SpeedNews

TAG AERO and ITS finalized previously announced joint venture agreement to provide 131-9 Series APU support solutions for 737NG and A320 operators.
MRO

JET NORDIC GROUP acquired NOVAIR, Sweden (two A321neos) from tour operators Apollo and Der Tourisitik, and plans to combine airline with Jettime
Air Transport

CARGO AIRCRAFT MANAGEMENT commenced add-on offering of $150m in senior notes; it also increased its revolving credit facility from $600m to $1b using
Air Transport

RYANAIR expects to report a pre-exceptional net loss of €800m-€850m net loss for year ended March 31 (FY21) vs previously guided range of €850m-€950m
Air Transport

IATA reports global pax traffic dropped 74.7% in February (vs Feb 2019) on 63.1% lower capacity; cargo traffic increased 9%.
Air Transport

AVOLON completed 31 lease transactions in 1Q21 (vs 39 in 1Q20), delivered eight new aircraft (vs 29), and transitioned three to follow-on lessees (vs
Air Transport

John Calcagno to Acting President and Chief Executive Officer of Piper Aircraft, Vero Beach, FL.
Business Aviation

SILVER AIRWAYS plans June 3 to begin twice-weekly Jacksonville, FL-New Orleans, LA (ATR 42).
Air Transport

AVIATRIX, CA was selected by Republic Airways to provide cloud network platform to simplify operations of its multi-cloud network environment.
Air Transport

US DOT reports fuel cost for US airlines was $1.60/gallon in February 2021 vs $1.81 a year ago; YOY consumption fell 43%.
Air Transport

ALLEGIANT plans to invest $75m to establish base at Austin-Bergstrom International, TX in mid-November with three A320s.
Air Transport