SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy...
Air France-KLM intends to sell part of the equity of Air France Engineering & Maintenance to Apollo Global Management, a New York-based asset management company. The negotiations are for a number of spare engines that are owned by the AF affiliate. Air France-KLM...
Aeromexico is on the spot. It has until January 7 to reach four agreements with four different labor unions as part of its Chapter 11 reorganization. The Mexican airline is already on extra time since the original deadline was December 31, and it failed to secure new...
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