Asia

Singapore Airlines raises S$2 billion in sale-leaseback deals for 11 aircraft

Singapore Airlines (SIA) announced on Monday (3 May) that it has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900s and four Boeing 787-1Os, raising approximately S$2 billion (US$1.5 billion) in total. The transactions were arranged by four different parties, as follows: During this period of high uncertainty, as the airline industry continues to […]

Asia

Cathay Pacific Offers Staff Voluntary Redundancy

Cathay Pacific has offered its Hong Kong-based flight and cabin crew as well as airport staff to take voluntary redundancy to reduce costs since the airline stated that it has seen “no discernible improvement” in its business amid the COVID-19 pandemic. “Based on requests from some of our employees, we have decided to offer certain […]

North America

Transat secures $700 million in funding from the Government of Canada

Transat A.T. Inc. (the parent of Air Transat) announced today that it has reached an agreement with the Government of Canada to borrow up to $700 million in additional liquidity through the Large Employer Emergency Financing Facility (LEEFF). “The agreement reached with the Government of Canada provides us with an additional $700 million in liquidity, which is the amount we needed to move […]

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