SpeedNews

YIELDSTREET, NY has launched an Aviation Fund to provide aviation investors with low-cost exposure to its commitments for approximately 40 leased
Air Transport

US DOT says US scheduled pax airlines employed 379,302 full-time equivalent (FTE) workers in December (lowest since Jan 1990), down 16.7% vs Dec 2019.
Air Transport

GROUPE ADP (formerly Aéroports de Paris) had €1.5b net loss in 2020 (vs €637m net income in 2019) on 54.5% lower revenues; airport fees fell 64%.
Air Transport

S7 AIRLINES, Russia leased 737-800BCF (33545; ex-Ryanair) from GECAS; aircraft was converted by STAECO in Shandong.
Air Transport

WESTJET has suspended service to St. John's; London, ON; Lloydminster; and Medicine Hat through June 24 due to COVID-19.
Air Transport

AFI KLM E&M lost €543m on €2.9b revenues in 2020 vs €260m profit on €4.6b in 2019; third party revenues fell 41.4%.
MRO

AIR FRANCE-KLM GROUP had €1b net loss for 4Q20 (vs €156m profit in 4Q19) on 64.3% lower revenues; and €7.1b net loss for 2020 (vs €293m profit in 2019
Air Transport

VISTARA plans March 3 to begin three-times-weekly Mumbai-Male (A320neo)
Air Transport

FINNAIR GROUP lost €595m in 2020 (vs €163m profit in 2019) on 73.2% lower revenues; enplanements were down 76.2%.
Air Transport

FLYDUBAI reports it has begun process of preparing its 737 MAXs for return to service following announcement by GCAA outlining requirements; it has 11
Air Transport

JET IT CANADA was formed to provide private charters in Canada with 10 HondaJets managed by SKYSERVICE BUSINESS AVIATION.
Business Aviation

MTU AERO ENGINES had €147m net income on €4b revenues in 2020 vs €488m on €4.6b in 2019; commercial OEM revenues fell 32% and commercial maintenance
Aerospace

AIR CÔTE D'IVOIRE took delivery of its first LEAP-powered A320neo (10197); it also has two A319neos on firm order.
Air Transport

NAV CANADA reports year-over-year traffic drop of 56.8% in January 2021.
Air Transport

AIRBUS had €1.1b net loss on €49.9b revenues in 2020 (vs €1.4b loss on €70.5b in 2019); commercial aircraft segment lost €1.3b on €34.3b revenues vs
Aerospace

QANOT SHARQ AIRLINES, Uzbekistan leased two ex-Interjet A320-200s (2539/3021) with CFM56s from ALC for startup.
Air Transport

DE HAVILLAND CANADA plans to pause Dash 8 production after building last aircraft on backlog (expected in 1H21) and will close/leave production site
Aerospace

Dr. Tammy McKnight was named the first Chief Medical Officer of WestJet, Canada.
Air Transport

Helfried Schwarz to General Counsel of Orix Aviation, Dublin.
Air Transport

Mike MacConnie, Chief Technical Officer of Orix Aviation, Dublin, was also named Chief Operating Officer.
Air Transport

TUI FLY BELGIUM relaunched 737 MAX revenue service (first in Europe) on Brussels-Malaga; its now has four 737-8s.
Air Transport

PLANET NINE has added Global Express, based at Bournemouth, and a Falcon 7X, based at Farmington, NY, to its charter fleet.
Business Aviation