Phoenix Aviation Capital, based in Ireland, has successfully closed its offering of $550 million in senior unsecured notes due 2030, carrying a fixed interest rate of 9.25%. The proceeds from this debt issuance will be used to repay existing indebtedness and support general corporate purposes, strengthening the company’s capital structure and liquidity position.
Azorra Finance is projected to receive a ‘BB-(EXP)’ credit rating from Fitch Ratings for its planned issuance of $500 million in senior unsecured notes. The final terms, including fixed interest rate and maturity date, are expected to be set at the time of the note issuance. The ‘EXP’ suffix signifies that the rating is currently expected and contingent upon the completion…
Virgin Australia has officially marked its return to the Australian Securities Exchange (ASX) following a successful initial public offering (IPO) that raised $439 million, signaling a major step in the airline’s post-restructuring comeback. This IPO marks the airline’s second listing after its 2020 voluntary administration and subsequent ownership change under Bain Capital.
Garuda Indonesia is set to receive a substantial $405 million shareholder loan from Danantara Asset Management, Indonesia’s sovereign wealth fund, in a significant move aimed at bolstering the national carrier’s financial stability and operational recovery. This funding is part of a wider $1 billion support package intended to ensure the airline’s long-term viability.
Aurigny, the flag carrier of Guernsey, has reported a net loss of $8.7 million for the year 2024, attributing the deficit largely to increased wet lease expenses and continuing global supply chain issues. These financial headwinds have posed significant operational challenges for the regional airline, which serves routes between the Channel Islands and the UK mainland.
Air Serbia has announced its expectations for 2025, forecasting that the airline will carry over 4.7 million passengersduring the calendar year. Accompanying this ambitious traffic target, the airline projects revenue to surpass $806 million, a significant step forward from its previous benchmarks and a strong indication of its growing market presence and operational momentum.
Air Austral has reported a 1.6% increase in revenue to $514 million for the fiscal year 2024–25, which ended on 31 March 2025, marking a modest improvement in its top-line performance. However, despite the revenue growth, the airline ended the year with a net deficit just under $12.6 million, continuing its struggle to reach financial stability.
Vietravel Airlines, a Vietnamese carrier operating under the tourism-focused Vietravel Group, has received formal approval from its shareholders to increase its charter capital to $100 million. This significant move aims to bolster the airline’s financial foundation and support expansion efforts amid the region’s ongoing aviation recovery.
Air Canada has released preliminary results for its recently concluded substantial issuer bid, part of its ongoing efforts to enhance shareholder value and optimize capital structure. The airline had invited shareholders to tender their Class A Variable Voting Shares and Class B Voting Shares, offering to buy back up to $436 million worth of shares at prices ranging from $13.40 to…
Aeroflot Group has posted a robust financial performance for the first quarter of 2025, with revenues climbing 9.6% year-on-year to reach $2.4 billion. This growth reflects a rebound in international travel, higher load factors, and increasing passenger numbers across its domestic and global networks.
