Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.
Volofin Capital Management (UK) has successfully closed its inaugural aircraft loan asset-backed securitization (ABS), marking a significant milestone in its financial operations. The securitization, named VFIN 2024-1, involved the issuance of approximately US$534 million in notes.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
LATAM Airlines Group, based in Chile, has signed its first-ever Sustainability-Linked Loan (SLL), securing financing of $300 million. The agreement was signed with Crédit Agricole CIB and BNP Paribas, both headquartered in France. This milestone marks a significant step in LATAM’s commitment to achieving its environmental, social, and governance (ESG) objectives.
Air Marshall Islands (AMI) has secured a preferential loan from Taiwan to facilitate the acquisition of new aircraft, aiming to enhance inter-island connectivity and modernize its fleet. The announcement was made during Taiwanese President Lai Ching-te’s visit to the Marshall Islands, where he addressed the nation’s parliament and reaffirmed the strong bilateral relations between the two countries.
Spirit AeroSystems and Boeing are close to finalizing a funding agreement aimed at providing a critical cash lifeline for Spirit, which has been facing significant financial challenges. The funding comes as Spirit AeroSystems anticipates a cash burn of approximately $450-500 million over the last quarter of 2024 and the first half of 2025. The deal reflects Boeing’s ongoing efforts to support its…
Gevo, a leading sustainable aviation fuel (SAF) producer in the United States, has secured a conditional loan guarantee of $1.46 billion from the US Department of Energy (DOE) Loan Programs Office. This funding commitment is aimed at supporting Gevo’s Net-Zero 1 SAF project in South Dakota, a key initiative in the company’s efforts to produce…
Aviation Capital Group LLC (ACG), a leading global full-service aircraft asset manager, has announced the successful closing of its inaugural sustainability-linked loan, amounting to $550 million. This senior unsecured term loan, maturing in October 2027, includes an accordion feature that allows ACG to request up to an additional $300 million in lender commitments.
Eve Air Mobility, an Embraer subsidiary, recently announced a new $50 million bank loan to support the continued development of its electric vertical take-off and landing (eVTOL) aircraft. This funding aligns with Eve’s focus on transforming urban air mobility by creating sustainable, zero-emission transport options for congested cities. The loan will enhance Eve’s ability to…
