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Lessor Carlyle swaps debt for 7.5 percent stake in SpiceJet

Lessor Carlyle swaps debt for 7.5 percent stake in SpiceJet

by Ashwini Phadnis | Feb 27, 2023 | Airlines | 0 comments

Delhi-based low-cost airline SpiceJet has restructured over $100 million outstanding dues to lessor Carlyle Aviation Partners (CAP). The lessor takes equity shares and compulsorily convertible debentures (CCDs), the airline announced on Monday. Once the transaction is...
United gets ten percent share of Mesa in five-year deal

United gets ten percent share of Mesa in five-year deal

by Richard Schuurman | Dec 30, 2022 | Airlines | 0 comments

The new agreement between Mesa Airlines and United Airlines extends for five years and will see the regional carrier deploy up to 38 Bombardier/Mitsubishi CRJ900s with United Express in the coming March. United will get a ten percent share in Mesa and provide a credit...
Air India wants to capture 30 percent market share

Air India wants to capture 30 percent market share

by Ashwini Phadnis | Oct 18, 2022 | Airlines | 0 comments

Air India is aiming to have a 30 percent share of the domestic and international air traffic in the next five years, Campbell Wilson, Chief Executive Officer and Managing Director of the airline said on October 18. Air India wants to capture 30 percent market share....
IAG swaps Air Europa loan for a 20 percent stake

IAG swaps Air Europa loan for a 20 percent stake

by Richard Schuurman | Aug 16, 2022 | Airlines | 0 comments

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 foot in the door with the...
Embraer targets 40 percent lower production lead time

Embraer targets 40 percent lower production lead time

by Richard Schuurman | Jul 1, 2022 | Embraer | 0 comments

UPDATE July 1 with Toyota – Embraer is targeting to reduce production lead times of all its products by some forty percent until the end of 2023 to improve efficiency. On the commercial aircraft production lines, lead times have already been reduced from four to...
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