SpeedNews

MYANMAR AIRWAYS INTL took delivery of ex-China Southern E190 (529) on lease from CDB Aviation; two more are planned.
Air Transport

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

KUWAIT AIRWAYS took delivery the first two 235-pax A330-800s (1964/1969); it has ordered eight.
Air Transport

GLOBAL CROSSING AIRLINES has applied to change its jurisdiction of incorporation from the Province of British Columbia, Canada to State of Delaware to
Air Transport

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

OLYMPUS AIRWAYS agreed to lease two PRECISION-converted 757-200PCFs (27054/27056; ex-American) from Airwork.
Air Transport

SICHUAN AIRLINES, Chengdu leased new GTF-powered A321-200neo (9335) from AerCap.
Air Transport

SILVER AIRWAYS plans December 21 to begin twice-weekly Jacksonville-Tampa/-Fort Lauderdale (ATR).
Air Transport

AAPA estimates year-over-year member RPKs dropped 95.6% in September on 89% lower ASKs; enplanements fell 96.4%.
Air Transport

GENERAL DYNAMICS AEROSPACE earned $283m on $2b sales in 3Q20 vs $393m on $2.5b in 3Q19; it has $12b backlog, up from $11.4b a year ago. GULFSTREAM
Business Aviation

GE AVIATION earned $356m on $4.1b revenues in 3Q20 vs $1.7b on $8.8b in 3Q19; it delivered 329 commercial aviation engines (172 LEAPs) vs 714 (455
Aerospace

BOEING posted $466m net loss on $14.1b revenues in 3Q20 vs $1.2b profit on $20b in 3Q19 and says it anticipates a workforce of about 130,000 employees
Aerospace

KALITTA AIR agreed to lease first three IAI-converted 777-300ERSFs from GECAS Cargo for delivery starting in 2023. GECAS committed in 4Q19 to convert
Air Transport