Rolls-Royce has welcomed the decision of the European Union’s Clean Aviation programme to proceed with over €700m of funding for 20 aviation research and innovation programmes from across the industry. Following the evaluation of first Call for Proposals, a proportion of this funding, subject...

Transat A.T. Inc. announced that it has reached an agreement with Canada Enterprise Emergency Funding Corporation ("CEEFC"), a federal Crown corporation, to obtain $100 million in additional liquidity. In connection with the establishment of such additional funding, through the Large Employer Eme...

Helping airports mitigate the financial impact of the COVID-19 pandemic is part of the Government of Canada's strategy to ensure that Canada's air transportation system provides Canadians with choice, connectivity and affordable air travel. The Minister of Transport, the Honourable Omar Algha...

The European Commission called for research and innovation projects that support the transition to a zero-carbon economy. Brussels Airport as project leader, together with 21 partners, submitted an ambitious plan with concrete projects to help the industry accelerate the sustainable transition. ...

Norwegian has raised NOK 2.5 billion in gross proceeds through a private placement and a convertible bond issue of USD 150 million. After the completion of the transactions, Norwegian is fully funded through 2020 and beyond. The capital raise was completed yesterday, November 5th, through a priv...

Thomas Cook Group has been told by its lenders that it has to find an extra £200 million in extra funding to secure its future, putting the tourism operator at risk of collapse if the cash is not found. The cash-strapped operator had hoped that this week it would seal a rescue deal led by Fosun...