Transat AT, a Canadian leisure airline and tour operator, has entered into an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) to restructure the significant debt it incurred during the COVID-19 pandemic. The debt was provided under the Large Enterprise Emergency Funding Facility (LEEFF)program, which was launched to assist major Canadian companies affected by the crisis.
Phoenix Aviation Capital, an Ireland-based aircraft leasing and finance company, has successfully closed a $300 million senior secured credit facility, reinforcing its financial capacity to support existing and future aviation asset transactions. The deal marks a strategic milestone as the company continues to expand its presence in the global aircraft leasing market.
Delta Air Lines, one of the leading U.S. carriers, has successfully completed a $2.0 billion public offering of unsecured notes. The move is part of the airline’s broader financial strategy to enhance liquidity and support long-term capital needs.
AerCap, the world’s largest aircraft lessor, has been awarded over $1 billion by a UK High Court ruling, which found that insurers are obligated to cover losses related to aircraft stranded in Russia. The case stemmed from the aftermath of sanctions and countermeasures that left hundreds of leased aircraft unable to be repossessed by Western lessors following the invasion of…
Caribbean Airlines has encountered serious financial difficulties, with Prime Minister Kamla Persad-Bissessar revealing that the airline’s previous board had misrepresented its economic condition to the country. This revelation underscores the depth of the carrier’s financial challenges and the apparent lack of transparency in its management.
AerDragon Aviation Leasing Company of China has entered into a significant financial transaction by securing a US$200 million debut unsecured syndicated facility. This three-year facility marks the company’s first foray into syndicated financing, providing a strategic boost for its leasing operations.
Grupo SATA (Portugal) has disclosed its 2024 financial results, highlighting significant challenges faced by both Azores Airlines and SATA Air Acores. Azores Airlines ended the year with a net loss of $81.1 million on revenues of $382.9 million, while SATA Air Acores reported a negative result of $13.2 million with revenues around $68.3 million.
GOL (Brazil) has announced that following a recent capitalization initiative, its common and preferred stock is now 80%owned by its parent company, Abra Group (UK). This move consolidates Abra Group’s position as the controlling stakeholder in the Brazilian carrier, strengthening its influence over GOL’s operations and future strategy.
Air India has reported impressive revenue growth for the fiscal year 2025, with revenues climbing nearly 14% to reach $7.1 billion. This marks a substantial increase for the Indian flag carrier, which also posted an operating profit during this period.
Willis Lease Finance (US) has announced that its subsidiary, Willis Engine Structured Trust VIII, has successfully priced $524 million in aggregate principal amount of Series A Fixed Rate Notes and $72 million in Series B Fixed Rate Notes.
