Financial

Helicopter lessor LCI, the aviation division of the Libra Group, has strengthened its leasing platform with the establishment of a new co-investment vehicle with Thora Capital and RIVE Private Investment as partners. The transaction covers six Leonardo AW139s and three Airbus H130 helicopters, all of which have long-term, secure debt financing in place. The helicopters,

SAS has signed a SEK 3.3 billion three-year revolving credit facility agreement, 90% guaranteed by the Swedish and Danish states. Since the announcements from the Scandinavian governments on credit guarantees to airlines, SAS has worked with four Nordic banks as well as respective government agencies to clarify the criteria and terms for the guarantees. The

The Qantas Group has secured a further AU$550 million in funding against three of its wholly-owned Boeing 787-9 aircraft. This follows the AU$1.05 billion raised in March against seven Boeing 787-9 aircraft. Net debt is now within the middle of the target range, at AU$5.8 billion. The Group has no financial covenants on any existing

United Airlines (UAL) has reported first quarter 2020 financial results with a net loss of US$1.7 billion, and an adjusted net loss of US$639 million. The company’s total liquidity as of the close of business on Wednesday, April 29, 2020 was approximately US$9.6 billion, including US$2 billion under its undrawn revolving credit facility. The company

Boeing has posted first-quarter revenue of US$16.9 billion, a net loss which amounted to US$641 million, primarily reflecting the impacts of COVID-19 and the 737 MAX grounding. Boeing recorded operating cash flow of US$-4.3 billion. As the pandemic continues to reduce airline passenger traffic, Boeing is seeing significant impact on the demand for new commercial