SpeedNews

PHILIPPINE AIRLINES is expected to file for Chapter 11 bankruptcy by the end of May, according to unconfirmed reports.
Air Transport

AIRBALTIC sold A220-300 (55114) to Aviation Capital Group and leased it back; three more are planned. It now has 26 A220s.
Air Transport

BOEING has Northern Aviation Services contract to convert four 767-300ERs to cargo for operation by Northern Air Cargo.
MRO

NORWEGIAN AIR SHUTTLE negotiated and signed agreements for four owned and 44 leased aircraft and intends to operate fleet of 51 aircraft on a short
Air Transport

FLYDUBAI had AED712m net loss for 2020 (vs AED198.2m profit in 2019) on 53% lower revenues; it ended year with 51 737s.
Air Transport

WILLIS LEASE FINANCE had $2.2m net loss on $61.1m revenues in 1Q21 vs $3.5m profit on $81.6m in 1Q20; it current-ly has 295 engines (vs 260 a year ago
Air Transport

VIRGIN AUSTRALIA re-leased 737-800 (41010) from AerCap; aircraft had been stored at Goodyear, AZ.
Air Transport

TRIUMPH AVIATION SERVICES ASIA signed MOU with Thai Aviation Industries to cooperate on training, business development and maintenance services
MRO

STANDARDAERO has Air Seychelles contract to provide PT6A-34 maintenance at Johannesburg to support DHC-6 Twin Otters.
MRO

STATUS JET, TX opened a European business jet charter brokerage/sales and acquisition office in Paris, France.
Business Aviation