SMBC Aviation Capital has finalized a dual-tranche unsecured global syndicated banking facility totaling $2 billion, strengthening its funding position ahead of the Sumisho Air Lease transaction.
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SpiceJet, one of India’s prominent budget airlines, has announced a significant financial turnaround in its fourth quarter of fiscal year 2025, recording a profit after tax of $37.8 million. This figure marks a 173% increase compared to the previous period, underscoring a robust recovery in profitability despite declining revenues.
Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.
Cargo Aircraft Management, a subsidiary of Air Transport Services Group (ATSG), has announced its intention to fully redeem all $700 million in aggregate principal amount of its outstanding 2028 Notes. This financial maneuver is scheduled for April 11, 2025, and is subject to the successful completion of the merger between ATSG and Stonepeak Nile MergerCo.
Spirit Aviation Holdings (US), the parent company of Spirit Airlines, has announced that Spirit Airlines has successfully completed its financial restructuring, marking a significant step in stabilizing its financial position and reducing debt obligations. The airline converted approximately $795 million of funded debt into equity, significantly lowering its leverage and improving its financial flexibility.
China Southern Airlines, one of the largest carriers in Asia, has disclosed its financial results for 2024, highlighting a net loss of US$244 million. Despite the loss, the airline saw a notable increase in revenue, which grew by 8.9% to $23.9 billion.
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…
