Cash-strapped Zambia proceeds with presidential jet order
Despite the country teetering on the brink of bankruptcy, Zambia is to go ahead with the purchase of a new… Read More »
Havana, Cuba reopens in time for high season
Cuba’s Havana Int’l airport is to re-open to regular commercial flights on November 15 after being closed for seven and… Read More »
Virgin Australia shares cleared for transfer to Bain
The sale of Virgin Australia Holdings to Bain Capital took another step forward on November 10 when the Federal Court… Read More »
Canada’s Porter Airlines postpones restart to mid-1Q21
Canadian regional carrier Porter Airlines (PD, Toronto City Centre) has postponed its restart date again, this time to February 11,… Read More »
Brussels Airlines to speed up restructuring in time for 2021
Brussels Airlines (SN, Brussels National) will accelerate its restructuring efforts under the Reboot Plus moniker, which will now be 90%… Read More »
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 »
United returns to JFK, ups state loan to $7.16bn
United Airlines (UA, Chicago O’Hare) has announced its intention to return to New York JFK on February 1, 2021, with… Read More »
Interjet investor leaves, tension with Mexican gov’t deepens
Former banker Carlos Cabal Peniche has withdrawn from Interjet (4O, Toluca), together with a USD150 million investment promised in July… Read More »