Russian leases: no fear for full writedown of assets
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Month March 2022
Delta’s Cape Town struggle
The Western Cape (where Cape Town is located) declared an inter-governmental dispute over the South African Department of Transport’s silence on Delta Air Lines’ request to fly a triangular route from Atlanta to Johannesburg and Cape Town. Western Cape MEC…
Loan buys IAG time to get Air Europa deal done
International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to…
Kenya Airways reinstates pay cuts as bailout is delayed
The management of Kenya’s national carrier, Kenya Airways, has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a…
Aeromexico exits Chapter 11
Today Aeromexico announced it is emerging from its Chapter 11 bankruptcy process in the United States. Moreover, the airline announced it will receive US$1.5 billion in fresh equity from investors and that it will invest approximately US$5 billion in the…
EASA certification pulled for Russian built commercial aircraft
EASA, the European aviation authority, suspended EASA certification of current Russian aircraft and will no longer accept applications to certify new Russian aircraft. These new developments are in addition to sanctions following the invasion of Ukraine that Russia airlines can…