay-over-time travel booking increases during pandemic
While airlines and tour operators are offering flexible rebooking policies, the coronavirus pandemic has also boosted sales through finance companies… Read More »