SAS Scandinavian Airlines has received approval from the New York Southern District bankruptcy court to launch the equity solicitation procedure to raise fresh capital. The carrier has been preparing for this step , which is part of the SAS FORWARD…
SAS Scandinavian Airlines expects to start the equity solicitation process no later than April which should result in attracting fresh funding from investors. This is a major step that, if successful, should lead to SAS exiting Chapter 11 restructuring in…
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…
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…
Delta Airlines has announced equity stake changes in LATAM and Aeromexico, two Latin American carriers currently under the Chapter 11 bankruptcy process. Delta will see its equity stakes in both airlines dilute due to the reorganization process. The US carrier will…
The government bailouts for airlines and aerospace manufacturers in the United States will come with some strings, including the potential for some equity ownership by the government in exchange for their financial support. This seems like a reasonable proposal, given…