BNDES (Brazilian Development Bank) has approved $182 million in financing for the export of eight Embraer E2 jets to Azorra, a US-based leasing company. Deliveries are scheduled to take place between December 2024 and 2025, showcasing the ongoing collaboration between Brazilian manufacturers and global operators.
HNA Holdings (China) has announced plans to settle outstanding debts with several of its affiliated entities, including Tianjin Airlines, Capital Airlines, Suparna Airlines, West Air, Deer Jet, Tianjin Cargo, and Grand China Air. The settlement will involve the use of assets from these affiliates to address their financial obligations.
Air Nostrum (Spain) has announced its inability to meet upcoming debt repayment deadlines, prompting discussions with the Sociedad Estatal de Participaciones Industriales (SEPI) and the Instituto de Crédito Oficial (ICO). The airline faces significant financial obligations, including substantial repayments spread over the coming years.
GOL Linhas Aéreas, Brazil’s largest low-cost airline, has reached a significant agreement to reduce its liabilities to the Brazilian government by $750 million, cutting the total amount owed to $250 million. This development marks a crucial step in the airline’s efforts to secure a stable financial future and emerge successfully from bankruptcy proceedings.
TAROM, the national carrier of Romania, has officially cleared its $23.7 million debt to the Romanian State, according to the National Agency for Fiscal Administration (ANAF). This development marks a significant step in the airline’s financial recovery and ongoing efforts to stabilize its operations.
El Al (Israel) has secured a $120 million loan from a financing consortium led by Hapoalim (Israel) to fund the purchase of its 17th Boeing 787. This financing milestone reflects El Al’s continued commitment to modernizing its fleet with advanced and fuel-efficient aircraft.
China Eastern Airlines has announced the successful raising of $691 million in perpetual debt financing from its controlling shareholder, China Eastern Airlines Group Co. The debt carries an annual interest rate of 2.20%, providing the airline with a flexible financial instrument to support its operations and growth initiatives.
Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth.
Boeing has issued a prospectus for an exchange offer of senior notes worth up to $8 billion. This initiative is part of the company’s financial strategy to manage its outstanding debt obligations and optimize its capital structure.
Spirit Airlines, a prominent U.S.-based carrier, has announced a restructuring support agreement (RSA) as part of a comprehensive plan to strengthen its balance sheet and streamline operations. The agreement has received backing from a supermajority of Spirit’s loyalty and convertible bondholders, paving the way for significant financial restructuring.
