Kenya Airways has projected a decline in its 2025 financial year revenues, attributing the shortfall to the prolonged grounding of two Boeing 787-8 aircraft. The airline cites ongoing engine maintenance delays as the root cause, which has significantly impacted its available seat capacity and network performance.
Cargojet, a leading Canadian provider of time-sensitive air cargo services, has successfully completed the issuance of US$183 million in senior unsecured notes. The offering, announced earlier, was closed at a fixed interest rate of 4.599%, with a maturity date set for 2030. These notes are not backed by specific assets, indicating investor confidence in the company’s long-term creditworthiness.
Vietnam Airlines has disclosed in its 2024 consolidated financial report that it received a $4.1 billion loan from HSBC Vietnam Bank, with an interest rate of 7%. The loan reflects a significant financial move by the flag carrier as it continues efforts to recover from the pandemic’s long-term effects and stabilize its operations.
Fitch Ratings, one of the world’s major credit rating agencies, has affirmed the ‘A-’ Long-Term Issuer Default Ratings (IDRs) for AVIC Innovation Holding, a major Chinese aerospace conglomerate. The ratings apply to both the foreign- and local-currency IDRs and reflect the company’s robust credit profile. The Outlook remains Stable, indicating that Fitch does not expect any immediate changes in…
Ibom Air, a Nigerian-based airline, has reported impressive financial results for the year 2024, with revenue climbing by 43% to $62.1 million and a net profit of $4.4 million. This represents a significant milestone in the airline’s operational maturity and financial resilience, reflecting strong demand, strategic expansion, and improved cost control.
AIP Capital has entered into a strategic partnership with Monroe Capital to jointly pursue an aircraft leasing venture targeting a portfolio of up to $1 billion in aviation investments. This venture will focus on acquiring mid-life commercial aircraft that are on long-term leases to airlines across the globe, aiming to capture value in a segment often overlooked by larger lessors prioritizing new deliveries. To…
Vietnam Airlines has reported a consolidated profit exceeding $191 million for the first half of fiscal year 2025, signaling a strong operational recovery. The airline now plans a two-phase capital increase strategy aimed at reducing state ownership and reinforcing its financial base to support future growth.
Surf Air Mobility, a U.S.-based regional air mobility company, has entered into definitive agreements for the purchase and sale of 10.8 million shares of its common stock, valued at approximately $27 million, through a registered direct offering. This fundraising strategy provides immediate capital infusion and reflects the company’s ongoing expansion and capital market engagement plans.
Phoenix Aviation Capital, based in Ireland, has successfully closed its offering of $550 million in senior unsecured notes due 2030, carrying a fixed interest rate of 9.25%. The proceeds from this debt issuance will be used to repay existing indebtedness and support general corporate purposes, strengthening the company’s capital structure and liquidity position.
Azorra Finance is projected to receive a ‘BB-(EXP)’ credit rating from Fitch Ratings for its planned issuance of $500 million in senior unsecured notes. The final terms, including fixed interest rate and maturity date, are expected to be set at the time of the note issuance. The ‘EXP’ suffix signifies that the rating is currently expected and contingent upon the completion…
