NZ's Sounds Air to downsize despite new gov't loan programme
The New Zealand government has announced a loan package of up to NZD30 million New Zealand dollars (USD17.6 million) for at-risk regional airlines, but the support has come too late for Sounds Air (S8, Picton), which has already sold aircraft and made staff redundant.The government announced on Sept
Kenya Airways obtains $50mn loan, awaits $500mn cap'n
Kenya Airways (KQ, Nairobi Jomo Kenyatta) has secured USD50 million in short-term loans from local commercial banks amid delays in a planned USD500 million capital raising via a strategic investor, Kenya's Business Daily newspaper reported.The bridge financing, meant to cover urgent working capital
