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 advance the repayment...
Air France-KLM is on track for a strong recovery to profitability and will produce ‘a significantly positive’ operating result in the third quarter. After suffering deep losses in the past couple of Covid-years, the airline group reduced its Q1 net loss by more than...
Financially troubled Garuda Indonesia has secured a court order granting the carrier a short-term reprieve from making debt payments. The 9 December ruling by a commercial court comes after an IT solutions provider, Mitra Buana Koorporindo (MBK), filed a debt petition...
The parent company of Japanese carrier All Nippon Airways (ANA), ANA Holdings, plans to issue nearly ¥150 billion worth of bonds. Proceeds will be used to support its business structure reform plan announced in October 2020, redeeming maturing bonds, and repayment of...
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