Air India gets regulatory approval to complete acquisition of AirAsia India
India's Tata Group has been working towards an integration of its various airline entities towards making one big aviation behemoth
Category Airlines
Air France-KLM successfully completes capital increase
Air France-KLM has successfully completed the rights issue and raised the planned €2.256 billion, of which €1.611 billion in cash. The capital increase was even oversubscribed at €2.6 billion, the airline group said on June 14. Air France-KLM successfully completes…
LATAM Secures Chapter 11 exit financing
During the weekend, LATAM Airlines Group announced it had signed debt commitment letters with different financial entities, securing an exit financing from its Chapter 11 process. The airline is currently awaiting the ruling of the United States Court regarding its…
Aeromexico takes to court MEX’s claimed saturation
Aeromexico does not want to move out from Mexico City’s Benito Juárez International Airport (MEX). The Mexican flag carrier does not want to send a fraction of its operations to other hubs, such as the Felipe Ángeles International Airport (NLU)…
South Africa’s Comair goes into liquidation
Another airline bites the dust. Comair is 76 years old and weathered many crises before.
Garuda plans to issue new debt and raise fresh equity
Garuda Indonesia plans to issue $800 million in new debt and raise $330 in fresh equity. This is part of the restructuring plan that has been presented to a court in Jakarta on June 9. Creditors of the troubled airline…