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.
Nepal Airlines has continued to reduce its outstanding aircraft debt with the repayment of an additional $3.9 million, bringing its total loan repayments to $545 million. These repayments relate to loans obtained from the airline’s employee fund for the acquisition of four aircraft.
Vietnam Airlines has taken a significant step in strengthening its financial position by signing a Memorandum of Understanding (MOU) with Citibank (US), securing a funding commitment exceeding US$560 million. The capital injection is aimed at supporting the airline’s long-term strategic investment initiatives, which include fleet renewal, modernization efforts, and infrastructure development.
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
Bocomm Leasing, a leading Chinese leasing company, has successfully closed its first offshore RMB aircraft finance leasing deal. This milestone was achieved through its Irish subsidiary, culminating in the delivery of an Airbus A350-900 to Korean Air in late December 2024.
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
Norse Atlantic Airways, a Norway-based long-haul low-cost carrier, has successfully raised $8.7 million in gross proceeds through a private placement. The placement involved the issuance of 19.2 million new shares, directed towards B T Larsen & Co (Cyprus). The capital increase has been formally registered, marking a key step in bolstering the airline’s financial stability and funding future operational goals.
