Air Europa, the Spanish carrier, is preparing to settle its outstanding loan of $157 million this week, originally granted by the Instituto de Crédito Oficial (ICO) in May 2020. The loan had been extended as part of the Spanish government’s support package to help businesses during the COVID-19 pandemic, with Air Europa being one of the primary beneficiaries within the…
Plus Ultra Líneas Aéreas, a Spanish airline, is preparing to make its initial repayment of $19 million in 2026 towards the $54 million loan it received from Spain’s Sociedad Estatal de Participaciones Industriales (SEPI) during the COVID-19 pandemic.
Vietravel (Vietnam), a prominent travel and tourism company, has announced its plan to issue 28.6 million shares to the public in the coming months. This share offering is expected to generate approximately US$13.5 million in capital, which will be primarily used to repay outstanding loans and improve the company’s financial stability.
LOT Polish Airlines (Poland) has completed the repayment of the second tranche of its pandemic-era loan, transferring a total of US$108.6 million plus interest to the State. This repayment marks another significant step in LOT’s financial recovery following the challenges posed by the global COVID-19 pandemic.
Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
Fiji Airways has officially commenced repayment of a $33 million loan it received from the Fiji Development Bank four years ago. This milestone marks an important step in the airline’s financial recovery and underscores its commitment to maintaining financial stability amid industry challenges.
