SpeedNews

SUN-AIR GERMANY has filed for bankruptcy after German authorities demanded repayment of almost US$10.6m.
Air Transport

EASTAR JET, South Korea is expected to file for court receivership in January 2021 to find a new investor.
Air Transport

AZUL, Brazil is expected to place new A330-900 (1952) into storage upon delivery and could keep aircraft there until 2022.
Air Transport

ALASKA AIR GROUP says its cash burn in 4Q20 was about $350m vs $399m in 3Q20; it expects burn of $125m-$150m in January, based on year-over-year drop
Air Transport

AIRCASTLE had $2.7m net income on $180.9m revenues for third quarter ended November 30 vs $59.5m on $248.9m a year ago; it owns 260 aircraft (vs 270 a
Air Transport

TRANSDIGM proposed private offering of $1.2b senior subordinated notes to help redeem outstanding notes due 2024..
Aerospace

AIR CANADA agreed to sell two 767-300ERs (TBA) to Cargo Aircraft Management (ATSG) for leaseback as converted freighters; aircraft will be converted
Air Transport

DELTA posted losses of $755m in 4Q20 (vs $1.1b profit in 4Q19) on 65% lower revenues and $12.4b in 2020 (vs $4.8b profit in 2019) on 64% lower
Air Transport

AVOLON priced private offering of US$1.5b in senior unsecured notes, expected to close on or about January 21.
Air Transport