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Air Transport

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INDIGO

May 18, 2020
INDIGO sold new GTF-powered A321neo (8992) to Dragon Aviation Leasing, and leased it back (SPNWS; January 10).
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THAI AIRWAYS

May 18, 2020
THAI AIRWAYS reached agreement with Amedeo Air Four Plus to defer lease payments for four A350-900s for six months.
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CHORUS AVIATION

May 18, 2020
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…
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RYANAIR

May 18, 2020
RYANAIR had €1b net profit for 1Q20 (vs €885m in 1Q19) on 10% higher revenues; it has €4.1b in cash/330 unencumbered 737s.
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AIR ARABIA

May 18, 2020
AIR ARABIA had AED71m net income in 1Q20 (vs AED128m in 1Q19) on 12% lower revenues; enplanements fell 14%.
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EL AL ISRAEL AIRLINES

May 18, 2020
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.
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DELTA AIR LINES

May 18, 2020
DELTA AIR LINES restarted international service with three-times-weekly Detroit-London Heathrow and Atlanta-Frankfurt.
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ERA

May 18, 2020
ERA (European Regions Airline Association) added Air Serbia, SprintAir and German Airways as members and now has 64.
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LAUDA

May 19, 2020
LAUDA (Ryanair) says it will close its base at Vienna at end of May if Austrian unions don't agree to new contract.
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AIR CANADA

May 19, 2020
AIR CANADA plans in early June to furlough 50-60% of its 38,000 employees due to COVID-19; it is burning ~C$22m per day.
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SOUTHWEST AIRLINES

May 19, 2020
SOUTHWEST AIRLINES is now estimating year-over-year revenues to drop 85-90% in May and 80-85% in June although it is now experiencing month-to-date…
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AIR FRANCE-KLM GROUP

May 19, 2020
AIR FRANCE-KLM GROUP lost €1.8b in 1Q20 (vs €326m loss in 1Q19) on 15.5% lower revenues; AIR FRANCE GROUP lost €536m on 18% lower revenues and KLM…
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AIR FRANCE

May 19, 2020
AIR FRANCE plans to gradually resume its flight schedule through end of June, subject to travel restrictions being lifted, equivalent to 15% of…
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TEAMSTERS

May 19, 2020
TEAMSTERS formed Local 2118 in Las Vegas to represent >1,100 pilots at ALLEGIANT AIR.
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DELTA AIR LINES

May 20, 2020
DELTA AIR LINES plans June 2 to make its last scheduled MD-88/MD-90 revenue flights and retire aircraft to Blytheville, AR.
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AVATION

May 19, 2020
AVATION, Singapore extended lease of one 737-800 with unidentified Asian flag carrier from June 2022 to June 2028.
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AIR FALCON

May 19, 2020
AIR FALCON, Pakistan leased converted 737-300BCF (27713; ex-Southwest) from Rostrum Leasing Ireland.
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FINNAIR

May 19, 2020
FINNAIR has tempoararily removed economy class seats on two A330s to carry cargo in pax cabin, mainly COVID-19 supplies. It plans in July to…
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BIOSECURITY FOR AIR TRANSPORT

May 20, 2020
Biosecurity for Air Transport: A Roadmap for Restarting Aviation outlines IATA’s proposal for a layering of temporary biosecurity measures (pre…
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AVIATION CAPITAL GROUP

May 20, 2020
AVIATION CAPITAL GROUP had $66.3m net income on $302.1m revenues in 1Q20 vs $61.9m on $260.2m in 1Q19.
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DELTA AIR LINES

May 20, 2020
DELTA AIR LINES plans June 2 to make its last scheduled MD-88/MD-90 revenue flights and retire aircraft to Blytheville, AR.
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DELTA AIR LINES

May 20, 2020
DELTA AIR LINES says it is currently capping flights at 60% capacity and is blocking middle seats. It has processed >$1.5b in cash refunds since…
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UNITED AIRLINES

May 20, 2020
UNITED expects total adjusted capital expenditures to be <$4.5b in 2020 and $2b in 2021; it will only take delivery of fully financed aircraft (none…
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FLIGHTAWARE

May 20, 2020
FLIGHTAWARE says it has seen global commercial flight traffic improve by almost 5% from year-over-year drops of 82% on May 2 to 77% on May 17.
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THAI AIRWAYS

May 20, 2020
THAI AIRWAYS launched reform plan under bankruptcy law, but will not be dissolved or go into liquidation or to be declared bankrupt. Although it has…
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CALC

May 20, 2020
CALC, MOUTAI LEASING and CHINA CONSTRUCTION BANK formed partnership to provide leasing services and aviation funds for China-made aircraft, among…
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FINNAIR

May 20, 2020
FINNAIR has secured €600m pension premium loan. It expects to be operating 30% of normal schedule in July and about 70% by end of year, and is…
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NORWEGIAN

May 20, 2020
NORWEGIAN confirmed its restructuring is complete and has received approvals for state loan guarantee of NOK3b; it says in has now converted NOK12.7b…
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AMAZON

May 20, 2020
AMAZON took delivery of third 737-800BCF (32579; ex-Jet Airways) on lease from GECAS for operation by SUN COUNTRY.
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AZUL

May 20, 2020
AZUL plans increase its June schedule to 168 daily flights to 57 destinations vs 115 to 38 in May and 70 to 25 in April.
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AVIANCA PERU

May 20, 2020
AVIANCA PERU is being liquidated under Peruvian law to preserve/protect Avianca’s businesses in face of COVID-19 crisis.
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ALITALIA

May 20, 2020
ALITALIA plans June 2 to resume service to New York/Madrid/Barcelona/Milan, operating 36% more flights in June vs May.
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US DOT

May 20, 2020
US DOT says US scheduled pax airlines employed 459,190 full-time equivalent workers in March, up 3.2% vs March 2019.
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IATA

May 21, 2020
IATA reports worldwide airline share prices rose 3.2% in April vs March 2020; prices have dropped 47.9% since start of 2020.
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TAME

May 21, 2020
TAME, Ecuador is expected to be liquidated. It currently has three ATRs, two E190s and one each A320 and A319.
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IATA

May 21, 2020
IATA says an initial sample of financial data for 1Q20 shows an industry-wide EBIT margin of -10.5% of revenues; year-over-year global base pax…
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DELTA AIR LINES

May 21, 2020
DELTA AIR LINES sold six CFM56-powered A321-200s (8036/8200/8207/8227/8859/8914) to Altitude Aircraft Leasing, and leased them back; Alititude was…
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SMARTLYNX AIRLINES

May 21, 2020
SMARTLYNX AIRLINES and GLOBAL CROSSING AIRLINES, Canada signed commercial agreement to exchange aircraft (A320s) on damp lease during each airline’s…
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ISTAT

May 21, 2020
ISTAT has committed $500,000 to support registered non-profit, non-governmental organizations that are directly responding to the COVID-19 pandemic,…
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EASYJET

May 21, 2020
EASYJET plans to restart operations on June 15, principally on domestic routes with a minimal number of international routes.
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US DOT

May 21, 2020
US DOT reports 15 US airlines carried 1.4% less cargo by weight in March 2020 vs March 2019; domestic cargo rose 3.4%.
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AMERICAN AIRLINES

May 21, 2020
AMERICAN AIRLINES is considering replacing some of its 47 777-200ERs with 787s; it has 25 787-9s on order.
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EMIRATES

May 21, 2020
EMIRATES is looking to cancel five of its remaining eight A380-800s on order, according to unconfirmed media reports.
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NORWEGIAN AIR SHUTTLE

May 21, 2020
NORWEGIAN AIR SHUTTLE disclosed aircraft lessors AERCAP (15.9%), AVOLON (5.5%), BOC AVIATION (12.7%), DP AIRCRAFT IRELAND (5%) and MG AVIATION (11%)…

Aerospace

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GKN AEROSPACE

May 18, 2020
GKN AEROSPACE was selected by Eviation to design and manufacture of wings, empennage and electrical wiring interconnection systems (EWIS) for Alice…
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AVCORP INDUSTRIES

May 18, 2020
AVCORP INDUSTRIES had C$10.4m net loss on C$40.2m revenues in 1Q20 vs C$13.6m net profit on C$42.2m in 1Q19.
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FLYDOCS

May 18, 2020
FLYDOCS, UK has 5-year Amerijet International Airlines contract to provide digital data and records management platform for its 767Fs.
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TEXTRON AVIATION

May 18, 2020
TEXTRON AVIATION made first flight of Cessna SkyCourier utility turboprop with two PT6A-65SCs; it will be joined by five additional flight and ground…
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AEROX AVIATION OXYGEN SYSTEMS

May 19, 2020
AEROX AVIATION OXYGEN SYSTEMS has been acquired by individual investor Scott E. Ashton.
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AIRBUS

May 19, 2020
AIRBUS opened new 5-station, 270,000 sq ft A220 final assembly hangar at Mobile, AL; first aircraft for JetBlue is due in 4Q20.
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ELEMENT MATERIALS TECHNOLOGY

May 19, 2020
ELEMENT MATERIALS TECHNOLOGY was selected by Morf3D contract to provide materials testing at Huntington Beach, CA and by Honeywell to provide High…
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STRATA MANUFACTURING

May 19, 2020
STRATA MANUFACTURING (aMubadala) and HONEYWELL teamed to produce N95 masks at Al Ain at rate of 30m per year.
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HENSOLDT

May 19, 2020
HENSOLDT has assembled world's first 10-year 3D printed circuit board using new dielectric polymer ink and conductive ink from NANO DIMENSION.
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ROLLS-ROYCE

May 20, 2020
ROLLS-ROYCE announced reorganization plan to save £1.3b per year, which includes reducing employment by >17% (9,000 of 52,000 total workers,…
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LOCKHEED MARTIN

May 20, 2020
LOCKHEED MARTIN plans May 23 to begin alternate work schedule for F-35 production to meet a slower workflow from supplier delays due to COVID-19…
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HÉROUX-DEVTEK

May 21, 2020
HÉROUX-DEVTEK had C$50.7m net loss aon C$613m sales for year ended March 31 vs C$26.2m net income on C$484m a year ago. It says gross profit as a…
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RPI UK

May 21, 2020
RPI UK says production has returned to 90% since reopening after COVID-19 lockdown; it aims to be at 100% by end of June (order book full until…
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PANASONIC AVIONICS

May 21, 2020
PANASONIC AVIONICS was selected by Virgin Orbit to provide inflight connectivity for its modified 747-400 airborne rocket launch platform.
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ASCENT AEROSPACE

May 21, 2020
ASCENT AEROSPACE installed a large format additive manufacturing (LFAM) from Thermwood for printing/machining thermoplastic composite materials.
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UNITED PERFORMANCE METALS

May 21, 2020
UNITED PERFORMANCE METALS installed new 8KW fiber laser at Cincinnati.
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BOEING

May 21, 2020
BOEING established Confident Travel Initiative team to work with airlines, global regulators, industry stakeholders, flying passengers, infectious…

Business Aviation

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AIRMED INTERNATIONAL

May 18, 2020
AIRMED INTERNATIONAL added a medically configured Hawker 800XP to its fleet in Birmingham, AL.
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PRO STAR AVIATION

May 18, 2020
PRO STAR AVIATION completed the first installation of GOGO AVANCE L5 connectivity solution on a PC-24.
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PILATUS

May 18, 2020
PILATUS earned CHF153m on CHF1.1b revenues in 2019 vs CHF157m on CHF1.1b in 2018; it delivered 134 aircraft vs 128.
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PIPER AIRCRAFT

May 19, 2020
PIPER AIRCRAFT received FAA type certification for Garmin Autoland-equipped M600/SLS with HALO safety system.
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TALON AIR

May 19, 2020
TALON AIR added a G550 and GV and now operates 13 heavy jets, including ten Gulfstreams, out of New York metro area.
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DOMINVS AVIATION

May 19, 2020
DOMINVS AVIATION acquired AZURRA CHARTERS under merger agreement to for single charter business in the UK.
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AIRNAV SYSTEMS

May 20, 2020
AIRNAV SYSTEMS was selected by ARGUS International to provide global flight and ground aircraft tracking services.
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JEFFERIES

May 21, 2020
JEFFERIES reports year-over-year available business jet inventories rose 4% in May; 1,823 jets (7.7% of fleet) were for sale

Who'sNews

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WHO'SNEWS: BOEING

May 18, 2020
Mike Delaney to Head of Confident Travel Initiative of Boeing.
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WHO'SNEWS: C&L AEROSPACE

May 18, 2020
Javier Hernandez to Regional Sales Manager-South and Central America, based in Miami, of C&L Aerospace.
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WHO'SNEWS: ITS

May 18, 2020
Sean Myers to Vice President of Engines of ITS, Chandler, AZ.
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WHO'SNEWS: DOMINVS AVIATION

May 19, 2020
Melanie Blackman to Head of Charter Services of Dominvs Aviation, UK; she also operates Azzura Charters.
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WHO'SNEWS: VX CAPITAL PARTNERS

May 19, 2020
Bashir Agah was promoted to General Counsel of Vx Capital Partners, San Francisco.
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WHO'SNEWS: LEONARDO

May 21, 2020
Alessandro Profumo as Chief Executive Officer of Leonardo, Italy; Luciano Carta was appointed Chairman.

MRO

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AFI KLM E&M

May 19, 2020
AFI KLM E&M lost €3m in 1Q20 (vs €45m profit in 1Q19) on 2.7% lower revenues; third-party revenues declined 11%.
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AERONAUTICAL ENGINEERS

May 19, 2020
AERONAUTICAL ENGINEERS has AerCaribe contract to convert a second 737-400 (24130; ex-Alba Star) to freighter.
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GAMECO

May 19, 2020
GAMECO, China began its first 737-800 (ex-Aeromexico) pax-to-freighter conversion; its second is planned for 2H20.
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AKKA TECHNOLOGIES

May 20, 2020
AKKA TECHNOLOGIES was selected by Avianor to secure EASA certification for its pax-to-cargo cabin mod for widebodies.
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AAR

May 21, 2020
AAR plans July 24 to close its 188,000 sq ft narrowbody heavy maintenance facility (269 employees) at Duluth International Airport, MN, which…

Defense

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LEONARDO

May 21, 2020
LEONARDO was selected by 2Excel to upgrade two customized King Air aircraft with new Osprey 30 E-scan radars for UK Maritime and Coastguard Agency …

Aerospace/MRO

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THALES

May 19, 2020
THALES and ACSS were selected by SF Airlines to supply ADS-B equipment for retrofit on 59 freighter aircraft, including 17 737CLs, two 747-400Fs, 32…
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C&L AEROSPACE

May 19, 2020
C&L AEROSPACE was selected by ACR ARTEX as distributor for its survival products (50 items) such as ELT batteries, ELTs, locator beacons and antennas…

Defense/MRO

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NASMYTH FERNDOWN

May 19, 2020
NASMYTH FERNDOWN, UK secured contract for extended life program of a major European Naval Air Fleet with the manufacture and supply of mechanical…

Defense/Business Aviation

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TEXTRON AVIATION

May 20, 2020
TEXTRON AVIATION has US Customs and Border Protection contract to provide two additional King Air 350CER Multi-role Enforcement Aircraft (MEA);…

General Aviation

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BEARHAWK AIRCRAFT

May 21, 2020
BEARHAWK AIRCRAFT, TX introduced 6-seat Bearhawk 5 with 300-hp IO-580 engine, which completed its first flight on May 3.