Lufthansa issues €600mn bonds, saves €200mn in staff costs
Lufthansa (LH, Frankfurt Int’l) launched an offering of senior unsecured convertible bonds on November 10 for EUR525 million euros (USD618… Read More »
Boeing is Investing Over $14 Million in Veteran Support Programs
To commemorate Veterans Day in the U.S. and Remembrance Day in Australia, Canada and the U.K., Boeing today announced its provision of a $14.2-million… Read More »
Romania’s Tarom needs $224mn more in state aid
Cash-strapped Romanian state-owned carrier Tarom (RO, Bucharest Otopeni) is to ask for another RON924 leu million/EUR191 million (USD224.5 million) in… Read More »
Bombardier faces fraud probe over Garuda Indonesia contracts
The United Kingdom’s Serious Fraud Office (SFO) is investigating Bombardier Aerospace (BBA, Montréal Trudeau) over suspected bribery and corruption in… Read More »
Hi Fly Malta to end A380 operations
Hi Fly Malta (HFM, Malta Int’l) has announced it will retire its only A380-800 later this year and will replace… Read More »
Garuda Indonesia to merge with other state tourism companies
The Indonesian government has announced plans to merge into one holding company, nine state-owned tourism companies including flag carrier Garuda… Read More »
Beaches Said to Withdraw From Turks and Caicos Tax Mediation
Planned mediation talks between officials at Beaches Turks and Caicos and the territory’s government regarding a $20 million tax dispute… Read More »
Saudia denies claims after lessor sues for $460mn
Saudia (SV, Jeddah) has said it would defend itself against what it called inaccurate claims after Shariah-compliant lessor Alif Segregated… Read More »