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Swedish government willing to swap SAS debt for equity but that’s it

Swedish government willing to swap SAS debt for equity but that’s it

by Richard Schuurman | Jun 7, 2022 | Airlines | 0 comments

UPDATE – SAS is seeking to raise at least SEK 9.5 billion in new equity capital and convert SEK 20 billion in debt and bonds into common shares as part of its FORWARD transformation plan. The capital raise was announced on May 30 during an update of the plan and...
IAG finally confirms MAX deal but for fewer aircraft

IAG finally confirms MAX deal but for fewer aircraft

by Richard Schuurman | May 19, 2022 | Airlines, Boeing | 0 comments

After two years, eleven months, and one day, International Airlines Group (IAG) finally confirmed its intention to buy the Boeing MAX. The airline group said on May 19 that it will purchase 25 MAX 8200s and 25 MAX 10s, plus 100 options. IAG finally confirms MAX deal...
Emirates expects a return to profitability but prepares for headwinds

Emirates expects a return to profitability but prepares for headwinds

by Richard Schuurman | May 13, 2022 | Airlines | 0 comments

High fuel costs, inflation, new Covid variants, and political and economic uncertainties could be showstoppers, but Emirates expects to return to profitability in the current FY2022/2023. The Dubai-based airline reported its second net loss in a row for FY2021/2022,...
Norwegian ends weak Q1 with net loss but bullish on the summer

Norwegian ends weak Q1 with net loss but bullish on the summer

by Richard Schuurman | May 13, 2022 | Airlines | 0 comments

Thanks to strong forward bookings for the summer and pent-up demand, Norwegian is optimistic to leave a weak first quarter behind it. The airline reported a NOK -1.033 billion net loss in the first three months of 2022, blaming it on low seasonal traffic, Omicron, and...
Losses China’s Big Three deepen but capacity is set to recover

Losses China’s Big Three deepen but capacity is set to recover

by Richard Schuurman | May 4, 2022 | Airlines | 0 comments

Air China, China Eastern, and China Southern Airlines all reported deepening losses for the first quarter of the year. With many cities and regions in strict lockdowns, the Big Three were confronted with a significant drop in traffic. Although restrictions continue,...
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