German charter airline Condor does not expect to find a new owner until 2022 at the earliest, its chief executive said. The carrier had agreed a sale to Poland’s national carrier LOT for about 300 million euros ($357.7...
Lufthansa to raise $1.2 billion from junk bond markets
Lufthansa is set to raise 1 billion euros ($1.2 billion) through its first conventional bond issue since the onset of the coronavirus crisis, a lead manager said. The German airline operator’s five-year bond was...
Delta, WestJet scrap planned joint venture after U.S. demands
Delta Air Lines and Canada’s WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were “unreasonable and...
Delta, WestJet scrap planned joint venture after U.S. demands
Delta Air Lines and Canada’s WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were “unreasonable and...
Asiana’s creditor bank calls for support for Korean Air takeover plan
Asiana Airline’s lead creditor bank called for backing for Korean Air’s takeover of the debt-ridden Korean carrier on Thursday in the face of opposition to the plan from some shareholders. Activist fund...
Low-cost Norwegian Air Shuttle files for bankruptcy protection
Low-cost carrier Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial...
Jet submits revival plan to NCLT
The resolution professional of Jet Airways has submitted the revival plan approved by the committee of creditors to the National Company Law Tribunal (NCLT), according to a stock exchange notification on Thursday. Once...
IAG says still interested in buying Spain’s Air Europa
The new chief executive of British Airways-owner IAG said the group continues to want to acquire Spanish airline Air Europa but is waiting to see what sort of support package the target company receives from the Spanish...
Air India bidding to be on enterprise value, deadline extended till Dec 14
The government has changed a bidding parameter for state-owned airline Air India, allowing potential buyers to quote enterprise value instead of equity value. Simultaneously, the deadline for submitting bids has been...
AirAsia X to revise $15.3 billion debt reform plan to expedite talks with creditors, say sources
Malaysia’s AirAsia X Bhd plans to revise its $15.3 billion debt restructuring plan to address concerns raised by a creditor as its cash is running out fast, people with direct knowledge of the matter said. The...
U.S. tentatively approves Delta, WestJet alliance
The U.S. Transportation Department said on Friday it had tentatively approved a proposed alliance agreement between Delta Air Lines and Canada’s WestJet that is expected to expand travel options between the United...
Potential owners of Jet Airways are looking at a 90% plus stake, offer remnants to lenders
The proposed resolution plan for Jet Airways would give the new owners more than 90% stake in the grounded airline with the rest going to its lenders, the resolution professional appointed by the bankruptcy court told...
