What owners and financers need to know about insurance and Putin’s aircraft seizure law
On March 14, 2022, Russian President Vladimir Putin signed a law allowing the seizure of foreign-owned aircraft in Russia. Many… Read More »
India’s Jet Airways secures $6.6mn loan to finance restart
Jet Airways (JAI, Mumbai Int’l) has secured a INR500 million rupee (USD6.6 million) unsecured inter-corporate deposit from Orion IT, a… Read More »
Australia’s Alliance Air refinances debt for E190 expansion
Alliance Airlines (QQ, Brisbane Int’l) has refinanced its debt facilities, due to expire in January 2022, allowing the airline access… Read More »
Florida’s Spirit Airlines cuts expenses by shifting finances
Spirit Airlines (NK, Fort Lauderdale Int’l) has announced that it entered into “a series of liability management transactions given the… Read More »
Air Seychelles initiates voluntary layoffs to ease finances
Air Seychelles (HM, Mahé) has begun a voluntary redundancy scheme, primarily targetting employees aged 55 and over, as it reevaluates… Read More »
Air India seeks $31mn loan to help refinance debt
Air India (AI, Mumbai Int’l) is seeking offers from domestic lenders to provide it with a one-year loan amounting to… Read More »
Atlas Air, Titan secure $500mn to finance more conversions
Atlas Air Worldwide Holdings and its subsidiary Titan Aviation Holdings have secured USD500 million through two separate financing agreements, they… Read More »
Lithuania’s Avion Express Enters Argentina with Flybondi Airbus A320 Deal
Avion Express has taken a significant step into South America by signing a wet-lease agreement with Argentina-based Flybondi for two… Read More »