SpeedNews

TRIUMPH GROUP says it has now divested 13 non-core businesses since 2016.
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

JETFLY AVIATION, Luxembourg took delivery of its fifth PC-24 and first PC-12 NGX and now operates 47 Pilatus aircraft.
Business Aviation

DUMONT JETS was recertified as a Wyvern Wingman Certified Operator for its safety standards in the aviation industry.
Business Aviation

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

ACI

ACI reports year-over-year airport pax traffic fell 91.3% in May; cargo fell 18%.
Air Transport

GOGO is eliminating 143 full-time positions (or 14% of its overall workforce), predominantly from its Commercial Aviation business, due to COVID-19
Aerospace

UNITED is expected to terminate its contract with EXPRESSJET and consolidate 50-pax aircraft operations into COMMUTAIR.
Air Transport

TRANSAVIA lost €111m in 2Q20 (vs €53m profit in 2Q19) on 97% lower revenues; activity levels were close to zero in April/May with progressive restart
Air Transport

SKYWEST lost $25.7m in 2Q20 (vs $88m profit in 2Q19) on 53% lower revenues, ending quarter with $762m in cash/marketable securities; total block hours
Air Transport