Virgin Atlantic has entered a financing arrangement in which it mortgaged part of its slot portfolio at London Heathrow for $330 million, drawing scrutiny from UK aviation regulators and government authorities. The financing move was reportedly designed to fund shareholder dividends, in particular payments to U.S. partner Delta Air Lines.
Vietnam Airlines has reported a consolidated profit exceeding $191 million for the first half of fiscal year 2025, signaling a strong operational recovery. The airline now plans a two-phase capital increase strategy aimed at reducing state ownership and reinforcing its financial base to support future growth.
Vietravel Airlines, a Vietnamese carrier operating under the tourism-focused Vietravel Group, has received formal approval from its shareholders to increase its charter capital to $100 million. This significant move aims to bolster the airline’s financial foundation and support expansion efforts amid the region’s ongoing aviation recovery.
Air Canada has released preliminary results for its recently concluded substantial issuer bid, part of its ongoing efforts to enhance shareholder value and optimize capital structure. The airline had invited shareholders to tender their Class A Variable Voting Shares and Class B Voting Shares, offering to buy back up to $436 million worth of shares at prices ranging from $13.40 to…
Sun PhuQuoc Airways, a Vietnamese carrier backed by Sun Group, is set to receive a fresh equity contribution of $38 million from its parent company. This capital injection is part of a broader $95.9 million investment plan for a long-term aviation project with a 50-year horizon, aimed at strengthening the airline’s position in the Vietnamese and regional market.
flynas, Saudi Arabia’s leading low-cost airline, has officially begun trading its shares on the Riyadh stock exchange, marking a significant milestone in its growth trajectory and the development of the Kingdom’s aviation sector. The public market debut places the airline’s valuation at approximately $3.65 billion, a reflection of investor confidence and the company’s strong position in the…
Norse Atlantic, a long-haul low-cost carrier based in Norway, has entered into a $20 million bank overdraft facilityagreement with Nordea Bank, one of the leading financial institutions in the Nordic region. The facility comes with a maturity date of 30 April 2026, offering the airline an additional financial cushion amid growth and operational scaling.
Air Cambodia is reportedly in the early stages of exploring a potential Initial Public Offering (IPO). The announcement indicates that discussions have been initiated but remain preliminary, with no firm timeline or financial structure yet disclosed.
WestJet, one of Canada’s largest airlines, is considering an initial public offering (IPO) as part of its long-term strategic roadmap. The update was shared by Onex Corporation, the airline’s parent company, which has described a public offering as a “natural path” for the airline’s continued evolution and expansion.
Transat AT, a Canadian leisure airline and tour operator, has entered into an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) to restructure the significant debt it incurred during the COVID-19 pandemic. The debt was provided under the Large Enterprise Emergency Funding Facility (LEEFF)program, which was launched to assist major Canadian companies affected by the crisis.
