ch-aviation
• Daniel Martinez Garbuno
Air Canada will use a $1.8 billion investment to repay outstanding bonds, directing fresh capital toward balance-sheet obligations rather than fleet or network expansion. The available report does not identify the investor, timing, bond maturities or other terms of the transaction.
Aircraft Finance & Leasing
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Air Canada will use a $1.8 billion investment to repay outstanding bonds, directing fresh capital toward balance-sheet obligations rather than fleet or network expansion. The available report does not identify the investor, timing, bond maturities or other terms of the transaction.
The Department of Homeland Security used a no-bid contract to acquire 10 used aircraft, citing an urgent need for deportation flights. The fleet has reportedly remained largely parked for months, raising questions about procurement urgency, utilization and stewardship of public funds.
Japan’s Skymark Airlines has refinanced loans totaling $160 million, marking a significant balance-sheet financing transaction for the carrier. The deal highlights the importance of continued access to financing for airline operators managing fleet, liquidity and broader business requirements.
Marshall Group says it is pursuing a comprehensive sales process for Marshall Aerospace, its final remaining division and a UK-based military maintenance, repair and overhaul provider. The family-owned company aims to identify a buyer and complete the divestment by the end of this year.
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Air Canada is selling a 25% minority stake in its Aeroplan loyalty program to funds managed by Blackstone, La Caisse de dépôt et placement du Québec and other Canadian institutions for C$2.5 billion, valuing the program at about C$10 billion. Air Canada will retain operational and strategic control, using proceeds for debt repayment and share buybacks.
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Boeing delivered 53 commercial aircraft in July—39 737 MAXs, 10 787s, three 767s and one 777 Freighter—down from 64 in June but up from 48 a year earlier. Airbus delivered 67 jets, while Boeing reported 30 net orders, including Uganda Airlines and AerCap agreements announced around Farnborough.
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Latvia’s state-owned airBaltic is pivoting from expansion to financial stabilization, reducing its Airbus A220-300 fleet from 54 aircraft to 36. The restructuring includes cost reductions and a proposed debt-for-equity swap as the carrier seeks to restore profitability and strengthen its balance sheet.
Vertical Aerospace has secured approximately $100 million in financing commitments from existing and new investors to support certification and commercialisation of Valo, its piloted four-passenger electric vertical-takeoff-and-landing aircraft. The funding comes as the Bristol-based company advances the program toward critical design review and production.
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