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Tag: liquidity

Largest aircraft PDP financing project in global aviation in Asia signed

editor editor- May 28, 2019 20:03

A total of 17 banks were involved in the syndicated loan in the amount of US$840 million to finance part of Pre-Delivery Payment (PDP) for new CALC aircraft orders. CALC ... Read More

Another German Airline bankrupt

Juergen T Steinmetz Juergen T Steinmetz- February 5, 2019 09:26

On Monday Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH as well as Germania Flugdienste GmbH filed for insolvency in Berlin-Charlottenburg. Flight operations are terminated. Germania’s employees have ... Read More

Brazil’s GOL airline accelerates fleet renewal

Chief Assignment Editor Chief Assignment Editor- December 27, 2018 18:05

GOL Linhas Aéreas Inteligentes S.A. announced today a further acceleration of its fleet renewal and modernization plan and the execution of sale and leaseback agreements, with Castlelake and Apollo Aviation, ... Read More

Airlines’ survival determined by liquidity

editor editor- August 10, 2009 05:29

Asked last month how long American Airlines Inc. and other carriers can keep losing money before they run out of time and cash, AMR Corp. chairman Gerard Arpey had a ... Read More

Caution: supplier payments during the liquidity crisis

editor editor- June 17, 2009 05:11

With today's economic challenges, and particularly the reduced availability of credit, some suppliers and tour companies may be unable to meet short-term financial obligations. Read More

Air Canada concludes revolving credit line for $100 million

editor editor- January 1, 2009 02:11

MONTREAL - Air Canada today announced that it has concluded a secured revolving credit facility with the Canadian Imperial Bank of Commerce, which will provide the airline with up to ... Read More

UAL bolsters liquidity by US$150 million

editor editor- December 11, 2008 02:25

CHICAGO, IL - UAL Corporation, the holding company whose primary subsidiary is United Airlines, today announced a sale and leaseback transaction that added approximately US$150 million of cash to the Read More

US$35 million loan from Air Wisconsin part of US Airways’ US$950 million financing package

editor editor- November 7, 2008 07:48

APPLETON, WI - Air Wisconsin Airlines Corporation announced today it has agreed to provide a $35 million loan to US Airways, Inc. Read More

Recession may mean opportunities to some in the travel industry

editor editor- October 24, 2008 10:35

Leading hospitality, timeshare and fractional leaders all across the country express concerns over business during these hard times. Read More

UAL Corporation to boost liquidity by $275 million

editor editor- October 2, 2008 02:56

CHICAGO, IL – UAL Corporation, the holding company whose primary subsidiary is United Airlines, today announced financing transactions that will add approximately $275 million of cash prior to year Read More

UAL Corporation boosts liquidity by approximately $1.2 billion

editor editor- September 19, 2008 04:17

CHICAGO, IL (September 18, 2008) – UAL Corporation, the holding company whose primary subsidiary is United Airlines, completed the amendment of its co-branded card marketing services agreement with Read More