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...
Thai AirAsia is issuing debentures to raise some THB 2.0 billion ($58 million) to stabilize its financial position and for investments. The issuance is scheduled between June 27 and 29 and is targeted at institutional investors and so-called ‘high net worth...
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...
Pipistrel, based in Slovenia, was acquired in March of this year by Textron, which has the capital to accelerate the development of new products and increase the company’s workforce. Pipistrel will remain a separate brand under the Textron umbrella and will continue...
India’s Go First Airways (previously GoAir) is finally planning to list on the stock exchange through an initial public offering (IPO) in July, as air travel recovers from the pandemic. Go First Airways had earlier filed their offer document with the stock...
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