SpeedNews

WIZZ AIR agreed to sell four GTF-powered A321neos to CDB Aviation for leaseback; deliveries are scheduled for 2021.
Air Transport

AIRASIA GROUP lost RM1.2b in 2Q20 (vs RM47m net income in 2Q19) on 96% lower revenues; it says it is seeing positive signs of recovery with strong
Air Transport

AIRBALTIC lost €185m in 1H20 (vs €26.6m loss in 1H19) on 62% lower revenues. It says it began year on solid track, continuing its sustainable growth
Air Transport

AMERICAN announced plan to cut 19,000 jobs (17,500 union workers/ 1,500 administration and management jobs) in 4Q20 and says it expects to have 40,000
Air Transport

AAR

AAR and CORPORATION FOR SKILLED WORKFORCE (CSW) teamed to work with community colleges and technical training providers in strategic locations to
MRO

TEXEL AIR, Bahrain leased 737-700 FlexCombi (30293; ex-Yakutia) from Aviation Capital Group; PEMCO converted aircraft.
Air Transport

TIANJIN AIR CARGO leased 737-700BCF (29086; ex-Xiamen) from Spectre Cargo Solutions (through NGF Overseas Aircraft); HAITE performed IAI mod. Spectre
Air Transport

SAS GROUP posted SEK2.3b loss for third quarter ended July 2020 (vs SEK1.2b profit a year ago) on 81% lower revenues, and says demand is slowly
Air Transport

FINNAIR increased savings target in permanent cost base reductions by 2022 (vs 2019) by €20m to €100m, covering such areas as real estate, aircraft
Air Transport

SAS

SAS reached agreement with Airbus to defer eight A320neo and two A350-900 deliveries to reduce CAPEX for 2021-2024.
Air Transport

BA CITYFLYER leased ex-China Southern E190 (513) from CDB Aviation.
Air Transport

FINNAIR sold A350-900 (392) to Nomura Babcock & Brown, and leased it back for 12 years; BBAM will manage aircraft.
Air Transport