SpeedNews

REX

REX, Australia agreed to lease six 737-800s from two separate unidentified lessors to launch domestic jet services, funded by PAG ASIA CAPITAL, in
Air Transport

SKYWEST secured 5-year, $573m loan facility from US Treasury Department under CARES Act; it accessed initial $60m.
Air Transport

SPIRIT AEROSYSTEMS announced $500m in private offering (originally $400m) of senior secured first lien notes due 2025.
Aerospace

TEXTRON AVIATION made first flight of third Cessna SkyCourier test aircraft (P2); aircraft will primarily be used to focus on avionics testing
Business Aviation

AVANTUS AEROSPACE acquired Southern California-based FASTENER INNOVATION TECHNOLOGY (FIT).
Aerospace

IATA reports year-over-year pax traffic decline of 75.3% in August 2020 on 63.8% lower capacity; cargo fell 12.6%.
Air Transport

LAX