Sonaca has been seriously affected by both the Boeing 737 MAX debacle and the Covid-19 crisis, but it will benefit from a capital increase of 50 million euros and bank loans for around the same amount, as reported by financial newspaper L’Echo on Saturday.
In view of the current situation, “we will have less work for at least two or three years. We have therefore persuaded our shareholders to support the company with a capital increase. We cannot, therefore, speak of state aid here“, says Bernard Delvaux, the CEO of the aeronautical equipment supplier.
Sonaca is more than 90% owned the Regional Investment Company of Wallonia SRIW and for the balance by the Federal Holding and Investment Company SFPI. SRIW and SFPI will carry out a capital increase of 50 million euros, split 50-50 between the two shareholders. Furthermore, negotiations are continuing with banks that should lead to a loan of around 50 million, according to the CEO. Finally, a subordinated loan of 25 million euros granted by SRIW and SFPI will be converted into capital to strengthen equity.
This post was published on 11 May 2020 17:37
A BA Euroflyer flight from London Gatwick to Faro returned to its departure airport on…
Qantas cancelled its Rome–Perth service on Saturday after passengers on the preceding flight from Perth…
Boeing delivered 161 commercial aircraft in the third quarter of 2026, bringing its January–September total…
Frankfurt Airport handled 6.1 million passengers in September 2026, up 1.6% year on year, supported…
Cirium forecasts around 43,000 commercial passenger and freighter aircraft deliveries between 2026 and 2045, worth…
ICAO has joined the Supporting Alliance for CORSIA EEU Supply, strengthening efforts to increase the…