Avation PLC, a Singapore-based aircraft leasing company, has announced the repurchase of $3 million in face value of its Avation Capital Senior PIK Toggle Notes due 2026, issued under its global Medium Term Note (MTN) program. Following the cancellation of these notes, the remaining outstanding amount now stands at $326.5 million.
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Scoot, the low-cost arm of the Singapore Airlines Group, has announced two exciting additions to its route network. The airline will launch flights from Singapore to Vienna starting on June 3, 2024, operated by the Boeing 787-8 Dreamliner, and flights to Iloilo City in the Philippines on April 14, 2025, served by the Embraer E190-E2.
The Board of Directors of LATAM Airlines Group, headquartered in Chile, has agreed to propose a substantial dividend payment totaling US$293 million, scheduled to be distributed on 22 April 2025.
Avolon Holdings, the Ireland-based aircraft leasing company, has successfully raised $1 billion through a new unsecured dual-tranche bank facility, sourced from a syndicate of six major banks in the Middle East. The facility is structured with both conventional and Islamic finance tranches, tailored to meet the diverse financial frameworks of its participating lenders.
Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has announced an agreement to acquire an Airbus A320 aircraft currently leased to Etihad Airways. This strategic acquisition is expected to finalize in March 2025, subject to customary closing conditions, and is set to enhance Avation’s narrow-body aircraft portfolio while diversifying its revenue streams.
GOL Airlines, a major Brazilian carrier, has reported its financial results for the year 2024, showing a mixed financial performance with a slight increase in total net revenue and a substantial net loss. The airline’s total net revenue for the year was up by 1.9%, reaching US$3.3 billion, while the net loss for the year stood at $1.0…
Singapore Airlines and ANA All Nippon Airways have been granted conditional approval by the Competition and Consumer Commission of Singapore (CCCS) for their Proposed Commercial Cooperation. This approval marks a significant step forward in formalizing the strategic partnership between the two leading airlines.
