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Delta cuts fleet after $5.7bn loss
Airlines North AmericaThe carrier recorded a write-down of $1.1 billion in its investment in LATAM Airlines and a $770 million write-down in its investment in Aeromexico.
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Second wave of rent holiday requests hits lessors
Lessors EuropeAirlines submit aggressive rent holiday demands.
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ACG to issue $1bn in unsecured notes
Lessors North AmericaLessor expected to use proceeds for purchase of aircraft and repayment of debt.
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MUFG fails in full DVB Aviation takeover
Risk Europe"MUFG and BOTL are now discussing the handling of the aviation investment management and aviation asset management business going forward with DVB," MUFG confirms to Airfinance Journal.
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KKR deepens insurance base with Global Atlantic buy
Lessors North AmericaKKR says the purchase represents a "significant and natural extension" of its existing insurance business.
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Air Mauritius puts aircraft up for sale
Airlines AfricaAircraft are a mixture of narrowbody and widebody units.
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United closes 'largest capital markets' deal
Airlines North AmericaSignificant oversubscription led to a $1.8 billion upsize to $6.8 billion
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BOC Aviation eyes secondary market for Max
Lessors North AmericaSingapore-based BOC Aviation has told Airfinance Journal that it chose to cancel rather than defer an order for 30 Boeing 737 Max aircraft because it wanted to pursue sale and leaseback deals.
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DAE grants 12% of revenues in rent deferrals
Lessors Middle EastLessor gives rent deferral assistance to 30% of customers.
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Norwegian cancels 97 Boeing orders
Airlines EuropeNegotiations with the OEM had failed to yield necessary compensation, the airline says.
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Exclusive: Unsecured lenders unhappy with NAC debt plan
Lessors EuropeTalks are understood to have stalled over unsecured creditor demands.
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Exclusive: CALC buys Norwegian 737s for Chinese lessee
Lessors Northeast AsiaThis continues the lessor’s strategy of maintaining close ties with China’s state-controlled airlines.
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ACG starts cash tender for 7.125% notes
Aircraft North AmericaAs of 10 June, the lessor had $600 million aggregate principal amount of the notes outstanding.
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Delta to amend debt deals
Airlines North AmericaIt expects revenue for the second quarter to be reduced by 90% compared with the year-earlier period, with systemwide capacity down 85% year over year.
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S&P downgrades SAS on debt default risk
Airlines EuropeAgency flags risk of negative impact of restructuring plans.
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Aercap executives proposed for Norwegian governance roles
Lessors EuropeAirline nominates candidates ahead of AGM.
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Boeing ex-CEO McAllister joins AEI
Aircraft North AmericaMcAllister served as president and CEO of Boeing Commercial Airplanes from 2016 through October 2019.
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Lufthansa to finance all deliveries through SLBs
Airlines EuropeAirline group makes debt repayment a priority.