Bloomberg
• Constantine Courcoulas, Danny Lee
A UK court has appointed receivers to help London-based buyout fund FitzWalter recover more than $250 million from VietJet Aviation, including by seizing aircraft and ticket revenues. The measures could hobble the Vietnamese carrier’s operations outside its home market.
Aircraft Finance & Leasing
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airBaltic will provide five Airbus A220-300s to Lufthansa Group airlines under wet-lease agreements in winter 2026/27, even as the Latvian carrier remains in Chapter 11 bankruptcy proceedings in the United States. The arrangement gives Lufthansa Group seasonal capacity while putting airBaltic’s fleet to work during its restructuring.
airBaltic is asking a New York bankruptcy court to approve an October 2026 wet-lease agreement with Austrian Airlines, alongside related amendments and other commercial agreements with Lufthansa Group. The request puts the carrier’s commercial arrangements with the group before the court as it proceeds through Chapter 11.
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A UK court has appointed receivers to help London-based buyout fund FitzWalter recover more than $250 million from VietJet Aviation, including by seizing aircraft and ticket revenues. The measures could hobble the Vietnamese carrier’s operations outside its home market.
High activity
American Airlines reported record third-quarter revenue but another net loss, with higher fuel costs weighing on results. The carrier plans to slow capacity growth next year, while executives say airfares are unlikely to fall soon even if fuel prices ease; the airline is also acquiring two used 777-200ERs to reduce lease costs.
Air Vanuatu has issued a request for proposals to outright purchase one pre-owned ATR72-600. The carrier is seeking delivery between December 2026 and March 2027, adding a second aircraft of the type to its fleet.
airBaltic has secured the remaining $39 million of its first debtor-in-possession financing tranche. The report provides no further details on the tranche’s total size, financing terms or how the funds will be used.
Korean Air has priced a $300 million Eurobond with a five-year maturity, guaranteed by state-owned Korea Development Bank. The issuance adds a defined term of funding to the carrier’s financing activity, while the government bank’s guarantee is a key feature of the bond’s credit structure.
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