latest
Government Provides Additional $47 Million Towards Kenya Airways' Debt
The government has settled approximately 50% of the guaranteed debt.
Tanzania's Precision Air Faces Legal Action Over $26 Million ATR 42 Debt
Canada's export credit agency is claiming $13 million for two aircraft.
Unable To Pay For Fuel Pakistan International Airlines Is Cutting Flights
Pakistan International Airlines' turmoil continues, as it cancels more flights due to unpaid fuel bills.
Cash Shortage Forces LAM Mozambique Subsidiary To Halt Flights
Mex operated its last Embraer 145 flight between Harare and Maputo on August 30.
Western Global Airlines Has Filed From Protection Against Bankruptcy
The airline’s CEO said the main priority is to preserve the value of the carrier and protect its employees.
Pakistani Aviation Minister Says PIA Could Suffer Nearly $1 Billion In Losses By 2030
PIA must privatize to avoid massive losses and to alleviate its debts, according to Pakistan's Aviation Minister.
More SpiceJet Aircraft Have Been Requested For Repossession
The airline's chairman and managing director continued to affirm the carrier will not file for insolvency.
Jet Airways CEO Resigns As Airline Remains Grounded
The Jalan-Kalrock Consortium has reiterated its commitment to relaunching the airline amid CEO-designate Sanjiv Kapoor's departure.
American Airlines' CFO Says $15 Billion Debt-Cutting Plan Is On Track
The airline is looking to reduce its total debt by $15 billion by the end of 2025.
SpiceJet Boosts Passenger Revenue By 33%
The low-cost carrier posted a net profit of $13 million for Q3 following a surge in passenger demand and ticket prices.
South African Airways Will Get Another $55 Million Bailout
This is nowhere near what is needed to cover the historic debt of the airline.
SriLankan Airlines Has Defaulted On Government Bonds Worth $175 Million
The carrier previously sought to defer its payments for December and June, though canceled the bondholder's meeting in January without reason.
Air France-KLM Issues Sustainability-Linked Bonds To Repay State Aid - What Does It Mean?
How is the airline industry embracing the sustainable finance market?
Spirit Airlines To Raise $600 Million In New Debt
The airline is using its loyalty program to secure new lines of credit.
Foreign Airlines Now Have $700 Million Trapped In Nigeria
The figure has already doubled since September and is expected to increase further amid Nigeria's foreign currency shortage.
Norway To Convert Debt Holding Into SAS Equity
Norway's government won't remain a shareholder in the long term.
SAS Won't Receive Any More Cash From Sweden
The Swedish Government will support the conversion of debt to shares in the airline but will not inject any more cash into the Scandinavian carrier.
-F-GSQK-(2)-1.jpg?q=50&fit=crop&w=680&h=480&dpr=1.5)
Air France-KLM Will Raise $2.4 Billion From Selling New Shares
The transaction aims to strengthen the airline's equity and balance sheet.