Fly Modern Ark, a South African aviation investment firm, has identified a need for more than €9 million to support the financial and operational recovery of Linhas Aéreas de Moçambique (LAM). The proposed investment aims to address immediate cash flow challenges and establish a sustainable path forward for Mozambique’s national airline. Having previously collaborated with…
Finnair has released its interim report for Q3 2024, detailing a steady financial performance amid challenging market conditions.
Clover Aviation Capital has announced a $500 million unsecured revolving credit facility with Mizuho Bank, an increase from its previous $300 million facility.
Brussels Airlines has reported a record €78 million adjusted EBIT for summer 2024, supported by increased long-haul capacity and high punctuality. From July to September, the airline transported 2.5 million passengers across over 17,000 flights, marking a 1.3% increase in passenger volume despite a 2.5% decrease in total flights.
Austrian Airlines has reported an 8% rise in adjusted earnings before interest and taxes (EBIT), reaching $150.2 million, for its latest financial period. This growth comes on the back of a 6% increase in total revenue, which climbed to $846 million.
ABL Aviation has closed a landmark €170 million financing agreement with Swissport International AG to support Swissport’s transition to electric ground support equipment (eGSE).
Thai Airways International is advancing its capital restructuring efforts, seeking foreign airline partners for strategic investment through a targeted private placement.
Qantas, Australia’s flagship airline, has publicly stated that it has no opposition to Qatar Airways’ proposal to acquire a 25% stake in its rival, Virgin Australia.
Boeing has launched a significant stock offering that could raise approximately $19 billion, aiming to reinforce its financial position amid recent operational setbacks.
Brazilian airline Azul has reached a major agreement with its existing bondholders, securing up to $500 million in additional funding and negotiating terms that could reduce its debt burden significantly.
