Philippine Airlines (PAL) has filed a petition with a local court seeking a recognition of the US Chapter 11 process the carrier has undertaken since 3 September, as well as decisions the Southern District of New York bankruptcy court may…
Thai AirAsia has launched a crowdfunding bond campaign as the low-cost carrier seeks to boost its capital. Known as “Project Lift”, the airline’s campaign that was launched on September 9 seeks to raise around Bath 80 billion by issuing debentures…
China’s HNA Group has secured strategic investors for its aviation and airport businesses, allowing the beleaguered conglomerate to move beyond the debt woes it is currently facing. Hainan Airlines said in its 13 September Shanghai Stock Exchange disclosure that Liaoning Fangda…