It’s just a small order for five Boeing MAX 8s, but the announcement from lessor Griffin Global Asset Management has more substance to it. It is the first direct order for Griffin, which has bold ambitions to create “a world-class commercial aviation leasing and asset...
Icelandair is likely to get a new shareholder. Private multi-asset management firm Bain Capital has signed a binding agreement to take a 16.6 percent share in Icelandair Group the owner of the airline. The transaction, which is valued at $66.1 million, will be...
Now that the domestic market in Australia is experiencing a strong recovery, Virgin Australia is determined not to be left behind its rivals Qantas and Jetstar. The carrier has ambitious plans for growth and on May 21 announced a new round of recruitment of 250...
Virgin Australia will resize its operations to an all-Boeing 737 fleet and for the time being, only operate on domestic services. Long-haul is only to resume when the market sustains these services, the airline said on August 5 when it gave an update of its business...
Virgin Australia seems to have escaped insolvency and liquidation after Bain Capital Private Equity has been selected as the preferred buyer of Australia’s second airline, it emerged on June 26. Bain has entered into a sale and implementation agreement with the...
