SpeedNews

ATR

ATR announced it is cutting production in half and as such rightsizing its organization affecting 204 positions. It plans to work together with its
Aerospace

ALASKA secured $1.2b in private loans via an EETC offering using 61 owned aircraft (26 737-800s/16 737-900ERs/19 E175s) as collateral, to remain
Air Transport

EL AL had $140m net loss in 1Q20 (vs $55m loss in 1Q19) on 25% lower revenues and has decided to extend suspension of flight operations through July
Air Transport

WEST STAR AVIATION was approved by FAA for Global, Phenom, and Legacy 120/134/145 maintenance at Perryville, MO.
Business Aviation

BBAM mandated Mitsubishi UFJ Financial Group to provide financing for three A321-200s and one 737-900ER leased to Delta.
Air Transport

NBAA cancelled its 2020 Business Aviation Convention & Exhibition, which had been scheduled for October 6-8 in Orlando.
Business Aviation

BLACKROCK, NY acquired 5.5m preferred shares of GOL, Brazil, increasing it ownership to 5.25% of the total preferred shares.
Air Transport

AMERICAN is reducing planned long-haul international capacity for winter 2020-summer 2021 to be about 25% vs 2019.
Air Transport

EASYJET has begun process to close bases at Stansted, Southend and Newcastle, according to news reports out of UK.
Air Transport

IATA reports year-over-year global pax traffic decreased 91.3% in May on 86% lower capacity; cargo traffic fell 20.3%.
Air Transport