Tag: recapitalisation

Ryanair to appeal EA court rulings on Finnair and SaS state aid

Ryanair to appeal EA court rulings on Finnair and SaS state aid

Ryanair today (14 Apr) noted the EU General Court’s rulings on Finnish, Danish and Swedish State aid favouring Finnair and SAS over all other EU airlines. The Finnish government granted a €600m loan guarantee to Finnair which has benefited from more than €1.2bn in State aid since the beginn...

gategroup: Positioning for post-COVID future – Update on Restructuring Plan

gategroup: Positioning for post-COVID future – Update on Restructuring Plan

As announced on 26 November 2020, gategroup Holding AG, the Group, its shareholders, RRJ Capital and Temasek and all of the Group’s bank lenders under the senior facilities agreement dated 30 November 2018 have agreed to the key terms and conditions of a recapitalisation of the Company and amendme...

Virgin Atlantic: Airline positions itself for post Covid-19 future

Virgin Atlantic has reached a major milestone towards securing its future today, by announcing plans for a private-only solvent recapitalisation of the airline, following the severe impact of the Covid-19 pandemic on the global economy, the nation and the travel and aviation industry. A Solvent R...

Norwegian finalises recapitalisation and secures state aid

Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. ...

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