France’s CMA CGM targets 30% of Groupe Dubreuil Aéro
French shipping and container giant CMA CGM has signed a Memorandum of Understanding (MOU) to acquire a 30% stake in… Read More »
US court approves LATAM’s revised financing plan
The US Bankruptcy Court for the Southern District of New York has approved a revised debtor in possession (DIP) financing… Read More »
Controversy over South African gov’t bailout to save SAA
In a controversial last minute move to ward off the liquidation of South African Airways (SA, Johannesburg O.R. Tambo), the… Read More »
El Al to resume ops, offering nets $148m, Rosenberg buys 43%
As expected, El Al Israel Airlines (LY, Tel Aviv Ben Gurion) raised ILS505 million shekels (USD148 million) in its share… Read More »
Delta taps $9 billion in financing against loyalty program
Delta Air Lines DAL.N said on Thursday it is raising $9 billion, $2.5 billion more than its previous estimates, through new bonds… Read More »
El Al holds share offering, one potential buyer exits
El Al Israel Airlines (LY, Tel Aviv Ben Gurion) announced on September 15 that it would stage a government-mandated USD150… Read More »
Sri Lankan gov’t waives fees for Hambantota, Ratmalana
Sri Lanka’s Minister of Tourism, Prasanna Ranatunga, decreed on September 8, 2020, that all landing and parking charges at Hambantota… Read More »
Greenpeace threatens lawsuit if gov’t not tougher on KLM
If the Dutch government fails to include stricter environmental targets in its EUR3.4 billion euro (USD4 billion) bailout of KLM… Read More »