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TAP to Issue €350 Million in Five-Year Bonds for Debt Refinancing - TAP Air Portugal announced plans to issue €350 million in five-year bonds, targeting institutional investors as part of a strategy to strengthen its financial position and extend debt maturity. The initiative aims to refinance TAP’s existing liabilities and consolidate its cash flow amidst ongoing financial challenges. The airline expects the proceeds to enhance its financial stability, offsetting recent pressures in the aviation sector. - https://lnkd.in/dAXuSVTJ

📢 Aeroméxico has issued a US$1.1 billion bond offering to refinance its debt. This move is designed to improve its financial resilience and credit rating following its Chapter 11 restructuring. With increased ratings from Moody's and S&P Global, Aeroméxico is positioning itself for growth as it meets market demand in the post-pandemic landscape. Barclays led the bond sale, offering a mix of five- and seven-year notes. 🔍 Discover more insights on Aeroméxico's financial strategy and the latest aviation industry trends on Mexico Business News. #Aerospace #Finance #DebtRefinancing #Aeroméxico #CapitalMarkets #Mexico

Flair Airlines Seeks $150M Senior Debt Amid Overhaul - Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth. - https://lnkd.in/dh3R4PTR

Flair Airlines Seeks $150M Senior Debt Amid Overhaul - Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth. - https://lnkd.in/dh3R4PTR

Air Vanuatu has a staggering debt of $110 million, according to a report by the company's liquidators. This figure is just an estimate based on outdated financial records, and the true cost of the airline's collapse could be even higher. Liquidators paint a grim picture, describing Air Vanuatu's "financial position as dire." Outdated financial information makes accurate accounting difficult, compounding the airline's woes. Compounding these problems are critical plane part shortages, significantly impacting the airline's ability to maintain its fleet. Travel restrictions associated with the COVID-19 pandemic significantly impacted Air Vanuatu's operations. 2023 wasn't any kinder, with natural disasters like double cyclones further disrupting the airline's business. These issues have left Air Vanuatu with a mere two operational aircraft out of its original six. The remaining planes face a bleak future: three require maintenance, and one was repossessed by its owner. The liquidators' report confirms years of struggle: "The company encountered several operational challenges in recent years, such as travel restrictions associated with the COVID-19 pandemic, natural disasters such as the double cyclone event in 2023, and disruptions to the availability of its fleet due to global aviation parts shortages. As a consequence, the business has been underperforming for a significant period." The airline's sudden cancellation of international flights to Sydney and Brisbane last week foreshadowed its voluntary liquidation a day later. Air Vanuatu's continued operations depend entirely on financial support from the Vanuatu government. Liquidators were blunt: "If not for this financial support, the liquidators have no choice but to cease operations and wind down the company." Air Vanuatu's closure will likely have a widespread impact on Vanuatu's economy. The tourism sector will face a decline in visitors and revenue, jobs will be lost, supply chains will be disrupted, and investor confidence will be shaken. These factors combined could create a challenging economic environment for Vanuatu.

With a new US President taking office, an uncertain economic environment and conflict in Europe and the Middle East, 2025 could pose a range of challenges and opportunities for Business Aviation finance. Gerrard Cowan, with AvBuyer, explores. #NAFA #AviationNews #AviationLovers #Aviation #BusinessAviation #PrivateAviation

Regional Express completes sale of Pel-Air Ambulance business to Toll Holdings - Rex Airlines #Strategy #Business #Australia #Investment #ASX

Welcome to the Friday 5 x 5. The Boeing debt crisis. How has Boeing's debt has exploded to $60 billion, up from $10 billion in 2020. COVID. Almost $12 billion is loses due to delivery delays and order cancellations. B737 Max program. While no sole cause, the cost of developing the B737 Max, 2 crashes resulting in compensation payments, redesign and consequential manufacturing delays. All estimated to have cost $20 billion. Supply chain issues. Some people had never heard of them term, "supply chain" until COVID, when restrictions shut down manufacturing plants, logistics companies. Plants weren't manufacturing components, which meant they weren't shipped. Shipping companies reduced workforce and capacity to mitigate their loses. Supply chain issues had flow on effects reaching the entire industry (On a side topic, the Max took 6 years for the first delivery. COVID did 60% as much damage in less than 2 years. That is a whole 5x5 issue on its own). Boeing spent $4.7 billion buying Spirit Aerosystems in June, and will spend another $4 billions fixing their supply chain issues. Strike. Boeing has experienced a few strikes over the years. The most recent strike was estimated to cost them almost $1 billion per week (NYT estimate). Delivery delays which results in compensation to customers. While planes aren’t being delivered, they have to be stored. Storage costs money too. The delays in the B787 program is estimated to have cost $5 billion by Boeing's own estimates. Emirates have stated the B777X delays has cost them $3 billion in refurbishment cost of their existing fleet, which will undoubtedly result in additional compensation payments. Companies use debt to grow, too much debt can be fatal. Boeing employs over 170,000 people, and have a deliveries backlog of 6100 jets equating to 38% of worldwide commercial jet backlog. We saw for 2 years what happens when aircraft don't fly. Given their strategic importance to the world economy and US military defence, Boeing could be TOO BIG TO FAIL. #boeing #airbus #B737