Apollo-backed low-cost airline Sun Country files for U.S. IPO

Sun Country Airlines, an ultra low-cost air carrier backed by private-equity giant Apollo Global Management Inc, filed for an initial public offering on Monday, banking on a rebound in air travel as countries roll out vaccines against COVID-19. Minnesota-based Sun Country, which offers affordable flights and vacation packages to destinations across the United States and […]

AirAsia Group to raise up to $113 million via private placement

(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]