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.
Thai Airways International has commenced the Voluntary Debt-to-Equity Conversion period for its creditors, effective November 18, 2024. This initiative is a pivotal component of the airline’s ongoing business rehabilitation plan, aiming to strengthen its financial structure and enhance operational stability.
The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…
Motu Link Airline, a new carrier based in French Polynesia, is preparing for its planned early 2025 launch by seeking $3.4 million to fund the purchase of its first aircraft, an ATR72-500F. This funding will be raised through a bond loan, amortizable over a period of 90 months at an 11% interest rate. The ATR72-500F, a reliable model suited for regional operations, will be the…
The Azores parliamentary group has requested clarification from the Regional Government concerning a $3 million debt incurred by SATA from a wet lease agreement involving an Airbus A330 from Hi Fly, a Portuguese airline. This debt, which the parliamentary group attributes to SATA’s previous management decisions, has become a significant point of contention in the region. Recently, a court ruling favored both Hi Fly and AELF Aircraft Engine Lease…
