SpeedNews

JAL

JAL had ¥93.7b net loss in first quarter ended June 30 (vs ¥12.9b net profit a year ago) on 78.1% lower revenues; it has ¥394.3b cash. It says it
Air Transport

TUI TRAVEL AVIATION FINANCE agreed to sell five 737 MAX-8s to BOC Aviation for leaseback from 2021 for operation by TUI.
Air Transport

AIR INDUSTRIES GROUP says it is accelerating its growth strategy in response to pandemic-induced, severe contraction in aerospace industry; it issued
Aerospace

UNITED AIRLINES plans to resume service on nearly 30 international routes in September and says it intends to fly 37% of its overall schedule (30%
Air Transport

ARLINGTON CAaPITAL PARTNERS agreed to acquire Triumph Group's composites operations (structural and engine composite fabrications and assemblies)
Aerospace

Susie Corn to Regional Sales Manager-Sou\th Central United States of Duncan Aviation, Lincoln, NE.
Business Aviation

LUFTHANSA TECHNIK inducted 240 technical apprentices for nine different training courses and six dual study programs.
MRO

ELEMENT was selected by FRISA, Mexico to provide materials testing of critical forged components for aircraft/industrial gas turbines, as well as
MRO

GULFSTREAM AEROSPACE opened new parts distribution hub near Atlanta Hartsfield with $23m parts inventory; CRANE WORLDWIDE LOGISTICS is providing
Business Aviation

GDC TECHNICS redelivered 777-300ER completed with exterior mods/custom interior for confidential Head-of-State customer.
MRO

AZUL, Brazil reports it ended 1H20 with total liquidity of R$2.3b and expects to burn R$3m cash per day through end 2020.
Air Transport

MTU AERO ENGINES had €13.2m net income for 2Q20 (vs €102.8m in 2Q19) on 30% lower revenues; 1H20 sales fell 8.7%.
Aerospace

SPIRIT AEROSYSTEMS announced it is further reducing workforce on commercial programs at Wichita by another 1,100 employees (450 layoffs) due to lower
Aerospace