Gol received U.S. court approval on Wednesday for a $1 billion loan after resolving the concerns of a group of lenders that feared the new loan would sideline them. Background on this case can be found here. We reported on…
After two difficult years that were dominated by Covid restrictions and losses, El Al Israel Airlines is gradually getting back to better days. A confirmation of that is the agreement with the Ministry of Finance last Sunday that the carrier will…
International Airlines Group (IAG) has exercised its option to convert a €100 million loan to Spanish carrier Air Europa into a twenty percent share, it announced on August 16 in a regulatory filing. This means that IAG has finally got a…
Kenya Airways defaults on $216 million loan
International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to…