Air Mauritius, facing ongoing financial difficulties, is in urgent need of an equity cash injection, according to its newly appointed chairman, Kremchand Beegoo. The airline is actively working to assess its financial standing, restructure its ownership model, and convince shareholders to support its recovery.
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Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.
Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Avianca, Colombia’s flagship airline, has announced the appointment of Nicolas Alvear Velastegui as the Group’s new Chief Financial Officer (CFO). Alvear Velastegui is set to take office on 1 January 2025, bringing his extensive financial expertise to Avianca as the airline pursues strategic initiatives aimed at enhancing financial stability and operational growth. His appointment highlights Avianca’s commitment to reinforcing…
Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…
IndiGo, India’s largest airline by market share, has taken delivery of a leased Airbus A320, identified by serial number 4438. The aircraft is equipped with CFM56-5B4/3 engines, known for their reliability and efficiency, further enhancing IndiGo’s growing fleet.
Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.
Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Avianca, Colombia’s flagship airline, has announced the appointment of Nicolas Alvear Velastegui as the Group’s new Chief Financial Officer (CFO). Alvear Velastegui is set to take office on 1 January 2025, bringing his extensive financial expertise to Avianca as the airline pursues strategic initiatives aimed at enhancing financial stability and operational growth. His appointment highlights Avianca’s commitment to reinforcing…
Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…
IndiGo, India’s largest airline by market share, has taken delivery of a leased Airbus A320, identified by serial number 4438. The aircraft is equipped with CFM56-5B4/3 engines, known for their reliability and efficiency, further enhancing IndiGo’s growing fleet.
Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.
Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Avianca, Colombia’s flagship airline, has announced the appointment of Nicolas Alvear Velastegui as the Group’s new Chief Financial Officer (CFO). Alvear Velastegui is set to take office on 1 January 2025, bringing his extensive financial expertise to Avianca as the airline pursues strategic initiatives aimed at enhancing financial stability and operational growth. His appointment highlights Avianca’s commitment to reinforcing…
Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…
IndiGo, India’s largest airline by market share, has taken delivery of a leased Airbus A320, identified by serial number 4438. The aircraft is equipped with CFM56-5B4/3 engines, known for their reliability and efficiency, further enhancing IndiGo’s growing fleet.
