SpeedNews

26th Annual Chi-Stat Reception, scheduled for June 10, 2020, has been canceled; it has scheduled its 2021 event for June 9.
Air Transport

QANTAS has officially placed Project Sunrise on hold, citing the impact of the COVID-19 pandemic on air travel.
Air Transport

VIRGIN ATLANTIC AIRWAYS announced it will be moving its flying program from London Gatwick to London Heathrow, with the intention of retaining its
Air Transport

VIRGIN ATLANTIC announced planned reduction of 3,150 jobs and says it will no longer use all of its seven 747-400s, with four A330-200s retiring in
Air Transport

AFRICAN EXPRESS AIRWAYS lost EMB-120RT (259) when aircraft was hit by missile during humanitarian flight in Somalia.
Air Transport

BERKSHIRE HATHAWAY announced that it has sold all of its airline stocks.
Air Transport

ACI WORLD now estimates COVID-19 will result in loss of >2b pax in 2Q20 and >4.6b for all of 2020, cutting total airport revenues by $39.2b in 2Q20
Air Transport

Dainius Staniulis to Vice President Commercial of Avion Express, Lithuania.
Air Transport

QANTAS secured another A$550m in funding against three 787-9s and now has short-term liquidity of A$3.5b. It is currently operating 5% of its pre
Air Transport

ALASKA AIR GROUP lost $232m in 1Q20 (vs $4m net profit in 1Q19) on 13% lower revenues and says demand remains >90% below normal levels. It has parked
Air Transport

AERCAP had $276.8m net income in 1Q20 (vs $234.2m in 1Q19) on 3% higher revenues; it ended quarter with owned/managed/committed fleet of 1,372
Air Transport

KLM

KLM began gradual restoration of its European network with daily E-Jet flights to Barcelona, Madrid, Rome, Milan, Budapest, Prague, Warsaw and
Air Transport

AER LINGUS is expected to cut employment by about 20% (or about 800-900 workers) due to the COVID-19 pandemic.
Air Transport

FAA

FAA

FAA forecasts US airline enplanements will grow 2.1% per year over next 20 years to 1.47 trillion in 2040 vs 916.7b in 2019, and projects US mainline
Air Transport