Qantas has posted a full-year net loss of AU$1.964 billion for the financial year ended June 30. One of its largest ever losses, this one has been driven by impairment charges and restructuring costs intended to shore up the company during the pandemic. Alan Joyce, Qantas CE, confirmed that the carrier was operating among the
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
BOC Aviation has reported net profit after tax (NPAT) of US$323 million in the first half of 2020, an increase in both NPAT and earnings per share compared with the same period last year. Total revenues and other income rose at around the same pace as its total assets in the first half of 2020,
Finnair is considering the issuance of new euro-denominated capital securities (New Capital Securities). The potential issue is expected to take place in the near future subject to market conditions. The maximum principal amount of the potential issue is €200 million. At the same time, the company announces that it invites the holders of its outstanding
With further problems ahead for one of Europe’s largest low-cost carriers, easyJet has announced it has managed to raise an additional US$266 million through a sale-and-leaseback deal of aircraft. This brings the total raised for the sale and leaseback of 23 aircraft to US$1.09 billion, which is at the upper end of guidance for proceeds.
TUI, the world’s leading integrated tourism group, has received backing from the German government for an additional tranche of €1.05 billion that extends its exiting tranche with KfW, the German state-owned development bank based in Frankfurt. The extension of the existing credit line by €1.05 billion will be subject to TUI issuing a Convertible Bond
Chorus Aviation has announced second-quarter 2020 financial results and an update on the impact of COVID-19. In the second quarter of 2020, Chorus reported adjusted EBITDA of CA$91.0 million, an increase of CA$5.3 million over the second quarter of 2019.The Regional Aircraft Leasing segment’s adjusted EBITDA increased by CA$8.2 million primarily related to the growth
Air Lease Corporation (ALC) has announced the pricing of its public offering of US$700.0 million aggregate principal amount of 2.875% senior unsecured medium-term notes due January 15, 2026. The sale of the notes is expected to close on August 17, 2020, subject to satisfaction of customary closing conditions. The notes will mature on January 15,
Israel Aerospace Industries (IAI) has reported sales increase of 4.6% to US$2,078 million in the first half of 2020 (H1 2020), compared with US$1,986 million in H1 2019 and growth of 7.6% in company sales in the second quarter of 2020 (Q2 2020) to about US$1,060 million compared with US$985 million in Q2 2019. Sales
Atlas Air Worldwide has reported second-quarter 2020 net income of US$78.9 million compared with net income of US$86.9 million in the second quarter of 2019. On an adjusted basis, EBITDA totaled US$247.0 million in the second quarter this year compared with US$84.1 million in the second quarter of 2019. Adjusted net income in the second
