Avolon Holdings (Ireland) has announced the early results of its previously launched debt tender offer, with the offer being upsized by 50% to US$1.2 billion. The decision to increase the tender offer reflects robust investor interest and the strong demand for Avolon’s debt instruments.
Mozambique’s Ministry of Finance has revealed that Aeroportos de Mozambique and the national airline LAM (Linhas Aéreas de Moçambique) together account for nearly $400 million in public debt, representing approximately half of the total liabilities held by Mozambique’s State Business Sector.
SEBC Aviation Leasing, headquartered in Denmark, has revealed it is owed approximately $10.6 million by Runway Leasing, also based in Denmark. The outstanding payment relates to the sale of three Embraer E195 aircraft that were previously operated by Great Dane Airlines.
Avolon, the Dublin-based aircraft leasing company, has initiated a debt tender offer for several series of its outstanding notes. The offer, which commenced on 19 May 2025, seeks to repurchase up to $800 million in aggregate principal amount of these notes. The strategic move is aimed at optimizing the company’s capital structure and reducing outstanding debt obligations under favorable market…
Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.
Spain’s Popular Party (PP) has launched a coordinated political campaign in Ibiza’s city councils and the Island Council of the Balearic Islands, calling on the Spanish government to immediately settle an estimated $913 million debt owed to airlines. The unpaid amount relates to resident travel discounts that carriers have already provided but not yet been reimbursed for.
Azul, one of Brazil’s largest airlines, has obtained a fresh round of funding totaling approximately US$106 million from its existing bondholders. This infusion supports the airline’s ongoing financial restructuring and reinforces its short-term liquidity amid a challenging macroeconomic environment for Latin American carriers.
Azul has announced a significant change in its capital structure through the conversion of 35% of notes due in 2029 and 2030 into preferred shares, as part of a broader capital increase initiative. The move aims to improve the airline’s balance sheet and reduce debt burdens in the face of continued financial pressures across the Brazilian aviation sector.
Rex Airlines, a prominent regional carrier in Australia, has successfully utilized the proceeds from the recent sale of its non-core assets to address its financial obligations comprehensively. The airline confirmed that it has used these funds to fully repay the debt owed to PAGAC Regulus Holding, a Singapore-based investment firm.
Virgin Atlantic, the UK-based international airline, has released its financial results for 2024, showcasing a year of profitability and financial health. The airline reported total revenues of US$4.2 billion and a Profit Before Tax and Exceptional Items of $25.8 million.
