Norse Atlantic has successfully raised NOK 300 million ($30 million) through a conditional private placement of 120 million new shares. Proceeds of the placement will be used as a cash buffer for the airline’s subsidiary Norse Atlantic UK. Norse secures…
Embraer has got itself a strong new tool in doing business with new customers. The airframer has signed a Memorandum of Understanding with Apollo asset management for $1.5 billion in customer financing for its commercial aircraft business. Embraer secures new…
SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy protection. SAS secures…
eVTOL news - Elroy secures deal with Bristow
During the weekend, LATAM Airlines Group announced it had signed debt commitment letters with different financial entities, securing an exit financing from its Chapter 11 process. The airline is currently awaiting the ruling of the United States Court regarding its…
Singapore-based lessor BOC Aviation has secured long-term delivery slots with Airbus by ordering A320neo family aircraft that will be delivered between 2027 and 2029. With the A320neo family sold out until 2027, BOC has at least safeguarded delivery positions for its…