SpeedNews

LUFTHANSA GROUP says it has paid out >€2.3b in refunds to almost 5.4m customers, and has now paid out around 92% of all refunds from 1H20; it adds the
Air Transport

BRUSSELS AIRLINES received European Commission approval, under EU State aid rules, for €290m Belgian aid package.
Air Transport

SINGAPORE CHANGI AIRPORT handled 11.15m pax in 1H20, down 66.4% vs 1H19; aircraft movements dropped 53.1%.
Air Transport

TAAG ANGOLA AIRLINES took possession of two 737-700s (35954/35956) from SonAir part of Sonangol Group.
Air Transport

BOMBARDIER delivered its first Global 7500 with a dual head-up display (HUD) with Enhanced and Synthetic vision systems.
Business Aviation

Tino La Spina, CEO of Qantas International, is leaving Qantas Group; his duties will be absorbed by existing management.
Air Transport

BAIN CAPITAL is expected to proceed with its recapitalization of bankrupt VIRGIN AUSTRALIA after two competing bondholders, Singapore’s Broad Peak and
Air Transport

INTERNATIONAL AIRCRAFT DEALERS ASSOCIATION (IADA) reports that 177 business jet sales transactions were closed in June/July (103 in July alone), up 77
Business Aviation

SWISSPORT secured €300m interim financing from ad hoc group of creditors and now has >€500m liquidity. It also reached agreement with investors on
Air Transport

GULFSTREAM AEROSPACE and JET AVIATION opened 161,000 sq ft shared MRO/FBO facility at Palm Beach, FL; Gulfstream occupies 104,300 sq ft and Jet
Business Aviation

GKN FOKKER SERVICE has STC from CAAC for its ADS-B Out mod on 737NGs; STC includes all compliant transponder types.
MRO

DELTA AIR LINES confirmed plan to retire its 18 777-200LRs/777-200ERs by the end of October 2020 as part of adjusted trans-Atlantic and trans-Pacific
Air Transport

BLUE AIR received European Commission approval, under EU State aid rules, for Romanian loan guarantee of up to €62m.
Air Transport

PIAGGIO AEROSPACE secured €30m in financing from Banca Ifis (in form of an advance on contracts and factoring operations) to enable company to
Business Aviation

MAU TECHNIK (Ukraine Intl. Airlines) has EASA Part 145 certification to perform 737NG and E-Jet base maintenance.
MRO

TRIUMPH SYSTEMS & SUPPORT has indefinite delivery/indefinite quantity (ID/IQ) contract from Diehl Aviation to supply the service panel lever and cable
Special Topics

SOUTHWEST AIRLINES decided not to take $2.8b loan from US Treasury under CARES Act as it has successfully bolstered liquidity (it has raised &18.7b
Air Transport

ALAFCO reached agreement with Airbus to defer delivery of undisclosed number of 52 A320neo Family aircraft on order to match post-COVID demand
Air Transport

ACUMEN, Ireland launched Static Aircraft Management (SAM) initiative, including CAMO/records management, for aircraft in short-/long-term storage and
MRO

NORDIC AVIATION CAPITAL earned US$686m for year ended June 30 on 2% higher lease revenues vs a year ago, ending year with owned/managed/committed
Air Transport

AERION secured multi-million-dollar investment from SPACE FLORIDA to accelerate hiring of employees and construction of Aerion Park in Melbourne, FL
Business Aviation