SpeedNews

AVIATION WEEK NETWORK revised its forecast and now projects worldwide delivery of 16,900 commercial aircraft (33,900 engines) over next 10 years, down
Aerospace

US DOT ordered suspension of all US-Cuba charters (effective Oct 13), except for authorized public charters to/from Havana.
Air Transport

AZUL lost R$2.9b in 2Q20 (vs R$352m net profit in 2Q19) on 85% lower revenues and ended quarter with R$3b in cash, equal to 32% of its revenue over
Air Transport

MWANT JET, Congo acquired ex-Eastern Airways ERJ 145LR (601) in deal arranged by Skyworld Aviation.
Air Transport

AIR FRANCE reached agreement with SNPL (main pilots' union) to enable TRANSAVIA FRANCE to operate domestic routes in France; Transavia will shortly be
Air Transport

TUI

TUI secured €1.2b stabilization package from KfW, which includes extending existing credit line by €1.05b and issuing a Convertible Bond in the amount
Air Transport

CHORUS AVIATION had C$29.2m net income in 2Q20 (vs C$38.9m in 2Q19) on 44.6% lower revenues; it owns 59 aircraft. It ended June with C$38.4m in lease
Air Transport

S7 AIRLINES, Russia agreed to acquire two 737-800BCFs from GECAS for delivery in November 2020/January 2021.
Air Transport

Cesar Pereira to Vice President of Europe, Middle East and Africa (EMEA), based in Amsterdam, of Embraer Commercial Aviation.
Air Transport

FLY LEASING had $9.6m net profit in 2Q20 (vs $54m in 2Q19) on 38.5% lower lease revenue; it has 86 aircraft vs 89 a year ago.
Air Transport

LUFTHANSA TECHNIK extended 737NG Total Base Maintenance Support contract (out of Budapest, Hungary) with Norwegian.
MRO

NORDICA has EC approval for €30m Estonian State aid comprising €22m share capital increase/€8m subsidized interest loan.
Air Transport

AVATION repurchased/cancelled US$1.6m in senior notes due 2021 (at 71% of face value), leaving US$344m outstanding.
Air Transport

GA TELESIS ENGINE SERVICES launched new remote table inspection solution for engine parts and began developing new system where customer remotely
MRO