Nigerian Startup Cally Air Takes Delivery Of Ex-airBaltic Boeing 737 simpleflying.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from simpleflying.com Daily Mail and Mail on Sunday newspapers.
By Cirium2021-01-20T04:06:00+00:00
The pandemic has upended lessors’ market assumptions more than any crisis in the history of aviation, forcing them to reevaluate their approach to risk, an industry panel of lessors, lenders and remarketers has observed.
Ted O’Byrne, Carlyle Aviation Partners’ co-head of aviation, used to think about asset risk, financing risk and credit risk – “pretty much in that order” – but with the Covid-19 crisis things have now turned “completely upside down”.
Source: Wikimedia Commons
SpiceJet 737-800 in 2014
“First and foremost, discussions that we have when we originate transactions is: Who is the airline? Can they make it through the next six, 12, 18 months? Can they access capital? Can they shrink themselves to go through this crisis, and more importantly even, do they have relevance over the long term,” he says, speaking at a panel discussion at the Airline Economics Virtual Growth Frontiers Dublin event on 18 January.
By Cirium2021-01-18T07:32:00+00:00
South Korea’s Eastar Jet has filed for court receivership as a means to restructure, according to local media reports.
The privately owned low-cost carrier will continue its search for a new buyer to stay in business, Nikkei Asia reported on 16 January citing a source familiar with the matter.
Source: Wikimedia Commons
An Eastar 737-800
Earlier, Eastar was quoted as saying it aims to find a new investor through a court-led rehabilitation scheme in a 13 January report by local English-language media Yonhap.
Compatriot Jeju Air announced in December 2019 that it would acquire 51% of Eastar at W69.5 billion ($63 million). The parties agreed on a lower, W54.5 billion consideration in March 2020 but the deal eventually fell through in July as they could not come to an agreement.
U.K.-headquartered World Star Aviation plans to enlarge its converted freighter portfolio with the backing of California-based Oaktree Capital Management. The lessor is launching a funding program that aims to help airlines and aircraft owners participate in the cargo market at a time when capital may be hard to come by, according to World Star Aviation. […]
Username