Vietnam Airlines has received regulatory approval to issue 900 million additional shares to the public, a move that will raise its charter capital by $344 million, bringing the total to approximately $1.2 billion. This capital injection is part of a broader financial restructuring effort aimed at strengthening the airline’s balance sheet following pandemic-related challenges.
LATAM Airlines Group and Delta Air Lines have officially announced the expansion of their trans-American joint venture (JV) to include Argentina. This integration marks a significant milestone in the partnership, aiming to further consolidate the connectivity between North and South America through coordinated operations, schedules, and commercial efforts.
Flynas of Saudi Arabia and Gulf Air of Bahrain have officially launched a reciprocal codeshare partnership, aiming to strengthen regional connectivity and offer greater travel flexibility across their networks. The agreement marks a strategic alignment between two of the Gulf region’s prominent carriers.
VietJet, the Vietnamese low-cost airline, has announced the appointment of Nguyen Thanh Son as its new Managing Director, effective immediately. He takes over the executive position from Dinh Viet Phuong, as the airline continues to strengthen its leadership team to support its long-term growth strategy.
Tunisair, the national airline of Tunisia, is undergoing a major governance shakeup as the government dismissed chairman Habib Mekki and implemented leadership changes across the organization. The move comes in response to persistent issues including corruption allegations, flight disruptions, and declining operational performance, prompting closer state monitoring of the airline.
Thai Airways International is reportedly evaluating a major fleet expansion plan that could include the purchase of up to 80 Boeing aircraft, contingent upon the finalization of a tariff agreement between Thailand and the United States. This potential deal signals a significant pivot in Thai Airways’ long-term strategy, as it seeks to modernize its fleet and boost operational…
TAP SGPS, the Portuguese airline group, is facing potential legal enforcement action after failing to repay $177 million owed to Azul Linhas Aéreas Brasileiras (Brazil). The debt relates to bonds issued in 2016 that were subscribed by Azul as part of a strategic investment agreement. TAP’s failure to meet the repayment deadline has now shifted control of the matter to the common representative of…
SriLankan Airlines has engaged Lazard Freres (France) as its financial adviser and Norton Rose Fulbright (UK) as its legal adviser to navigate a complex restructuring of its 2024 bonds, valued at approximately $209 million. The move comes amid mounting financial strain on the national carrier, which has struggled with ongoing losses and rising debt obligations.
SKY Airline, a prominent low-cost carrier in Chile, is currently engaged in negotiations with bondholder Abra Group (UK) concerning its $100 million bond, which matures in Q4 2026. The bond includes a conversion option, allowing Abra to turn the debt into a 40% ownership stake in SKY. These talks could have major implications for the airline’s future ownership structure and financial independence.
Garuda Indonesia, the national carrier of Indonesia, has taken decisive steps toward financial recovery and long-term growth by approving the next phase of its restructuring plan, which includes a board reshuffle aimed at expediting strategic execution. Shareholders have endorsed this critical step to improve governance and enhance the airline’s competitiveness as it works to stabilize its balance sheet and…
