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 will vote on the plan on June 15. Garuda plans to...
UPDATE – On the day of its Annual General Meeting in Paris, Air France-KLM announced its long-awaited rights issue. The airline group plans to issue 1.928 million new shares and raise €2.256 billion in fresh capital, of which €400 million will come from French...
From April 19, 2022 airlines on APG Interline Electronic Ticketing Agreements (IET) GP code 275 will start issuing tickets in US Dollars and not in Nigerian currency (Naira). This new policy according to the group is a result of the difficulty in repatriating...
Qatar Airways and Airbus remain at loggerheads over the paint quality issue on the A350. Speaking at the Aviation Club UK in London on November 30, CEO Akbar Al Baker was most critical of Airbus’ lack to come up with a satisfying solution. Qatar Airways criticizes...
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