SpeedNews

SPIRIT AEROSYSTEMS had $870m net loss on $3.4b revenues in 2020 vs $530m net profit on $7.9b in 2019; it has $34b backlog.
Aerospace

AIR LEASE CORPORATION had $501m net income on $2b revenues in 2020 vs $575m on $2b in 2019, and ended year with owned/managed/committed fleet of 774
Air Transport

ISRAEL signed Letter of Acceptance (LOA) for two KC-46s, becoming Boeing's second international customer for tanker.
Defense

AMAZON PRIME AIR leased 767-300BCF (27448; ex-American) from CAM (ATSG) for operation by AIR TRANSPORT INTL.
Air Transport

AEROMEXICO (Chapter 11) drew down its third and final disbursement of US$675m under its DIP financing agreement.
Air Transport

AIR EXPRESS ALGERIA leased ex-Zimex B1900D (UE-379) and ex-Solenta Let 410 (3001) from ACIA Aero Leasing.
Air Transport

ITA TRANSPORTES AEREOS, Brazil leased ex-Vueling A320-200 (2589) with V2500s from Carlyle Aviation Partners.
Air Transport

CPaT, TX is seeing signs of airline recovery via growing demand for aviation training distance learning (28 new client contracts/upgrades in last 60
Air Transport

MID-CONTINENT INSTRUMENTS AND AVIONICS, KS unveiled Flex custom function display (CFD) with customizable configuration (inputs and outputs), user
Business Aviation

EMBRAER delivered its first Praetor 500 mid-size business jet in Brazil to undisclosed customer; aircraft has 3,340 nm range.
Business Aviation

EASTERN AIRLINES announced it purchased two 777-200ERs (28410; ex-VIM/33683; ex-Kenya) for scheduled services and plans to lease two 777Fs (TBA) for
Air Transport

UNITED 777-200 (26930) suffered right engine failure after takeoff from Denver on Feb 20; aircraft landed safely. BOEING recommended suspending
Air Transport

BRITISH AIRWAYS (International Airlines Group) raised its total liquidity to £2.45b after securing two new financing agreements comprising £2b UKEF
Air Transport