Tag Archives: raises

ABTA raises post-Brexit labour concerns with government | News

trivago acquires weekend.com of Germany | News

ABTA has written to Lord Frost, highlighting the needs of the travel industry in the future relationships with the European Union, post Brexit. Minister of state Frost is currently negotiating with European officials over the final settlement. The letter raises the very serious challenges relating to labour mobility owing to restrictions on temporary entry of […]

Travel industry welcomes plan to reopen UK tourism – but raises questions | News

Travel industry welcomes plan to reopen UK tourism – but raises questions | News

The travel industry has given a mixed response to proposals from the British government for the reopening of the travel sector. As expected, a ‘traffic light’ system will be introduced, grading destinations on exposure to Covid-19. However, while roll-out is expected in mid-May, no firm dates were given by transport secretary Grant Shapps. In response […]

Jet2.com raises £422m in share issue to overcome travel slowdown | News

Jet2 reports big losses for summer season | News

Jet2.com has raised £422 million in fresh capital as it seeks to weather the ongoing Covid-19 shutdown of travel. The company was earlier this week forced to delay its return to operation until mid-April, having previously hoped to begin trips again in March. The company sold around 40 million shares at £11.80 each, representing around […]

Virgin Atlantic raises new finance with Boeing Dreamliner deals | News

Virgin Atlantic raises new finance with Boeing Dreamliner deals | News

Virgin Atlantic has completed “financing transactions” relating to two Boeing 787 aircraft in partnership with Griffin Global Asset Management and Bain Capital Credit. The carrier said the sale and leaseback deals would further strengthen its balance sheet. Virgin Atlantic completed a privately funded, solvent recapitalisation in September last year as it sought to survive a […]

Air Canada raises funds through Boeing 737 MAX sale | News

Air Canada raises funds through Boeing 737 MAX sale | News

Air Canada has completed the sale and leaseback transactions for three Boeing 737 MAX 8 aircraft with Jackson Square Aviation. Along with a similar deal for six Boeing 737 MAX 8 aircraft with Avolon Aerospace Leasing, the flag-carrier has raised a total of US$365 million and long-term lease commitments of US$345 million. The nine aircraft […]

De Haan to return to Saga as company raises cash | News

De Haan to return to Saga as company raises cash | News

Saga has confirmed it is at an advanced stage in discussions over a prospective £150 million equity capital raise. The company said funds could be used to strengthen its balance sheet, improve liquidity and support the execution of its reinvigorated strategy under its strengthened management team. It is hoped the plans could move forward later […]

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