SpeedNews

AEA

SOUTH AFRICAN AIRWAYS is cancelling all scheduled flights on regional/international services until end of June 2020, but plans to restart Johannesburg
Air Transport

EMIRATES plans to deploy all of its aircraft, including A380s, by mid-2022, based on its outlook for recovery to pre-crisis levels; it is dismissing
Air Transport

Rushi Shah to an Associate of Vx Capital Partners (Vx), San Francisco.
Air Transport

FIJI AIRWAYS secured sovereign guarantees from Fijian Govt in support of FJ$450m of initiatives to bolster cash reserves, including payment deferrals
Air Transport

ENTER AIR had PLN85m net income in 2019 (vs PLN58.5m in 2018) on 25% higher revenues. It has 22 737NGs/two MAXs.
Air Transport

BRUSSELS AIRLINES plans June 15 to restart service with downsized summer schedule, consisting of 30% of original schedule in Europe and 40% of long
Air Transport

PORTER AIRLINES is deferring its resumption of flights by another month until July 29, due to COVID-19 travel restrictions.
Air Transport

VIRGIN ORBIT, CA conducted launch demonstration of air-launched rocket off of modified 747-400, but after successful early stages, including a clean
Defense

LIEBHERR-AEROSPACE LINDENBERG has Leonardo contract to overhaul 62 primary flight control actuators for the Eurofighter.
Defense

ATR

LUFTHANSA received terms for package of stabilization measures and loans of up to €9b from Economic Stabilization Fund (WSF); under deal, WSF would
Air Transport

CONGO AIRWAYS converted firm orders for two E175s to E190-E2s for delivery from 2Q22; deal includes two purchase rights.
Air Transport

LATAM AIRLINES GROUP initiated a voluntary reorganization and restructuring of debt under Chapter 11 protection in US with the support of the Cueto
Air Transport

KAMAN UK delivered 80,000th rear fuselage packer to BAE Systems for F-35; packers, plus 1,000 plenum ducts, have been used to produce >500 aircraft.
Defense

IATA expects airline industry will increase its global debt by 28% to $550b at end 2020 from $430b at end 2019; the $120b in new debt is composed of
Air Transport

STAR AIR, India has restarted flight operations with three ERJs.
Air Transport

AIR CANADA set abridged summer 2020 schedule that serves 97 destinations vs 220 a year ago; schedule will increase from 34 routes in May (services to
Air Transport

AIR ASTANA is launching an international air cargo division with three 767-300s following review of its fleet plans in wake of COVID-19 crisis; cabin
Air Transport

AIR NEW ZEALAND is reducing its executive team from nine to six as it creates a smaller airline due to COVID-19; it expects it will take two years to
Air Transport