Japan’s ANA to cut 3,500 staff; widebody fleet by 30
ANA Holdings is considering reducing its workforce by 3,500 employees by 2022, to be achieved through natural reductions such as… Read More »
Rolls-Royce seeks $2.6 billion in make-or-break share issue
Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive… Read More »
PIA Pakistan eyes $124mn sukuk to aid liquidity
PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) could raise up to PKR20 billion rupees (USD124 million) through a… Read More »
Vanuatu gov’t provides cash for A220s amid deal probe
The Government of Vanuatu has agreed to provide an additional VUV200 million vatus (USD1.8 million) to Air Vanuatu (NF, Port… Read More »
PIMCO & GECAS to create US$3 billion aviation leasing investment platform
PIMCO, one of the world’s premier fixed income investment managers, and GE Capital Aviation Services (GECAS), a world-leading lessor and… Read More »
Avianca to lay off 6,000 and reduce capacity – CFO
The coronavirus pandemic will force Avianca Holdings to downsize, in which the size of the Avianca Airlines (AV, Bogotá) parent’s… Read More »
Portugal’s TAP secures another state loan guarantee
The Portuguese government has set aside a EUR500 million euro (USD585.2 million) loan guarantee in its 2021 budget for flag… Read More »
Garuda Indonesia secures $68mn export-boosting state loan
Garuda Indonesia (GA, Jakarta Soekarno-Hatta) has managed to secure an IDR1 trillion rupiah (USD67.9 million) loan facility from the Indonesian… Read More »