Browsing Tag
debt
13 articles
News about debt in the aviation industry. Stay informed about financial challenges, loan agreements, and the impact of debt on airlines and other stakeholders.
Blue Air Boeing 737 seized by Romanian tax authority due to unpaid debts
A Boeing 737 operated by Romanian low-cost carrier Blue Air has been seized by the country tax authority,…
Air France-KLM repays €1bn of outstanding state-backed loan
Air France-KLM announced the early repayment of €1 billion of the €3.5 billion outstanding on its French state-backed…
Nigeria CAA orders local airlines to repay N45bn debt or face license suspension
The Nigeria Civil Aviation Authority (NCAA) ordered local Nigerian airlines to begin the repayment of debt to regulators…
KLM repays final €277 million of Dutch government COVID-19 loans
KLM Royal Dutch Airlines has announced that it will be repaying the final €277 million portion of loans…
Australian carrier Qantas to sell land for US$595 million to ease pandemic debt
Australian flag carrier Qantas announced on October 15, 2021 that it had entered into a binding agreement with…
Air France-KLM finds way to refinance outstanding debt
Air France-KLM has successfully placed a note issue of €800 million which proceeds the airline group plans to…
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…
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…
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…
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…
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…
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…
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…