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Air Transport

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SINGAPORE AIRLINES

Mar 27, 2020
SINGAPORE AIRLINES is offering S$5.3b in new equity and up to another S$9.7b through 10-year Mandatory Convertible Bonds to increase liquidity during…
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AIRASIA GROUP

Mar 27, 2020
AIRASIA GROUP suspended majority of flight schedule and parked most of its fleet of 240 A320s, four A321s and 40 A330s.
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AIR SYCHELLES

Mar 27, 2020
AIR SYCHELLES suspended international operations due to COVID-19 (it has three A320s); it will continue Mahe-Praslin.
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MUNICH AIRPORT

Mar 27, 2020
MUNICH AIRPORT earned 345m in 2019 (vs 324 in 2018) on 4% higher sales.
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AIR ITALY

Mar 30, 2020
AIR ITALY confirmed receipt of some unbinding offers for company, which are being examined by two liquidators.
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QANTAS

Mar 30, 2020
QANTAS has retired its 747-400 fleet; last flight (32909) was operated between Santiago, Chile and Sydney.
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ETHIOPIAN AIRLINES

Mar 30, 2020
ETHIOPIAN AIRLINES has suspended flights to >80 international destinations due to COVID-19; it cut domestic capacity by 50%.
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EASYJET

Mar 30, 2020
EASYJET has parked its entire fleet due to COVID-19 crisis. It says there can be no certainty of a date for restarting commercial flights, and it is…
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AMERICAN AIRLINES

Mar 30, 2020
AMERICAN AIRLINES is now cutting year-over-year domestic capacity by 60-70% in April and 70-80% in May due to significantly decreased customer demand…
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SPIRIT AIRLINES

Mar 30, 2020
SPIRIT AIRLINES currently expects to reduce planned capacity by 45% in April and 75% in May; it ended February with unrestricted cash and short-term…
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AIR CANADA

Mar 30, 2020
AIR CANADA is now cutting year-over-year capacity by 85-90% in 2Q20 due to COVID-19 and placing 15,200 unionized workers on Off Duty Status and…
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AVIA SOLUTIONS GROUP

Mar 31, 2020
AVIA SOLUTIONS GROUP completed acquisition of BLUEBIRD NORDIC, Iceland, which has five 737-400Fs and one 737-300F.
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AEROCENTURY

Mar 31, 2020
AEROCENTURY lost $16.7m in 2019 (vs $8m loss in 2018) on 7.3% lower revenues, citing termination leases/repossession of four CRJs from ADRIA AIRWAYS…
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IATA

Mar 31, 2020
IATA is projecting airline industry could burn through $61b of cash reserves in 2Q20, while posting net loss of $39b, based on 68% drop in revenues…
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DAE

Mar 31, 2020
DAE has increased its available liquidity to US$2.8b; it reports it sold/novated 15 aircraft, acquired four and transitioned or extended leases on…
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US DOT

Mar 31, 2020
US DOT proposed US airlines receiving financial assistance under CARES Act maintain (through Sept 30) defined flight schedule to communities served…
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AIR ICELAND CONNECT

Apr 01, 2020
AIR ICELAND CONNECT has been integrated into ICELANDAIR; however, its AOC will remain separate. It has five Dash 8s.
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AMERICAN

Apr 01, 2020
AMERICAN is now expected to retire 76 older 737-800s, nine A330-300s and 20 E190s, in addition to 51 757s/767s that were previously identified, due…
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CLIVE DATA SERVICES

Apr 01, 2020
CLIVE DATA SERVICES says year-over-year air cargo volumes dropped 23% in March.
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PASSUR AEROSPACE

Apr 01, 2020
PASSUR AEROSPACE responded to request by IATA and developed ITOP Global Contingency Portal (GCP) to provide airlines with real-time sharing of…
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TUI

Apr 01, 2020
TUI received German government approval for €1.8b bridging loan from the KfW to increase its financial resources to €3.1b.
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US DOT

Apr 01, 2020
US DOT reports fuel cost for US scheduled airlines was $1.81 per gallon in February vs $1.98 in February 2019.
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VOLARIS

Apr 01, 2020
VOLARIS, Mexico now plans to cut capacity by 80% in April (vs original schedule) due to COVID-19.
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ACI WORLD

Apr 02, 2020
ACI WORLD is now predicting COVID-19 will reduce global passenger traffic by 38.1% (or 3.6b pax) in 2020, resulting in 45% drop (or >$76b) in world…
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IATA

Apr 02, 2020
IATA projects potential revenue loss by carriers in Africa and Middle East will reach US$23b (US$19b in Middle East and US$4b in Africa), translating…
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EU

Apr 02, 2020
EU approved scheme by French Govt to defer certain airline taxes to offset damages from COVID-19; airlines will be able to defer payments due March…
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CARGOJET

Apr 02, 2020
CARGOJET, Canada received government approval to increase limit of foreign ownership to 49% from 25% (SPNWS; Feb 28).
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AIR NEW ZEALAND

Apr 02, 2020
AIR NEW ZEALAND expects its annual revenue could drop from NZ$5.8b to less than NZ$500m due to COVID-19, based on current booking trends. It expects…
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FRONTIER AIRLINES

Apr 02, 2020
FRONTIER AIRLINES is cutting year-over-year capacity by 90% in April; no other details were presented.
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IATA

Apr 02, 2020
IATA projects potential revenue loss by carriers in Africa and Middle East will reach US$23b (US$19b in Middle East and US$4b in Africa), translating…
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INTL AIRLINES GROUP

Apr 02, 2020
INTL AIRLINES GROUP is now cutting year-over-year domestic capacity by 90% in April and May vs 75% previously planned.
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LATAM AIRLINES GROUP

Apr 02, 2020
LATAM AIRLINES GROUP is now cutting year-over-year capacity by 95% in April (affiliates in Peru, Argentina, Colombia and Ecuador remain suspended);…

Business Aviation

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EMBRAER

Mar 27, 2020
EMBRAER received type certificate from ANAC/EASA/FAA for Phenom 300E, which has intracontinental range of 2,010 nm.

Aerospace

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ROLLS-ROYCE

Mar 27, 2020
ROLLS-ROYCE is significantly reducing all but essential activity within its UK Civil Aerospace facilities through April 3; Defence facilties are…
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BOEING

Mar 30, 2020
BOEING says, to combat COVID-19, it will use 3D printing to manufacture face shields for emergency medical personnel and donate use of Dreamlifter to…
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LOCKHEED MARTIN

Mar 30, 2020
LOCKHEED MARTIN says, to combat COVID-19 crisis, it will advance >$50m to small- and medium-sized suppliers for liquidity, donate $10m to non-profit…
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EMBRAER

Mar 30, 2020
EMBRAER resumed essential activities, including customer support, aircraft maintenance and manufacturing, in Brazil on March 30; non-essential…
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AIRBUS

Mar 30, 2020
AIRBUS was forced to pause majority of Commercial Aircraft, Helicopters and Defence and Space production in Spain through at least April 9 due to…
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EDM, UK

Mar 30, 2020
EDM, UK installed A220 extended door trainer at Riga for airBaltic.
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GDC TECHNICS

Mar 30, 2020
GDC TECHNICS, TX began voluntary production of N95 compliant face masks for donation to local Fort Worth hospitals to combat the COVID-19 pandemic.
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ECLIPSE GLOBAL CONNECTIVITY

Mar 31, 2020
ECLIPSE GLOBAL CONNECTIVITY and DISPLAY INTERACTIVE (DI) signed strategic agreement to provide end-to-end IFEC solutions to airlines and business…
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VERTICAL RESEARCH PARTNERS

Mar 31, 2020
VERTICAL RESEARCH PARTNERS is projecting COVID-19 could result in about 25% decline in near-term new-aircraft demand over next five years to 6,300…
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AVCORP INDUSTRIES

Mar 31, 2020
AVCORP INDUSTRIES lost C$7.5m on C$165m revenues in 2019 vs C$15.6m profit on C$171m in 2018. It says results were negatively impacted by the lower…
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ONBOARD SYSTEMS INTERNATIONAL

Mar 31, 2020
ONBOARD SYSTEMS INTERNATIONAL has FAA STC to install its dual cargo hook kits for Bell 206L/407.
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VERTICAL RESEARCH PARTNERS

Mar 31, 2020
VERTICAL RESEARCH PARTNERS is projecting COVID-19 could result in about 25% decline in near-term new-aircraft demand over next five years to 6,300…
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RAYTHEON

Apr 01, 2020
RAYTHEON and UNITED TECHNOLOGIES received all required regulatory approvals to complete merger and form RAYTHEON TECHNOLOGIES CORPORATION; deal is to…
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HONEYWELL

Apr 01, 2020
HONEYWELL is adding manufacturing capabilities in Phoenix to produce N95 face masks for US Govt for COVID-19; it also produces masks in Rhode Island.
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ASTRONICS

Apr 01, 2020
ASTRONICS says COVID-19 is affecting about 25% of its business and has drawn down about $150m from its existing line of credit to augment cash on…
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AAR SUMISHO AVIATION SERVICES

Apr 01, 2020
AAR SUMISHO AVIATION SERVICES is being formed in Chicago by AAR and Sumitomo to distribute aircraft parts and provide logistics management for…
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THYSSENKRUPP AEROSPACE

Apr 01, 2020
THYSSENKRUPP AEROSPACE was selected by AVIC Chenfei Commercial Aircraft (CCAC) to supply an additional work package of 1,200 tonnes of aluminum for…
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CERTTECH

Apr 01, 2020
CERTTECH, KS has acquired WTI, MI (custom test system development).
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AIRBUS

Apr 01, 2020
AIRBUS is now producing 3D-printed medical visor frames at most of its sites in Spain.
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HOWMET AEROSPACE

Apr 01, 2020
HOWMET AEROSPACE, PA was spun off from Arconic into standalone company to provide advanced engineered solutions for the aerospace and transportation…
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HONEYWELL

Apr 01, 2020
HONEYWELL secured 2-year, $6b delayed draw term loan to maximize financial flexibility and further bolster liquidity; it closed 2019 with $10b in…
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BOEING

Apr 02, 2020
BOEING is initiating a voluntary layoff (VLO) plan for eligible employees to reduce need for other workforce actions; it says plan can help bridge…
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ADVANCED LOGISTICS FOR AEROSPACE

Apr 02, 2020
ADVANCED LOGISTICS FOR AEROSPACE (ALA) has acquired majority stake in INDUSTRIO (aerospace distributor), which will now operate as ALA GERMANY.
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COLIBRI AERO

Apr 02, 2020
COLIBRI AERO and J&C AERO developed cargo seat bag (30"x30"x58" to cover triple seat) for A320 Family; each triple can carry 495 lb plus 60 lb…
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ELEMENT

Apr 02, 2020
ELEMENT has developed a testing regime to cover the electromagnetic compatibility (EMC) and basic safety requirements for a Rapidly Manufactured…
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MESA

Apr 02, 2020
MESA deferred first delivery from GE Aviation of 20 spare CF34-8C5s from August 2020 to April 2021; last is due in Dec 2021.

MRO

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AIRFLOW SOLUTIONS

Mar 27, 2020
AIRFLOW SOLUTIONS has enhanced FAA Op-Specs approval for jet engine maintenance at its 65,000 sq ft facility in Tulsa.
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S.A.F.E. STRUCTURE DESIGNS

Mar 30, 2020
S.A.F.E. STRUCTURE DESIGNS has Airflow Solutions order to supply RB211-535 engine work stand.
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C&S PROPELLER

Mar 30, 2020
C&S PROPELLER, TX was approved to repair/overhaul Hamilton Sundstrand 568F propellers for ATRs, Dash 8s, Saab 340s and EMB 120s.
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AERONAUTICAL ENGINEERS

Mar 31, 2020
AERONAUTICAL ENGINEERS was approved by Transport Canada for its 11-pallet position 737-400SF freighter conversion and 10-pallet position 737-300SF…
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INNOVATIVE SOLUTIONS & SUPPORT

Apr 01, 2020
INNOVATIVE SOLUTIONS & SUPPORT received STC from Transport Canada to install ThrustSense autothrottle on the PC-12.
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STS AVIATION SERVICES

Apr 01, 2020
STS AVIATION SERVICES has EASA Part 145 approval for A320/A330/737/757 base maintenance at Birmingham, UK.
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CAVU AEROSPACE

Apr 01, 2020
CAVU AEROSPACE has increasaed capacity for aircraft storage/maintenance at Roswell, NM and Stuttgart, AR. It says facility in Roswell has up to 500…
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EIRTECH AVIATION SERVICES

Apr 02, 2020
EIRTECH AVIATION SERVICES received EASA Part 21J Level of Involvement approval to upgrade its DOA status to provide engineering change and repair…

Air Transport/MRO

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APOC AVIATION

Mar 30, 2020
APOC AVIATION acquired two ex-Air Macau A319-100s (1758/1790) for part out; it also sold an unidentified A321-200.

Who'sNews

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WHO'SNEWS: AERKOMM

Mar 30, 2020
James Busuttil to Chairman of the Board of Directors of Aerkomm, Fremont, CA.
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WHO'SNEWS: AERKOMM

Mar 30, 2020
Georges Caldironi to Chief Operating Officer of Aerkomm, Fremont, CA.
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WHO'SNEWS: AERKOMM

Mar 30, 2020
Louis Giordimaina to Chief Executive Officer of Aerkomm, Fremont, CA.
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WHO'SNEWS: AERKOMM

Mar 30, 2020
Jeffrey Wun to Chief Technology Officer of Aerkomm, Fremont, CA.
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WHO'SNEWS: TRIUMPH SYSTEMS AND SUPPORT

Mar 30, 2020
Nicole Rodieck to Vice President of Finance of Triumph Systems and Support.
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WHO'SNEWS: AVIATION PARTNERS

Mar 30, 2020
Joe Clark, co-Founder of Aviation Partners, passed away.
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WHO'SNEWS: ACRO AIRCRAFT SEATING

Apr 01, 2020
Neil Cairns to Chief Executive Officer of Acro Aircraft Seating, UK.

Air Transport/Finance

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IBA

Apr 02, 2020
IBA and SPLIT ROCK AVIATION are expecting downgrades to credit ratings of airlines’ aircraft asset-backed securities (ABS); servicers are now…