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Byline: Jon Hemmerdinger The US Federal Aviation Administration has granted $291 million in subsidies to aerospace companies and other aviation entities, part of the Biden administration's efforts to promote sustainable [...]

JPMorgan analyst Seth Seifman raised the firm's price target on Boeing to $235 from $210 and keeps an Overweight rating on the shares. The firm says its top focus for [...]

BofA raised the firm's price target on Boeing to $200 from $180 and keeps a Neutral rating on the shares. The company has somewhat de-risked 2024 expectations after the late [...]

JPMorgan analyst Seth Seifman lowered Q2 and 224 estimates for Boeing's free cash flow following the company's update at an investor conference last week. The reasons are fewer near term [...]

AELF - Aircraft Engine Lease Finance has successfully obtained a $40 million credit facility from Merchants Bank of Indiana, a strategic move to enhance its Boeing 737-800 fleet amid favorable [...]

Spirit AeroSystems, a major supplier in the aerospace sector, is exploring various liquidity options, including the possibility of entering the financial markets to raise cash. This consideration follows a difficult [...]

Boeing has tapped into public credit markets to raise $10 billion as it continues to navigate significant financial and operational hurdles. This fundraising effort comes at a crucial juncture for [...]

Says looking to protect investment grade credit [...]

Boeing has agreed to forward $425 million in advance payments to Spirit AeroSystems to help the supplier manage increased inventory levels and reduced cash flow. This financial assistance comes in [...]

TD Cowen analyst Helane Becker raised the firm's price target on Alaska Air to $49 from $41 and keeps a Buy rating on the shares. The firm noted they announced [...]

Boeing CFO Brian West said while speaking at the Bank of America Global Industrials Conference, according to a transcript of the event: 'With regards to capital allocation and our framework, [...]

Byline: David Kaminski-Morrow Court filings have revealed that US operator IAero Airways - which is under US bankruptcy protection - is pursuing an asset-sale agreement involving an entity linked with [...]

Byline: Jon Hemmerdinger Canadian start-up carrier Lynx Air attributes its descent into insolvency to factors including the grounding of Boeing's 737 Max, Covid-19 travel restrictions and surging fuel prices. Canadian [...]

India's burgeoning airline, Akasa Air, is setting its sights on securing around USD 300 million through structured credit, as per reports by MoneyControl. The Mumbai International-based carrier, which took to [...]

A low-cost carrier (also known as a no-frills, discount or budget airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. Not surprisingly, [...]

A low-cost carrier (also known as a no-frills, discount or budget airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. Not surprisingly, [...]

Byline: Jon Hemmerdinger Spirit AeroSystems is taking steps to strengthen its financial foundation by seeking to raise $400 million in cash and to restructure $1.2 billion in debt. Spirit AeroSystems [...]

Full-year 2023 cash used in operations is expected to be between $150M-$200M; full-year 2023 free cash flow is expected to be a usage between $275M-$325M. This outlook reflects lower projected [...]

BofA raised the firm's price target on Spirit AeroSystems (SPR) to $21 from $18 and keeps an Underperform rating on the shares. The firm sees the recent agreement with Boeing [...]

TD Cowen raised the firm's price target on Spirit AeroSystems (SPR) to $22 from $17.70 and keeps a Market Perform rating on the shares. The firm said Boeing's (BA) MOA [...]

Byline: Howard Hardee The carrier currently operates an all-Airbus fleet but has a deal to purchase up to 130 737 Max 7s and Max 8-200s - a high-density variant of [...]

Allegiant Travel (ALGT) announced financing commitments for seven Airbus (EADSY) A320 and four Boeing (BA) 737 MAX aircraft from BNP Paribas, Europe's leading bank, and Jackson Square Aviation, a global [...]

Byline: Pilar Wolfsteller IAero Group, formerly Swift Air, has voluntarily filed for Chapter 11 bankruptcy protection in Florida. IAero Group, formerly Swift Air, has voluntarily filed for Chapter 11 bankruptcy [...]

BofA says Air China is reopening the runway for Boeing (BA) 737 MAX deliveries after a more than four year pause. Air China indicated it will take 12 MAX aircraft [...]

A recent filing with the United States Securities and Exchange Commission (SEC) has revealed that Boeing, the renowned aircraft manufacturer, has successfully secured credit facilities totaling $3.8 billion through separate [...]

Byline: Ryan Finnerty A $22.5 million contract from the US Army will fund preparations at Boeing to deliver Block II CH-47F Chinook heavy-lift helicopters under production Lot 4, a platform [...]

Air Algérie (AH, Algiers) has secured financing from the country's state-owned national investment fund (Fonds National d'Investissement - FNI), for its fleet renewal plans, which include orders for 15 aircraft, [...]

Offers are being invited for the share capital of provisionally-liquidated Comair (South Africa), as well as its budget Kulula Air brand, trademarks, air operator's certificate (AOC), and domestic air service [...]

ASL Aviation Holdings has secured a USD155 million new credit facility in the form of an enhanced secured term loan from US investment bank, Goldman Sachs. The funds, which can [...]

Freighter operator ASL Aviation Holdings has closed a new $155m credit facility for investment in its fleet. ASL said it will use the funds to continue its fleet renewal programme [...]