SpeedNews

CAE

CAE launched proposed underwritten marketed public offering of common shares in US/Canada for US$250m gross proceeds.
Aerospace

US

US agreed to temporarily suspend all retaliatory tariffs on direct exports from UK (due to Airbus dispute) in new joint approach to longstanding trade
Aerospace

LUFTHANSA GERMAN AIRLINES lost €4.7b in 2020 (vs €1.2b profit in 2019) on 75% lower revenues.
Air Transport

LUFTHANSA TECHNIK lost €508m on €3.7b revenues in 2020 vs €472m profit on €6.6b in 2019; it serviced 4,529 aircraft.
Air Transport

LUFTHANSA CARGO earned record €772m in 2020 (vs €1m profit in 2019) on 11% higher revenues.
Air Transport

STEVENS AEROSPACE was authorized by Prizm as installation center (four facilities) for its LED cabin lighting systems.
Business Aviation

Laura J. McGill, of Sandia National Laboratories, was elected President of the American Institute of Aeronautics and Astronautics (AIAA).
Special Topics

LUFTHANSA GROUP lost €6.7b in 2020 (vs €1.2b profit in 2019) on 63% lower revenues and ended year with €10.6b liquidity; enplanements dropped 75% to
Air Transport

BRUSSELS AIRLINES lost €293m in 2020 (vs €27m loss in 2019) on 72% lower revenues.
Air Transport

AUSTRIAN AIRLINES lost €319m in 2020 (vs €19m profit in 2019) on 78% lower revenues.
Air Transport

SWISS lost CHF654m in 2020 (vs CHF578m profit in 2019) on 65.2% lower revenues.
Air Transport