Heike Tamm

Singapore’s Broad Peak and Hong Kong’s Tor Investment Management, who between them hold approximately AU$300 of Virgin Australia’s AU$2 billion of unsecured bonds, have withdrawn plans for recapitalization of the struggling airline, leaving Bain Capital with an unobstructed path for its own recapitalization plans. The withdrawal comes after a court ruling last week which would […]

On July 24, Brussels Airlines reached an agreement with the Belgian Federal Government and Lufthansa to secure the future of Belgium’s home carrier and herewith the long-term development of the airline through a stabilization package. On August 17, the package was approved by the German Economic Stabilization Fund (WSF) and on August 21 the EU

After having received the final green light from the Ministry of Economic Development and the approval of the Supervisory Committee, Piaggio Aerospace and Banca Ifis have signed a contract for financing – in the form of an advance on contracts and factoring operations – for a total amount of €30 million. “The agreement, reached at