Funds controlled by activist investor Elliott Management have agreed to extend $75 million in financing to bankrupt airline Avianca Brasil, according to documents seen by Reuters on Wednesday. A term sheet signed by Manchester Securities Corp, Elliott Associates and Elliott International was...

Brazil's aircraft maker Embraer said Wednesday it has finalized a contract to sell 12 light attack aircraft to Nigeria's air force, which is fighting an insurgency by Boko Haram jihadists. Embraer's military aircraft division said in a statement it and a partner firm making electronic...

Berlin-based airline Germania has filed for bankruptcy and cancelled all flights with immediate effect, the company said early Tuesday. The airline with 37 aircraft had flown mainly Mediterranean, North African and Middle Eastern holiday routes for German sun-seekers on package trips, and...

(Zaman Al Wasl)- Russia has reinforced the coastal Hmeimim base with advanced fighter jets and attack helicopters, in a move contradicts with Mosco’s withdrawal claims, military source told Zaman al-Wasl. large number of Russian warplanes and helicopters have stationed at Hmeimim...