Surf Air Mobility, a U.S.-based aviation company, has formally entered into definitive agreements for a significant fundraising effort through a registered direct offering. This strategic financial maneuver involves the sale of 2 million shares of its common stock, aiming to raise a total of $5 million.
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VoePass (Brazil) has successfully obtained temporary court protection, preventing the seizure of aircraft and creditor collection efforts for 60 days. This legal safeguard allows the airline to restructure its financial obligations and work toward stabilizing operations.
Morningstar DBRS, one of the leading credit rating agencies, has announced the assignment of provisional credit ratings to notes issued by AASET 2024-2, a securitization transaction.
Frontier Airlines has released its quarterly earnings report, indicating notable revenue growth attributed to rising passenger numbers and operational enhancements.
Delta Air Lines has filed a $500 million lawsuit against cybersecurity provider CrowdStrike, accusing the company of breach of contract and negligence after a major outage in July 2024 led to the cancellation of 7,000 flights and disrupted operations across millions of Delta’s computer systems.
Aircastle (US) has completed the delivery of its first Boeing 737-9 MAX to United Airlines (US), marking the start of a series of six planned deliveries in 2024 and 2025. This aircraft is the first of the new MAX 9s that will join United’s growing fleet as part of its ongoing modernization and expansion efforts.
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…
