SpeedNews

AVOLON lost $162m in 2Q20 (vs $185m profit in 2Q19) on 9% lower revenues; it has owned/managed/committed fleet of 824 aircraft. It says 12 customers
Air Transport

TEXTRON AVIATION lost $66m on $747m revenues in 2Q20 vs $105m profit on $1.1b in 2Q19; performance included $53m of idle facility costs. It delivered
Business Aviation

WILMINGTON TRUST was appointed by Nordic Aviation Capital as its security trustee for US$6b debt restructuring.
Air Transport

ALLEGIANT AIR lost $105.4m in 2Q20 (vs $115.5m profit in 2Q19) on 73.5% lower revenues. It reduced 2Q20 capacity by 50.1% and anticipates 3Q20
Air Transport

LAX

LAX reported a year-to-year drop in pax traffic of 87.1% in June; cargo fell 9.6%.
Air Transport

FRONTIER agreed to sell three US-assembled A320neos with LEAPs to CDB Aviation for leaseback; first (10031) delivered.
Air Transport

AIR ATLANTA ICELANDIC purchased ex-China Cargo 747-400F (28263) with PW4056s from GECAS for sublease to SAUDIA.
Air Transport

EGYPTAIR took delivery of new LEAP-powered A320neo (10072) on lease from AerCap as part of deal for 15.
Air Transport

ASI AERO, FL completed part out of ex-Adria CRJ900 (15129), which was acquired from AeroCentury (SPNWS; Nov 22).
Aerospace

BOEING has pushed back first delivery target of 777X to 2022; it currently has 309 orders from over eight customers.
Aerospace

BOEING GLOBAL SERVICES lost $672m on $3.5b revenues in 2Q20 vs $687m profit on $4.5b in 2Q19; it has $18b backlog.
MRO

S7

ANA HOLDINGS had ¥108.8b net loss for first quarter ended June 30 (vs ¥11.4b profit a year ago) on 76% lower revenues.
Air Transport

SABENA AEROSPACE and BLUE AEROSPACE (HEICO) teamed to acquire all assets related to Belgian AF C-130 fleet, including aircraft, engines, propellers
Defense

GE AVIATION lost $680m in 2Q20 (vs $1.4b profit in 2Q19) on 44% lower revenues; it has $258b backlog. It booked orders for 58 commercial engines (24
Aerospace