Virgin Australia has $75 million unpaid dues, lessor claims
Aviation PLC (AVAP), a Singapore-based commercial passenger aircraft leasing company, made financial claims on its debtor Virgin Australia…
Aviation Economics & Finance
1010 articles
Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Malaysian AirAsia secures $72 million loan
AirAsia Group, a Malaysia-based investment holding company, secured a $72 million loan from Sabah Development Bank Berhad and…
American Airlines posts $2.4 billion net loss, cuts cash burn
American Airlines Group, the holding company of American Airlines (A1G) (AAL) (AA), announced a $2.4 billion loss in…
IAG reports €1.3 billion loss, continues to cut capacity
International Consolidated Airlines Group (IAG), a holding company of British Airways (BA), reported preliminary financial results for the…
Heavy losses weaken Qatar Airways: state to inject $2 billion
Qatar Airways announced it will receive $2 billion (RM8.3 billion) in state aid after suffering significant annual losses…
Nordica receives approval for €30 million state-aid package
Nordica, the national air carrier of Estonia, received approval for governmental support which would include a state-guaranteed loan…
AirAsia Philippines looks for contributor to secure fresh capital
Ricky Isla, the CEO of AirAsia Philippines, the Philippine affiliate air carrier of AirAsia Group, announced that the…
Lufthansa suffers €1.26 billion loss, expects more
Deutsche Lufthansa (LHAB) (LHA), the largest German airline, reported an operating loss of €1.26 billion in the third…
Rescue of Eastern Airlines: China-owned entities to inject $4.6B
China Eastern Airlines (CIAH) (CEA) will receive a financial injection of $4.6 billion (¥31 billion) from four different…
SpiceJet sued over unpaid leasing dues for more than $27 million
BOC Aviation and Wilmington Trust Services, two Ireland-based companies, sued SpiceJet, an Indian budget airline, for more than…
Government denies approving $242 million loan to AirAsia Group
The Malaysian Ministry of Finance denied a media report claiming that the government of the country has granted…
WTO authorizes EU to impose $4 billion annual tariffs on U.S.
The World Trade Organization (WTO) has authorized the European Union to impose tariffs on the United States (U.S.)…
Investors take up British Airways parent shares for €2.75 billion
British Airways parent company International Airlines Group (IAG) (IAG) has raised €2.75 billion after placing new shares to…
Malaysia Airlines Group reportedly running out of cash
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, is running out of cash and likely would…
Romania’s air carrier TAROM to get €19.3 million state aid
The European (EU) Commission has approved the state aid of €19.3 million (RON94 million) for TAROM, the Romanian…
Avianca gets approval for $2 billion financing package
The Colombian airline Avianca (AVHOQ) announced that the U.S Bankruptcy Court approved its financing plan for over…
AirAsia X to escape liquidation by restructuring $15.3B debt
AirAsia X, a long-haul subsidiary of AirAsia Group, announced its $15.3 billion debt restructuring scheme as a measure…
Airbus looking for alternative ways to limit job cuts?
Airbus announced it considers a possible way to keep its employees and limit job losses. The European manufacturer…