KDB Industrial Bank, a leading South Korean state-owned financial institution, has confirmed its intention to divest its 10.58% equity stake in Hanjin KAL, the parent company of Korean Air, once the pending merger between Korean Air and Asiana Airlines reaches its conclusion. The earliest timeline for this divestment is projected to be late 2026, depending on regulatory approvals and finalization of the…
LATAM Airlines Group, the largest airline group in Latin America, has announced that certain of its shareholders have initiated a public offering of 10 million American Depositary Shares (ADSs), with each ADS representing 2,000 common shares. The move is designed to improve shareholder liquidity and broaden LATAM’s exposure to international investors, particularly in North American capital markets.
Aircastle, a global aircraft leasing company based in the United States, has finalized a significant financing arrangement with Mitsubishi UFJ Financial Group (MUFG) of Japan. The agreement includes a $600 million unsecured term loan, which is set to mature in April 2030, providing long-term support for Aircastle’s operational and strategic objectives.
Vietnam Airlines, the national flag carrier of Vietnam, has signed a memorandum of understanding (MOU) with ING, a Netherlands-based global financial institution, to secure funding of up to $1.5 billion. This significant agreement is part of the airline’s broader plan to finance strategic projects, modernize operations, and ensure long-term financial resilience.
Investec Aviation, a UK-based aviation finance specialist, has successfully completed a senior debt facility on behalf of Barings, a global investment management firm headquartered in the United States. The financing is tied to a portfolio of 12 end-of-life narrowbody aircraft, all of which are leased to multiple airline operators worldwide.
Avolon Holdings, a leading Irish aircraft leasing company, has had its credit outlook revised from stable to positive by S&P Global Ratings. The change applies to both the company’s issuer credit rating and its senior unsecured debt rating, which remain at BBB- but now carry a more optimistic future projection.
Maverick Horizon, a Dublin-based aviation investment and trading firm, has announced the appointment of Matvey Koloturskiy as Senior Vice President of Trading and Portfolio Development. Koloturskiy will also continue to serve in his existing role as Deputy CEO of the company’s parent, Vector Group, headquartered in Israel.
Aquila Air Capital, a U.S.-based aviation asset manager, has announced the appointment of Gary Lew as its new Chief Financial Officer (CFO). The move comes as the company continues to expand its aircraft leasing and trading operations amid sustained demand for efficient mid-life aircraft solutions.
Chorus Aviation, based in Canada, has concluded the final phase of its substantial issuer bid by repurchasing 471,319 shares at a price of US$15.10 per share, resulting in an aggregate purchase value of approximately $7.1 million. The buyback was conducted as part of the company’s capital return strategy to enhance shareholder value.
Addleshaw Goddard, a prominent UK-based law firm, has appointed Barbara Pansadoro as a Partner in its Finance & Projects group. Pansadoro will lead and expand the firm’s aviation finance offering, leveraging her extensive experience in structured finance and cross-border transactions.
