Reuters
An Indian court will rehear bankruptcy petitions filed by aircraft lessors against cash-strapped SpiceJet before a new bench, after the airline reached a last-minute settlement with one lessor. The ruling delays proceedings and resets a closely watched test of lessors’ remedies against distressed airlines in India.
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An Indian court will rehear bankruptcy petitions filed by aircraft lessors against cash-strapped SpiceJet before a new bench, after the airline reached a last-minute settlement with one lessor. The ruling delays proceedings and resets a closely watched test of lessors’ remedies against distressed airlines in India.
India’s Akasa Air has signed a sale-and-leaseback agreement covering seven Boeing 737-8 aircraft, adding a fleet-financing transaction to the carrier’s expansion strategy. The deal highlights the role of leasing structures in supporting fleet growth while preserving airline capital flexibility.
United Launch Alliance, the Boeing-Lockheed Martin rocket joint venture, is wrapping up a $1.5 billion private-bond transaction—three times the deal’s original size. The financing gives the venture a significantly larger capital-markets transaction as it advances its rocket business.
Latvia’s airBaltic has secured bondholder approval for a liquidity measure, giving the airline additional financial flexibility. The decision underscores the importance of creditor support as the carrier manages its funding position and ongoing operations.
Southwest Airlines has entered into a $2 billion credit agreement, with proceeds earmarked for working capital and general corporate purposes, including acquisitions. The financing gives the carrier additional liquidity and strategic flexibility as it evaluates corporate priorities and potential growth opportunities.
Bolivia is considering a fleet-renewal program for state-owned Boliviana de Aviación, with Embraer emerging as a potential supplier of at least 10 aircraft under a leasing arrangement. The proposal would address BoA’s aging fleet while expanding capacity without requiring an outright aircraft purchase.
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An Indian bankruptcy court criticized SpiceJet for reaching a last-minute settlement with one of eight aircraft lessors whose bankruptcy petitions were awaiting rulings. The court said the move wasted judicial time, underscoring continued financial stress at India’s fourth-largest carrier.
Biman Bangladesh Airlines has invited proposals from leasing companies, airlines, operators and aircraft owners to provide three Boeing 787-9s on dry lease. The request would expand the carrier’s widebody capacity through an operating-lease structure rather than direct aircraft acquisition.
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