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Travel and tourism sector takes steps towards carbon neutrality by 2050

The World Travel & Tourism Council (WTTC) and UN Climate Change today showcased how the travel and tourism sector can take steps towards carbon...

Canaveral Port Authority Commissioners approve bonding for new cruise terminal

The Canaveral Port Authority (CPA) Board of Commissioners today voted to approve a resolution for the issuance of a series of bonds up to...

Vietnam tourism: Lack of money for promotion campaigns is biggest problem

A report of the Vietnam National Administration of Tourism VNAT showed that in 2000-2012, the state’s budget spent VND410 billion in total on the tourism promotion activities.

Boeing forecasts sufficient financing for rising global aircraft deliveries

LONDON, England - Boeing projects the world's airlines should see reasonable liquidity and pricing for new-aircraft delivery financing in 2013 even as jet builders ramp up production to meet demand, t

Auckland to spend $200,000 on chasing wealthy Chinese tourists

Auckland is chasing China's wealthy tourists, setting up a $200,000 fund to help attract the big-spending visitors to the city.

Emirates hires banks to arrange loan for aircraft financing

DUBAI, UAE - Emirates airline has hired three Dubai banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of the banks con

AerCap signs $400 million credit facility for 12 Boeing 737-800s

AMSTERDAM - AerCap Holdings N.V. today announced that it has signed a new $400 million credit facility with a ten year term to provide long term financing for 12 Boeing 737-800 aircraft.

African Development Bank invests €70M in new airport in Senegal

DAKAR - The Board of Directors of the African Development Bank (AfDB) approved on Friday 17 December 2010 in Tunis, a €70-million senior loan to finance construction of the Blaise Diagne Internation

Comair Limited to purchase 8 Boeing 737-800 aircraft

JOHANNESBURG - Today the Export-Import Bank of the United States (Ex-Im Bank) announced the preliminary commitment to finance the purchase by Comair Limited, a commercial airline based here, of eight

Uganda tourism ministry facing major budget cuts

It was learned from usually reliable sources that the ministry of finance seems set to inflict a major budget cut of nearly 20 percent on the ministry of tourism, trade, and industry for the next fina

Scotland’s Flyglobespan goes bust

Scotland's biggest airline, Edinburgh-based Flyglobespan, has been placed in administration with all scheduled flights cancelled.

Saudi Sama Airlines to buy 20 planes

Al-Ain, United Arab Emirates - Saudi low-cost carrier Sama Airlines plans to buy 20 airplanes over the next four years from either Boeing or Airbus, its chief commercial officer said on Monday.

JAL may be split into two distinct parts

Japan Airlines may be split in two along with undergoing a temporary period of nationalization reports say.

State takes on heavy responsibility for new giant cruise liner

Finnish taxpayers can include a little request to the Almighty in their evening prayers that the American cruise line Royal Caribbean Cruises should live long and thrive in its somewhat beleaguered br

Royal Caribbean arranges over US$1 billion in financing for Oasis of...

Royal Caribbean Cruises, Ltd. announced today it has arranged commitments for unsecured financing in the amount of US$1,050,000,000.

Blue Wings to re-launch full service

Blue Wings, a Dusseldorf-based scheduled and charter carrier that suspended operations on April 1 after the authorities revoked its operating license, plans to re-launch full service Friday.

Boeing to help Russian Airlines on credit-Chemezov

MOSCOW - State corporation Russian Technologies said on Tuesday that Boeing Co has agreed to help arrange financing for new state carrier Russian Airlines to buy planes.

US$35 million loan from Air Wisconsin part of US Airways’ US$950...

APPLETON, WI - Air Wisconsin Airlines Corporation announced today it has agreed to provide a $35 million loan to US Airways, Inc.

UAL Corporation to boost liquidity by $275 million

CHICAGO, IL – UAL Corporation, the holding company whose primary subsidiary is United Airlines, today announced financing transactions that will add approximately $275 million of cash prior to year

Midwest Airlines announces progress on restructuring plan

MILWAUKEE, WI (September 3, 2008) - Midwest Airlines today announced significant progress in its voluntary restructuring plan and $60 million in additional financing, including commitments from TPG Ca

Frontier Airlines receives alternative commitment for debtor in possession financing

DENVER, CO (August 4, 2008) - Frontier Airlines Holdings, Inc. today announced it is moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing.
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