The Qantas Group has confirmed a 10-year, AU$500 million unsecured bond issue as part of ongoing management of its debt maturity profile. Once settled, the proceeds will strengthen short-term liquidity and then be used to pay AU$400 million in bonds due to expire in June 2021. The coupon for the new bond, which was oversubscribed, […]
Qantas confirms AU$500 million unsecured bond issue Read More »
The International Air Transport Association (IATA) has released data for global air freight markets in July showing air cargo demand is stable but at lower levels than 2019. While there is some month-to-month improvement, it is at a slower pace than some of the traditional leading indicators would suggest. This is due to the capacity
Emirates and flydubai customers can once again access a wider range of travel options around the world, connecting seamlessly and safely through Dubai. Following the progressive resumption of passenger flights to global destinations, the two Dubai-based airlines have revived their successful and strategic partnership to offer customers increased connectivity, convenience and travel flexibility. Emirates customers
Dubai-based carriers Emirates and flydubai reactivate partnership Read More »
CAE (formerly Canadian Aviation Electronics), which sells flight simulators and training devices to airlines, aircraft manufacturers and training centers, has announced it is expanding its online instructor-led maintenance training program for Bombardier, Dassault and Gulfstream aircraft types, together with certain helicopter programs. The courses provide real-time teaching with the opportunity for students to interact directly
Spirit Airlines has reported that Spirit IP Cayman and Spirit Loyalty Cayman (the Issuers), each a newly formed Cayman Islands exempted company incorporated with limited liability and an indirect wholly-owned subsidiary of Spirit, intend to commence a private offering to eligible purchasers of US$600 million in aggregate principal amount of senior secured notes due 2025
The Regional Express (Rex) Group has released its preliminary final report announcing a statutory loss after tax of AU$$19.4 million, on a turnover of AU$$321.8M for the financial year 2020 (FY20). Rex Executive Chairman Lim Kim Hai said, “The COVID-19 pandemic devastated almost every industry with aviation being hit the hardest. Even Rex, which had
Regional Express Group post full-year 2020 net loss of AU$19.4 million Read More »
