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debt

Europe clears Alitalia debt from successor ITA

10 September 2021 By Seth Miller 1 Comment

Just scribble an

Alitalia’s obviously illegal loans from Italy won’t saddle its successor ITA as it launches in five weeks, thanks to a European Commission ruling handed down today.

This story is about: Alitalia, bankruptcy, debt, Europe, European Union, ITA, Italia Trasporto Aereo Filed Under: Airplanes and Airports

Gogo prices new debt, anticipates huge savings

21 April 2021 By Seth Miller Leave a Comment

Gogo announced its long-awaited debt refinancing deal this afternoon, a move that should deliver huge savings for the company. The move allows the company to retire a billion dollars of high-interest debt, reducing both the total leverage and the rate paid.

This story is about: BizAv, business aviation, debt, financing, gogo, IFC, in flight, in-flight connectivity, inflight connectivity, Intelsat Filed Under: IFEC

JetBlue plans additional spending cuts, debt raises into 2021

1 December 2020 By Seth Miller Leave a Comment

JetBlue expects new and extended spending cuts as well as increased debt headed in to 2021 as its recovery remains “volatile” and Thanksgiving came up short of targets.

This story is about: COVID-19, debt, JetBlue Filed Under: Airplanes and Airports

A fleet of salvage-priced planes

27 October 2020 By Seth Miller 1 Comment

Does it matter that airlines are flying planes worth more in the scrap yard than they are to a new owner? Probably not, but United’s latest effort to secure a $3bn loan is an interesting insight into the world of aircraft valuation considerations.

This story is about: 767-300ER, 777-200ER, COVID-19, debt, engines, IFE, IFEC, leasing, United Airlines Filed Under: Airplanes and Airports

Time is running out for Global Eagle’s financial restructuring

20 July 2020 By Seth Miller Leave a Comment

Global Eagle's Albatross One on the ramp in Ottawa during the Telesat LEO test flight efforts

Global Eagle bought itself a few extra weeks. Literally. The company missed an $11 million interest payment on 9 July but negotiated an extension to the end of the month before it will be considered in default on the loan.

This story is about: bankruptcy, debt, earnings call, Global Eagle, Global Eagle Entertainment, IFC, IFE, IFEC Filed Under: IFEC

Global Eagle increases liquidity with debt restructuring

19 July 2019 By Seth Miller Leave a Comment

Global Eagle's Albatross One on the ramp in Ottawa during the Telesat LEO test flight efforts

Good news for Global Eagle: The company announced this morning that it has extended its liquidity by $61mm over the next 18 months. But there is almost certainly a little more to the story.

This story is about: debt, GEE, Global Eagle, Global Eagle Entertainment, IFC, IFE, IFEC, in-flight connectivity, in-flight entertainment, in-flight internet, inflight connectivity, inflight entertainment, Southwest Airlines Filed Under: IFEC, PremCat

PaxEx Premium: Finding future financing

15 April 2019 By Seth Miller

Gogo appears to have solved its most significant short-term challenge, with a $900mm debt offering lined up to provide five years of breathing room as the company inches towards a positive free cash flow.

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This story is about: 2Ku, air-to-ground, ATG-NG, debt, financing, gogo, Gogo Vision, Gogo Vision Touch, IFC, IFE, IFEC, in flight, in-flight connectivity, in-flight entertainment, in-flight internet, inflight connectivity, inflight entertainment, Satellite, Streaming IFE, ZTE Filed Under: IFEC, PremCat, Premium

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