SpeedNews

CARGOLUX had US$769m net profit in 2020 (vs $20m in 2019) on 40% higher revenues, and ended year with 30 747Fs.
Air Transport

EUMET, Munich was formed by MTU Aero Engines and Safran Aircraft Engines to oversee development/production/support of new engine, in partnership with
Defense

ALLCLEAR (dba Aero Precision), CA was selected by PPG as international distributor for its F-16 aircraft transparency products and manage repairs.
Defense

BREEZE AIRWAYS took delivery of ex-Air Canada E190 (115) on lease from Nordic Aviation Capital.
Air Transport

MESA AIR GROUP has secured $195m from US Treasury via Payroll Support Program 3 in exchange for stock warrants.
Air Transport

LUFTHANSA GROUP had €1b net loss in 1Q21 (vs €2.1b loss in 1Q20) on 60% lower revenues, and ended quarter with €10.6b in liquidity; traffic revenues
Air Transport

JUNEYAO AIRLINES, China leased new GTF-powered A321neo (10276) from Aviation Capital Group.
Air Transport

EMBRAER had US$89.7m net loss on US$807.3m revenues (33.7% commercial aviation) in 1Q21 vs US$292m loss on US$633.8m (21.9%) in 1Q20 and ended quarter
Aerospace

CATHAY PACIFIC plans May 21 to resume weekly Hong Kong-Dubai (A330-300).
Air Transport

PEGASUS plans May 7 to begin twice-weekly Istanbul-Batumi, Georgia/-Odesa, Ukraine/-Iğdır, Turkey (737).
Air Transport