Articles tagged “debt”

News Blog

Accor’s Hotel Owner-Operator May Get More Indebted to Hedge Fund Sculptor

AccorInvest, a hotel owner-operator company that global hotel group Accor created in 2017, is seeing a rising share of its outstanding debt owned by one player, the hedge fund Sculptor, Bloomberg News reported on Tuesday. Sculptor "bought about half of the €270 million ($290 million) of loans previously owned by UniCredit SpA in recent weeks," Bloomberg reported…

Sean O'Neill | 2 months ago

Cruises

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

Cruise lines will continue to debut new ships in the near term through a balancing act between refinancing debt and improving profit margins. The high cost of debt will not stop vessels from sailing. The three major cruise lines remain optimistic for demand recovery.

Sherry Sun | 10 months ago

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

News Blog

Carlyle Aviation Restructures SpiceJet Debt to 7.5% Stake in Indian Carrier

Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures. SpiceJet’s board of directors approved issuing fresh equity shares of $29.5 million to Carlyle Aviation, following which the aircraft leasing firm will now have over 7.5…

Peden Doma Bhutia | 10 months ago

Airlines

Sweden Will Not Inject More Capital Into Scandinavian Airlines

Post Sweden's decision, all eyes are now on Denmark. The two governments are the largest owners of the Scandinavian airline, each holding a 21.8 percent stake.

Terje Solsvik and Stine Jacobsen, Reuters | 2 years ago

Sweden Will Not Inject More Capital Into Scandinavian Airlines

Business Travel

Corporate Travel Buyers Face Perilous Exposure to Industry’s $540 Billion Debt

Airlines, hotels, taxi firms and travel management companies owe more than half a trillion dollars. Here's how companies can offset price surges as their suppliers look to pay off mounting debts.

Matthew Parsons | 2 years ago

Corporate Travel Buyers Face Perilous Exposure to Industry’s $540 Billion Debt

Tour Operators

TUI to Finance an Ambitious Hotel and Cruise Ship Expansion

This doesn't seem like an auspicious moment to build up to six new cruise ships. But, weighed down in debt, TUI claims to have investors willing to finance hotels and ships.

Miranda Murray, Reuters | 2 years ago

TUI to Finance an Ambitious Hotel and Cruise Ship Expansion

Online Travel

Google Defends Its Debt Collection Practices in Travel

Google deserves to get paid for advertising services rendered. The company could have used the coronavirus crisis to engender some much-needed goodwill among its legions of advertisers, with a degree of flexibility during the months the music died. Opportunity lost.

Dennis Schaal, Skift | 3 years ago

Google Defends Its Debt Collection Practices in Travel

Business Travel

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

Analysts aren't buying TUI's forecast that its operations would return to normal by 2022. Meanwhile, TUI is mulling selling pieces of its business to stay solvent.

Sarah Young, Reuters | 3 years ago

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

Online Travel

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

Sean O'Neill, Skift | 3 years ago

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

Online Travel

Expedia to Deliver Early Payday to Private Equity Investors

It's no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company's private equity debt a day later. Hey, whether you are a homeowner or a giant online travel company, a good refinancing deal can be smart and hard to resist.

Dennis Schaal, Skift | 3 years ago

Expedia to Deliver Early Payday to Private Equity Investors