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.
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Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
AirAsia Aviation Group, based in Malaysia, is in the advanced stages of finalizing a significant financial agreement that involves securing up to US$226 million in debt financing. This strategic financial move is being facilitated by an undisclosed domestic bank, with the primary aim of refinancing the group’s existing US dollar-denominated debt and allocating funds for various corporate…
In a move to enhance financial flexibility, Alaska Air Group, through its subsidiary AS Mileage Plan IP, successfully issued $1.25 billion in senior secured notes.
The Irish High Court has issued a temporary suspension on the Irish Aviation Authority‘s (IAA) decision to impose a passenger seat cap at Dublin Airport for the upcoming 2025 summer season. This seat cap, aimed at limiting airport traffic, was challenged by major airlines, including Ryanair and Aer Lingus, who argued that it would negatively…
Deucalion Aviation, a UK-based aircraft asset manager and lessor, has announced the successful delivery of a second Airbus A321 aircraft to Turkish Airlines under a long-term operating lease agreement. The aircraft, manufactured in 2014, is powered by IAE V2527-A5 engines and joins Turkish Airlines’ growing narrowbody fleet as part of its network expansion strategy.
GOL Linhas Aéreas Inteligentes, the Brazilian low-cost airline, has indicated that it may delay its planned exit from Chapter 11 bankruptcy proceedings in the United States unless it is able to secure the full $1.9 billion in required funding by May 15, 2025. To date, the airline has successfully secured $1.25 billion in investor commitments, leaving a funding gap…
