SpeedNews

BOEING confirmed plans to drop monthly production rates of 787 (from 10 to six) and 777/777X (from five to two) in 2021; it plans gradual increase of
Aerospace

AVOLON posted $41m loss on $504m revenues in 3Q20 vs $161m profit on $651m in 3Q19, and ended quarter with total liquidity of >$5.7b and owned/managed
Air Transport

MTU AERO ENGINES had €16m net income on €908m revenues in 3Q20 vs €125.5m on €1.2b in 3Q19. It has €18.8b backlog.
Aerospace

TEXTRON AVIATION lost $29m on $795m revenues in 3Q20 vs $104m profit on $1.2b in 3Q19; it delivered 25 jets/21 commercial turboprops vs 45/39 a year
Business Aviation

BOEING is anticipating reducing its office footprint by about 30% as it says working virtually is working better than expected.
Aerospace

BOEING GLOBAL SERVICES earned $271m on $3.7b revenues in 3Q20 vs $673m on $4.7b in 3Q19; it secured agreements with GECAS for 11 737-800 freighter
MRO

BOEING is assuming $9.1 in liabilities for 737 MAX program; it has to date paid out $3.1b and has another $2.6b in settlements.
Aerospace

FINNAIR lost €167m in 3Q20 (vs €100.7m profit in 3Q19) on 88.7% lower revenues and has increased its savings target by €40m to €140m; plan still
Air Transport