SpeedNews

S&P GLOBAL updated its global air passenger traffic forecasts and now expects traffic (vs 2019) to fall 60-70% in 2020, which is weaker than the 50-55
Air Transport

AEA

ICELANDAIR settled with Boeing on compensation over 737 MAX grounding (it has six); terms are confidential, but it did say deal reduces purchase
Air Transport

CAE

CAE lost C$110.6m in first quarter ended June 30 (vs C$61.5m net income a year ago) on 33% lower revenues; Civil Aviation Training Solutions lost C$97
Aerospace

AZUL reached agreements with its aircraft lessors on debt relief equal to R$3.2b through end 2021. It will follow an adjusted payment schedule based
Air Transport

TGIS AVIATION MANAGEMENT, UK and BCT AVIATION MAINTENANCE, UK formed partnership to offer a combined asset management, storage maintenance and return
MRO

Edward Leigh to Client Director of Zedra, Isle of Man to spearhead aviation and marine structuring growth.
Air Transport

ICELANDAIR reached agreements on concessions with creditors to restructure its cash outflows to match expected inflows; deals are conditioned upon
Air Transport

ALTA members flew 227.5b RPKs in 1H20, down 51.3% vs 1H19; capacity dropped 44.8% to 309.7b ASKs. PLF was 73.4%.
Air Transport

ALTA members flew 4.2b RPKs in June, down 94.3% vs June 2019; capacity dropped 92.9% to 6.4b ASKs. PLF was 65.3%.
Air Transport

Kiran Koteshwar to Group Chief Financial Officer of Green Africa, Nigeria.
Air Transport

ERNEST, Italy is expected to re-emerge in late 2020 as regional carrier operating ATR 72-600s. It shut down in January.
Air Transport

US CONGRESS introduced Aviation Manufacturing Jobs Protection Act of 2020 to establish temporary relief program to share up to 50% of costs of pay
Aerospace

BOEING delivered four aircraft (767-300F; 777F; two 787s) in July vs 19 (two 737NGs; three 767s; two 777Fs; 12 787s) in July 2019. It recorded zero
Air Transport

AIR ARABIA lost AED169m in 1H20 (vs AED338m net profit in 1H19) on 53% lower revenues; enplanements fell 57%.
Air Transport