SpeedNews

ERA

ERA (European Regions Airline Association) added Air Serbia, SprintAir and German Airways as members and now has 64.
Air Transport

DELTA AIR LINES restarted international service with three-times-weekly Detroit-London Heathrow and Atlanta-Frankfurt.
Air Transport

EL AL ISRAEL AIRLINES lost US$59.6m in 2019 (vs $52.2m loss in 2018) on 1.7% higher revenues; it has $169m in equity.
Air Transport

AIR ARABIA had AED71m net income in 1Q20 (vs AED128m in 1Q19) on 12% lower revenues; enplanements fell 14%.
Air Transport

RYANAIR had €1b net profit for 1Q20 (vs €885m in 1Q19) on 10% higher revenues; it has €4.1b in cash/330 unencumbered 737s.
Air Transport

CHORUS AVIATION had C$17.3m net loss on C$350m revenues in 1Q20 vs C$33.4m net income on C$344m in 1Q19 and says due to COVID-19, its intention to
Air Transport

THAI AIRWAYS reached agreement with Amedeo Air Four Plus to defer lease payments for four A350-900s for six months.
Air Transport

INDIGO sold new GTF-powered A321neo (8992) to Dragon Aviation Leasing, and leased it back (SPNWS; January 10).
Air Transport

AIRCASTLE initiated process to accept redelivery of four A330-200s from SOUTH AFRICAN AIRWAYS due to lessee default
Air Transport

US NAVY took dealivery of its 100th P-8A. BOEING has also delivered 22 P-8s to Royal Australian Air Force (12), UK Royal Air Force (2) and Indian Navy
Defense

AZUL lost R$6.1b in 1Q20 (vs R$125.3m net income in 1Q19) on 10.3% higher revenues and closed previously announced acquisition of TWO TAXI AEREO
Air Transport

GOL

GOL confirmed agreement with Boeing regarding compensation for 737 MAX grounding and order book restructuring resulted in R$0.5b of cash in April and
Air Transport

UNITED AIRLINES took delivery of another ex-China Southern A319-100 (2004) on lease from AerCap as part of deal for 25.
Air Transport

AIR SERBIA is postponing start of scheduled flights from June 1 to June 15 to comply with EC recommendations; relaunching of flights to limited number
Air Transport

NOLINOR AVIATION, Canada purchased ex-Alba Star 737-400 (24129) from Vx Capital Partners and ex-Xtra Airways 737-400 (24688) from AerSale; and has
Air Transport