Debt

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 (VA). The lessor stated that a preliminary proof of debt claim against the airline amounts to almost $75 million which includes outstanding lease liabilities and compensation for unpaid end-of-lease return maintenance services....


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 $27 million (Rs 200 crore) for outstanding leasing agreements of six Boeing 737 aircraft....


Ryanair sells €850 million bond, the first in three years

Irish budget airline Ryanair sold €850 million bond, its first since 2017. The low-cost carrier’s bond sale indicates that European debt markets are slowly reopening to airlines, which have withstood the initial COVID-19 kick....


Lessor loses patience: AirAsia X sued for $23 million

Airline leasing company BOC Aviation has filed a claim at the London court against AirAsia X and its wholly-owned subsidiary AXX Leasing Two for $23 million, claiming outstanding liabilities. The filed lawsuit for alleged breach of a contract among the companies might highly affect the airline’s financial stability as travel restrictions have already hit AirAsia X hard.  ...


An increasing debt that won't be sustainable for a long time

Three months after the lockdown was announced all over the world, what is the current situation of civil aviation?Several companies - gradually - restart their commercial routes, choosing among the mo...


Dear Vueling, Love Passengers Instead Of Places

There are good airlines, and there are some that could work harder for their passengers. Unfortunately, Vueling falls among the latter ones. In 2018, 2883 flights by the Spanish carrier were cancelled...


Airlines: why EU law is desperate fighting against the €8 B debt

Over the last 25 years air travel in Europe has become cheaper, safer and bigger. Air passenger numbers increased by 558 million and today there are almost eight times as many routes as there were in...


VIM-Avia faces $20.6 million debt claims after flight termination

VIM-Avia's lenders and counterparties filed a total of 65 claims against the airline estimated to be worth $20.6 million....