Avolon Extends and Upsizes Credit Facility to $5.8 Billion

ByAdmin 02/12/202404/12/2024

Avolon (Ireland), a leading global aircraft leasing company, has announced a significant enhancement to its unsecured revolving credit facility. The facility, backed by a syndicate of 25 banks, has been upsized by $1 billion, bringing the total to $5.8 billion, and its maturity date has been extended by two and a half years, from April 2026 to October 2028.

In order to view the full content as well as having access to our archives and receiving the daily newsletter, please REGISTER .

Airlines | Countries | Financial | Governments | Privatization

Pakistan Finalizes PIA Privatization Auction for October 30 Amid Reforms

ByAdmin 29/10/202401/11/2024

The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….

Airbus | Airlines | Delivery | Fleet | Lessor

SMBC Aviation Capital Leases Three Airbus A220-300 Aircraft to Breeze Airways

ByAdmin 19/11/202420/11/2024

SMBC Aviation Capital, a leading aircraft leasing company based in Ireland, has entered into lease agreements with Breeze Airways, a U.S.-based airline, for three Airbus A220-300 aircraft. The delivery schedule is set to commence with the first two aircraft arriving in November and December 2024, followed by the final aircraft in early 2025.

Airlines | Financial | Loan

Asiana Airlines to Repay Loans Ahead of Schedule

ByAdmin 16/12/202417/12/2024

Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.

Airlines | Financial | Quarterly Performance

Avianca Reports $58 Million Net Profit for Q3 2024

ByAdmin 01/12/202404/12/2024

Avianca Group International (Colombia) has reported strong financial results for the third quarter of 2024, posting a net profit of $58 million. The airline also saw a 17.6% increase in total operating revenues, reaching $1.3 billion, and ended the quarter with a robust cash position of $1.1 billion.

Airlines | Financial | Quarterly Performance

EVA Air Reports Strong Q3 2024 Financial Results

ByAdmin 17/11/202419/11/2024

EVA Air, a leading airline based in Taiwan, has reported impressive financial results for Q3 2024, showcasing significant growth in both revenue and net income. The airline’s revenue increased by 7.3% year-over-year to reach $1.76 billion, while its net income surged by 51%, totaling $276.3 million. These results underscore EVA Air’s strong operational performance and effective cost management strategies.

Financial

Fitch Assigns ‘BB-’ Rating to Houston Revenue Bonds Backed by United Airlines

ByAdmin 12/11/202413/11/2024

Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet…

Similar Posts