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...
UPDATE – The German state has sold the last 6.2 percent of its share in Lufthansa Group, one year earlier than it was prescribed to do so. This means that the airline is now fully private again and no longer has any financial obligations to the state, which...
UPDATE – Not Lufthansa and MSC Group, but the consortium of Certares, Delta Airlines, and Air France-KLM seems to be in pole position now to buy a majority share of Italian airline ITA Airways. The Italian Ministry of Economy and Finance has selected the...
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...
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