SpeedNews

GOL

GOL, Brazil posted R$2b net loss for 2Q20 (vs R$121m loss in 2Q19) on 89% lower revenues; it ended quarter with R$3.3b liquidity (R$2.8b in cash) and
Air Transport

AIR FRANCE-KLM had €2.6b net income for 2Q20 (vs €98m profit in 2Q19) on 83.3% lower revenues; it has €14.2b liquidity. AIR FRANCE lost €1.1b (vs
Air Transport

AER LINGUS lost €316m in 1H20 (vs €78m operating profit in 1H19) on 61% lower revenues.
Air Transport

VUELING lost €386m in 1H20 (vs €5m operating profit in 1H19) on 70% lower revenues.
Air Transport

IBERIA lost €867m in 1H20 (vs €109m operating profit in 1H19) on 48% lower revenues.
Air Transport

BRITISH AIRWAYS lost €2.5b in 1H20 (vs €873m operating profit in 1H19) on 56% lower revenues.
Air Transport

INTL AIRLINES GROUP lost €1.5b in 2Q20 (vs €812m loss in 2Q19) on 89% lower revenues; in anticipation of flying reduced capacities in 3Q20 (-74%) and
Air Transport

AFI KLM E&M lost €318m in 2Q20 (vs €52m profit in 2Q19) on 55% lower revenues (third party -58%); it has €9.6b backlog.
MRO

HAWAIIAN AIRLINES sold two GTF-powered A321neos (9223/9547) to SKY Leasing, and leased them back (SPNWS; July 31).
Air Transport

AIR CANADA posted net loss of C$1.8b in 2Q20 (vs C$343m net profit in 2Q19) on 89% lower revenues, ending quarter with C$9.1b unrestricted liquidity
Air Transport

Murtaza Hassan to General Manager of Gulfstream St. Louis, MO.
Business Aviation

TRIUMPH SYSTEMS & SUPPORT was selected by Global Aerospace Logistics (GAL), Abu Dhabi to provide MRO products and services for accessories/components
Defense

GLOBAL CROSSING AIRLINES says it expects in 2H20 to finalize deals to acquire 10 A320 Family aircraft, plus 5-10 converted A321Fs, for delivery
Air Transport

HAWAIIAN AIRLINES soald two GTF-powered A321neos (TBA) to unidentified lessor for leaseback; deal raised $114m.
Air Transport

AIRBUS says its commercial aircraft are now being produced at rates in accordance with new production plan (cut to 40 A320s, two A330s and six A350s
Aerospace

AIRBUS had €1.14b net loss in 2Q20 (vs €1.2b net income in 2Q19) on 55% lower revenues; Commercial Aircraft lost €1.9b (vs €1.2b profit) on 65% lower
Aerospace

SAFRAN had €517 net income for 1H20 (vs €1.4b in 1H19) on 28% lower revenues; year-over-year Aerospace Propulsion revenues decreased 31.4%, Aircraft
Aerospace