SpeedNews

OAG

OAG says global capacity has now fallen to 26.6m seats per week vs 109m a year ago; rate of weekly capacity continues to decline, but it does at last
Air Transport

UNITED is making public offering of $2.25b of senior secured notes (secured by first priority security interests in a designated pool of 360 aircraft)
Air Transport

Sam Carvill joined Dynam Aviation Ireland to expand the lessor's credit and financial analysis areas.
Air Transport

GLOBAL CROSSING AIRLINES (GLOBALX) has secured C$100m equity investment from GEM and combined with CANADA JETLINES to launch ACMI/wet-lease charter
Air Transport

QATAR AIRWAYS plans phased expansion of operations from 30 to 50 destinations by end of May and 80 by end of June.
Air Transport

US DOT reports fuel cost for US scheduled airlines was $1.48 per gallon in March vs $2.02 in March '19 and $1.81 in Feb 2020.
Air Transport

ATSG reported $137.5m net profit in 1Q20 (vs $22.7m in 1Q19) on 12% higher revenues. CAM earned $15.8m on $79m revenues vs $16.2m on $75m, and has 75
Air Transport

AVOLON earned $154m on $644m lease revenue in 1Q20 vs $176m on $616m in 1Q19, and ended quarter with owned/managed/committed fleet of 855 aircraft and
Air Transport

Jim Nypels joined the Engine Trading Division of APOC Aviation, The Netherlands.
Air Transport

CARGO FACTS is reporting that >1,000 passenger aircraft are now in cargo operations; 777s and 787s account for 59%.
Air Transport

AEROLINEAS ARGENTINAS and AUSTRAL are expected to be merged by Argentinan Govt by the end of 2020.
Air Transport

AAPA says its 28 member airlines earned US$3.8b on US$210.5b revenues in 2019 vs $5.1b on $211.2b in 2018.
Air Transport

SAS

SAS secured 3-year, SEK3.3b revolving credit facility that is 90% guaranteed by Swedish and Danish states.
Air Transport

LUFTHANSA GROUP received shareholder approval to transfer €298m retained profits from 2019 to other revenue reserves.
Air Transport

COMAIR, South Africa entered business rescue to restructure, building on the turnaround plan that management was already implementing; it aims to
Air Transport