Aviation Daily Roundup: August 24
Kuwaiti Lessor To Defer Airbus Deliveries
Credit: AirbusKuwait-based lessor ALAFCO has reached an agreement with Airbus to defer the delivery of its on-order aircraft, as the world’s commercial aviation industry continues to shift into low gear amid the COVID-19 pandemic.
San Francisco, Newark Airports Start Employee Rapid COVID-19 Testing
Credit: San Francisco International AirportSan Francisco International (SFO) announced the start of a program to rapidly test airport workers for COVID-19 on Aug. 24, joining other major airports that have introduced on-site employee testing facilities for the disease.
Nigeria To Restart International Flights Aug. 29
Credit: Lagos AirportNigerian aviation minister Hadi Sirika has announced that international flights will resume on Aug. 29, following a lengthy suspension because of the COVID-19 crisis.
Mitsubishi Aircraft Reviews SpaceJet Flight-Test Data
Credit: Mitsubishi Aircraft CorporationThe Mitsubishi Aircraft SpaceJet regional jet program is focusing on reviewing flight-test data to prepare for an eventual return to flight.
Ryanair Reaches Deal With Spanish Pilots But Cabin Crew Reject Offer
Credit: Joe PriesULCC Ryanair has found agreement with its Spanish pilots over pay cuts and improved productivity, but has so far failed to reach similar deals with its Spanish cabin crew.
DAILY MEMO: The Case Against Extending The U.S. Payroll Support Program
Credit: American AirlinesAirline industry watchers were broadly supportive of the Payroll Support Program (PSP) when it was passed by the U.S. Congress as part of the CARES Act, hailing it as a vital lifeline to help U.S. carriers survive what was expected to be a temporary demand shock.
Scoot Modifies A320ceos For Cargo Charters
Credit: ScootSingapore LCC Scoot has converted its first Airbus A320ceo specifically for cargo charter flights as it seeks alternate revenue streams during the COVID-19 pandemic.
Bondholders Withdraw Competing Bid For Virgin Australia
Credit: Virgin AustraliaPrivate equity investor Bain Capital has a seemingly clear run to complete its acquisition of Virgin Australia after the withdrawal of a rival takeover proposal.
Regional Aircraft Lessor NAC Posts $639M Fiscal Year Loss
Credit: NACNordic Aviation Capital (NAC) has reported a $639 million loss for the fiscal year ended June 30, which included both the best and most difficult trading periods in the company’s 30-year history.
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