#lessor

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....


Malaysia Airlines CEO warns: operator’s survival in doubt

Malaysia Aviation Group (MAG), the holding company of Malaysia Airlines, announced that the group would have “no choice” but to shut down operations if lessors chose not to back the airline’s restructuring plan. The company considered closure after its restructuring plan had been rejected by lessors on October 9, 2020....


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 be unable to fulfill the obligations to its lessors....


Aviation PLC to acquire Airbus A330-300

The commercial passenger aircraft leasing company Avation PLC (AVAP) has announced that it has agreed to acquire one Airbus A330-300. ...