SpeedNews

GMF AEROASIA, Indonesia lost $31m in 1Q20 vs $3m profit in 1Q19; it has 135,000 sq meter hangar space at Soekarno-Hatta.
MRO

STRATTON AVIATION TECHNICAL SERVICES was formed at Plattsburgh International Airport to provide aircraft/engine dismantlement, storage and asset
MRO

NORDIC AVIATION CAPITAL received unanimous lender approval to implement standstill/deferral of certain loan payments.
Air Transport

KRÜGER AVIATION, Germany and LUFTHANSA TECHNIK teamed to develop a lightweight (600-800 grams) economy class seat divider provide physical separation
Aerospace

GOL

GOL ended 1H20 with total liquidity of R$3.3b, which represents >12 months of cash reserves (excluding refunds and restricted cash). It estimates it
Air Transport

SR TECHNICS introduced remote table inspections (using video streaming portal) for any engine type or shop visit.
MRO

LATAM AIRLINES GROUP formalized second tranche of US$1.3b in DIP financing committed by Oaktree Capital Management and its affiliates.
Air Transport

AIR LEASE CORPORATION delivered only one aircraft (A320neo) from its orderbook in 2Q20 vs 16 in 2Q19, and ended quarer with owned/managed/committed
Air Transport

ROLLS-ROYCE reports that year-over-year widebody engine flying hours were down 50% in 1H20 (75% in 2Q20); MRO activity was broadly stable in 1H20, but
Aerospace

UNITED AIRLINES is planning on cutting its US-based workforce by up to 36,000 employees during 4Q20. It expects year-over-year capacity to be down 75%
Air Transport