Vietravel to Offer 28.6 Million Shares to Raise Capital

Vietravel (Vietnam), a prominent travel and tourism company, has announced its plan to issue 28.6 million shares to the public in the coming months. This share offering is expected to generate approximately US$13.5 million in capital, which will be primarily used to repay outstanding loans and improve the company’s financial stability.

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Avianca Midco 2 Offers Note Exchange for Senior Secured Notes

Avianca Group International‘s subsidiary, Avianca Midco 2, has officially announced an offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes for newly issued 9.000% Senior Secured Notes, both maturing in 2028. This exchange aims to provide enhanced financial flexibility and optimize the company’s capital structure.

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Play Airlines to End Canada Flights in April 2025

Play Airlines has announced that it will cease its operations to Canada by late April 2025. The last scheduled flight will depart from Hamilton International Airport to the airline’s home base in Reykjavik, Iceland. This marks a strategic shift for the Icelandic low-cost carrier, which has been operating Canadian routes as part of its transatlantic network.