Articles tagged “aviation”

Airlines

Private Equity Sees New Aviation Investing Opportunities With Recent Bank Anxieties

Although some aerospace suppliers have concerns about private equity investments, they'd surely welcome the capital needed to meet the growing demand for more planes and parts as travel continues its rebound.

Allison Lampert, Allison Lampert and Abhijith Ganapavaram, Reuters | 2 days ago

Private Equity Sees New Aviation Investing Opportunities With Recent Bank Anxieties

Tourism

Skift India Daily: Google Search Pages for Darjeeling Hotels Hacked by Fraudsters

The fast-paced growth of online travel bookings makes the tourism industry a ripe target for cybercriminals. Stakeholders must therefore deploy strategies and tools to guard the sector against data breaches and malicious attacks.

Amrita Ghosh | 2 weeks ago

Skift India Daily: Google Search Pages for Darjeeling Hotels Hacked by Fraudsters

Airlines

Virgin Australia Seeks to Borrow Nearly $300 Million Ahead of Possible IPO

Australia's second-largest airline, Virgin Australia, is said to be looking for funds to settle its private equity debt ahead of its potential IPO listing that will test the country's financial market and aviation sector.

Praveen Menon and Scott Murdoch, Reuters | 2 weeks ago

Virgin Australia Seeks to Borrow Nearly $300 Million Ahead of Possible IPO

News Blog

Carlyle Aviation Restructures SpiceJet Debt to 7.5% Stake in Indian Carrier

Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures. SpiceJet’s board of directors approved issuing fresh equity shares of $29.5 million to Carlyle Aviation, following which the aircraft leasing firm will now have over 7.5…

Peden Doma Bhutia | 4 weeks ago

Airlines

Scandinavian Airlines Hit by Cyber Attack

A bankruptcy filing, striking pilots and now this cyber attack, could things get any worse for SAS?

Marie Mannes, Reuters | 1 month ago

Scandinavian Airlines Hit by Cyber Attack

Startups

RocketRez Raises $15 Million for Tours and Attractions Operator Software

Tours and attractions companies are the most behind technologically in the travel industry, and RocketRez wants to change that.

Justin Dawes | 2 months ago

RocketRez Raises $15 Million for Tours and Attractions Operator Software

Airlines

Norway’s Flyr Joins This List of Airline Bankruptcies and Failures Since Pandemic

Although aviation executives have been bullish in recent weeks about the industry continuing to make significant progress in its recovery, Flyr's bankruptcy is a clear sign many airlines' financial challenges are far from over.

Rashaad Jorden | 2 months ago

Norway’s Flyr Joins This List of Airline Bankruptcies and Failures Since Pandemic

Airlines

Norwegian Airline Flyr in Critical Situation After Failing to Raise Cash

Norwegian airline Flyr's unsuccessful attempts to raise investment funds will see the budget carrier make operational cuts. This survival move is unlikely to see its summer season plans go the distance.

Terje Solsvik, Reuters | 2 months ago

Norwegian Airline Flyr in Critical Situation After Failing to Raise Cash

Airlines

Air France-KLM CEO Slams Schiphol Flight Cuts

Schiphol Airport has set about cutting 60,000 flight slots, a move slated by Air France-KLM as far less effective than investing in sustainable aviation fuel to address air pollution. But that still leaves noise pollution very much up in the air.

Joanna Plucinska and Tim Hepher, Reuters | 2 months ago

Air France-KLM CEO Slams Schiphol Flight Cuts

Airlines

Virgin Australia Owner Bain Capital Hints at IPO

As Australia's second-biggest carrier looks to relist at the stock exchange, the biggest question is how big a stake does Bain want to retain.

Scott Murdoch, Jamie Freed and Harish Sridharan, Reuters | 2 months ago

Virgin Australia Owner Bain Capital Hints at IPO