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Magazine Issue

SpeedNews - May 29, 2020

May 29, 2020

Air Transport

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LAX

May 27, 2020
LAX reported a year-to-year drop in pax traffic of 95.86% in April; cargo fell 8%.
article

AIRPORTPARKINGRESERVATIONS.COM

May 27, 2020
AIRPORTPARKINGRESERVATIONS.COM says survey of >14,000 travelers in US and Canada, 75% said they will hold off on rebooking any previously cancelled…
article

SAS

May 27, 2020
SAS plans to double its capacity from May to June, or equivalent of 15 to 30 aircraft in service; increase primarily includes domestic flights within…
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AAPA

May 27, 2020
AAPA reports year-over-year member traffic declined 98.1% in April on 94.6% lower capacity; cargo traffic fell 28.3%.
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AIR CANADA

May 27, 2020
AIR CANADA made public offerings of C$500m in stock and C$400m in convertible notes to supplement its working capital.
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PAKISTAN INTERNATIONAL AIRLINES

May 26, 2020
PAKISTAN INTERNATIONAL AIRLINES will write-off CFM56-powered A320-200 (2274) after crash at Karachi on May 22.
article

LAUDA

May 26, 2020
LAUDA (Ryanair) is expected to shut down its base at Vienna on May 29.
article

AIR NEW ZEALAND

May 26, 2020
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…
article

AIR ASTANA

May 26, 2020
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…
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AIR CANADA

May 26, 2020
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…
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STAR AIR

May 26, 2020
STAR AIR, India has restarted flight operations with three ERJs.
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IATA

May 26, 2020
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…
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LATAM AIRLINES GROUP

May 26, 2020
LATAM AIRLINES GROUP initiated a voluntary reorganization and restructuring of debt under Chapter 11 protection in US with the support of the Cueto…
article

CONGO AIRWAYS

May 26, 2020
CONGO AIRWAYS converted firm orders for two E175s to E190-E2s for delivery from 2Q22; deal includes two purchase rights.
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DEUTSCHE LUFTHANSA

May 26, 2020
LUFTHANSA received terms for package of stabilization measures and loans of up to €9b from Economic Stabilization Fund (WSF); under deal, WSF would…
article

PORTER AIRLINES

May 26, 2020
PORTER AIRLINES is deferring its resumption of flights by another month until July 29, due to COVID-19 travel restrictions.
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BRUSSELS AIRLINES

May 26, 2020
BRUSSELS AIRLINES plans June 15 to restart service with downsized summer schedule, consisting of 30% of original schedule in Europe and 40% of long…
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ENTER AIR

May 26, 2020
ENTER AIR had PLN85m net income in 2019 (vs PLN58.5m in 2018) on 25% higher revenues. It has 22 737NGs/two MAXs.
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FIJI AIRWAYS

May 26, 2020
FIJI AIRWAYS secured sovereign guarantees from Fijian Govt in support of FJ$450m of initiatives to bolster cash reserves, including payment deferrals…
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EMIRATES

May 26, 2020
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…
article

SOUTH AFRICAN AIRWAY

May 26, 2020
SOUTH AFRICAN AIRWAYS is cancelling all scheduled flights on regional/international services until end of June 2020, but plans to restart…
article

CHINA AIRLINES

May 27, 2020
CHINA AIRLINES, Taiwan issued RFP for sale/leaseback of two A350-900s, according to unconfirmed media reports.
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RYANAIR

May 27, 2020
RYANAIR confirmed plan to return to 40% of normal flight schedules on July 1 after lifting of travel restrictions across Europe.
article

AIR FRANCE-KLM

May 27, 2020
AIR FRANCE-KLM says if it sees additional reduced demand due to a prolonged COVID-19 recovery, it could retire a number of KLM's A330s earlier than…
article

TSA

May 27, 2020
TSA handled 1.21m individuals at US airports on May 22-25 (Memorial Day weekend), down 87.2% vs 9.5m a year ago.
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EDELWEISS AIR

May 27, 2020
EDELWEISS AIR has resumed operations (initially Zurich-Faro/-Kosovo) after a 2-month grounding period due to COVID-19.
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EASYJET

May 28, 2020
EASYJET expects year-end 2021 fleet to total 302 aircraft vs 353 originally planned; it does not expect demand to reach 2019 levels until 2023 and is…
article

AVATION

May 28, 2020
AVATION, Singapore has terminated previously announced strategic review and formal sale process (SPNWS; April 10).
article

EASYJET

May 28, 2020
EASYJET expects year-end 2021 fleet to total 302 aircraft vs 353 originally planned; it does not expect demand to reach 2019 levels until 2023 and is…
article

ALL NIPPON AIRWAYS

May 28, 2020
ALL NIPPON AIRWAYS secured ¥350b loan from Development Bank of Japan to stabilize its liquidity during COVID-19 crisis.
article

AERCAP

May 28, 2020
AERCAP deferred delivery of 37 more aircraft from 2021-2022 to 2023 and beyond, and has now rescheduled >100 aircraft, reducing its CAPEX in 2020…
article

SMARTAVIA

May 28, 2020
SMARTAVIA, Russia leased ex-Norwegian 737-800 (39420) from DAE Capital.
article

UKRAINE INTL AIRLINES

May 28, 2020
UKRAINE INTL AIRLINES expects to resume operations in mid-June, and now forecasts pax traffic will decrease 46% vs original expectations. Under stage…
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AVION EXPRESS MALTA

May 28, 2020
AVION EXPRESS MALTA was approved by FAA to conduct pax flights to and from US; it currently operates one A320-200.
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TRANSAVIA FRANCE

May 28, 2020
TRANSAVIA FRANCE leased second ex-Jet Airways 737-800 (39060) from AMCK Aviation, Ireland.
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PHILIPPINE AIRLINES

May 28, 2020
PHILIPPINE AIRLINES received US$300m capital infusion from its Chairman to avoid bankruptcy; operations to resume soon.
article

KENYA AIRWAYS

May 28, 2020
KENYA AIRWAYS is forecasting 65% drop in pax traffic in 2020, resulting in a $400m in lost revenues. It says it is not going to invest in any new…
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SOUTHWEST AIRLINES

May 28, 2020
SOUTHWEST AIRLINES published its flight schedule from October 31, 2020-January 4, 2021; new schedule focuses on business travel vs leisure.
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AEGEAN AIRLINES

May 28, 2020
AEGEAN AIRLINES holds €510m in available liquidity in response to COVID-19 crisis; it plans to apply for loans of €150m.
article

AER LINGUS

May 28, 2020
AER LINGUS terminated its wet-lease agreement with CITYJET due to COVID-19 crisis and closure of London City Airport.
article

AMERICAN AIRLINES

May 28, 2020
AMERICAN AIRLINES disputed any suggestions that it would file for Chapter 11; CEO calls bankruptcy a failure.
article

ALL NIPPON AIRWAYS

May 28, 2020
ALL NIPPON AIRWAYS secured ¥350b loan from Development Bank of Japan to stabilize its liquidity during COVID-19 crisis.
article

NORWEGIAN AIR SHUTTLE

May 28, 2020
NORWEGIAN AIR SHUTTLE lost NOK3.3b in 1Q20 (vs NOK2b loss in 1Q19) on 19% lower revenues. It says it has reached power-by-the-hour agreements with…

Aerospace

article

PLATAINE

May 27, 2020
PLATAINE received ISO 27001 certification for meeting highest standards of information security management with its IIoT/Artificial Intelligence…
article

CPaT GLOBAL

May 27, 2020
CPaT GLOBAL, TX has released new A220 Aircraft Systems Course.
article

TRIUMPH GROUP

May 27, 2020
TRIUMPH GROUP says all 36 of its operational factories, including its interiors operation in Mexicali, Mexico that supports Boeing and Airbus…
article

HEICO FLIGHT SUPPORT GROUP

May 27, 2020
HEICO FLIGHT SUPPORT GROUP earned $47.5m on $252m sales for second quarter ended April 30 vs $62.2m on $308m.
article

PROFESSIONAL AVIATION ASSOCIATES

May 27, 2020
PROFESSIONAL AVIATION ASSOCIATES was appointed by SurfaceLiner+, CO as a distributor for ALLProtect protective covering product for floors, stairs,…
article

CAE

May 26, 2020
CAE had C$318.9m net income on C$3.6b revenues for year ended March 31 vs C$340.1m on C$3.3b a year ago. Civil Aviation Training Solutions earned C…
article

MITSUBISHI AIRCRAFT

May 26, 2020
MITSUBISHI AIRCRAFT is closing its US facilities and moving all activities back to Nagoya; it is terminating SpaceJet flight testing at Moses Lake,…
article

AÉRO MONTRÉAL

May 26, 2020
AÉRO MONTRÉAL launched Alliance for the Aerospace Recovery initiative to accelerate recovery of Québec' aerospace industry from COVID-19 crisis.
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AIR PARTNER

May 26, 2020
AIR PARTNER, UK earned £303,000 on £66.7m revenues in year ended January 31 vs £2.9m on £77.5m a year ago.
article

TRIUMPH GROUP

May 27, 2020
TRIUMPH GROUP has agreed to sell its G650/G700 wing business to GULFSTREAM, secured purchase orders from Boeing Commercial Airplanes across multiple…
article

BOEING

May 27, 2020
BOEING notified first 6,770 employees in US that they will be layed off; notice comes on top of 5,500 employees who accepted voluntary layoffs under…
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TRIUMPH GROUP

May 28, 2020
TRIUMPH GROUP lost $28.1m in year ended March 31 (vs $321.8m loss a year ago) on 13.8% lower sales. It has $3.2b backlog.
article

BOEING

May 28, 2020
BOEING has resumed 737 MAX production at a low rate; it says during temporary suspension of production that began in January, mechanics and engineers…
article

SELEX ES

May 28, 2020
SELEX ES, KS has FAA contract to continue to build Distance Measuring Equipment (DME); it expects to provide >200 DMEs to National Airspace (NAS).
article

MAGNIX

May 28, 2020
MAGNIX and AEROTEC made first flight of all-electric Cessna Grand Caravan 208B with 750-hp (560 kW) magni500 propulsion system at Moses Lake, WA.

MRO/Defense

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TRIUMPH SYSTEMS & SUPPORT

May 27, 2020
TRIUMPH SYSTEMS & SUPPORT extended MRO contract for an international CH-47 Chinook fleet for six more years.
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LIEBHERR-AEROSPACE LINDENBERG

May 26, 2020
LIEBHERR-AEROSPACE LINDENBERG has Leonardo contract to overhaul 62 primary flight control actuators for the Eurofighter.

MRO

article

ATR

May 26, 2020
ATR has 10-year Finnair contract to maintain 12 ATR 72-500s for Nordic Regional Airlines under pay-by-the-hour GMA program.
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AZUR AIR

May 26, 2020
AZUR AIR, Russia plans to establish a third-party independent MRO business by end 2020, pending effects from COVID-19.
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S7 TECHNICS

May 27, 2020
S7 TECHNICS extended scope its EASA Part-21 J certificate to perform mods/repairs of aircraft water and waste systems.
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AERO CONTROLS

May 27, 2020
AERO CONTROLS, WA added an emergency equipment repair shop to service and test charged cylinder assemblies, evacuation slides and rafts, aspirators,…
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HAINAN AIRLINES

May 28, 2020
HAINAN AIRLINES plans to sell 32% of HNA TECHNIC to Hainan Island Airport Industrial for $350m; both are owned by HNA.
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DHL

May 28, 2020
DHL took delivery of EFW-converted A330-300F (777; ex-China Eastern), its fourth; it is expected to take two more in 2020 and up to 12 total…

Defense

article

KAMAN UK

May 26, 2020
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.
article

AIRBUS

May 27, 2020
AIRBUS has secured certification for its Automatic Low Level Flight capability (visual conditions) for A400M; test flights involved operations down…

Business Aviation/MRO

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DC AVIATION GROUP

May 26, 2020
DC AVIATION GROUP, Germany was contracted for 48-month check/cabin refurb/Pro Line 21 upgrade on a Challenger 605.
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AEA

May 26, 2020
AEA reports global business/general aviation avionics sales were $660.4m in 1Q20 ($345.7m retrofits) vs $724.2m in 1Q19.

Space/Aerospace

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VIRGIN ORBIT

May 26, 2020
VIRGIN ORBIT, CA conducted launch demonstration of air-launched rocket off of modified 747-400, but after successful early stages, including a clean…

Who'sNews

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WHO'SNEWS: UNIVERSAL AVIONICS SYSTEMS

May 26, 2020
Marc Bouliane to Vice President-Business Development, Marketing and Services of Universal Avionics Systems, Tucson, AZ.
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WHO'SNEWS: UNIVERSAL AVIONICS SYSTEMS

May 26, 2020
Gil Rivnai to Vice President-Engineering of Universal Avionics Systems, Tucson, AZ.
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WHO'SNEWS: AMPAIRE

May 26, 2020
Doug Shane to General Manager of Ampaire, Los Angeles, CA.
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WHO'SNEWS: VX CAPITAL PARTNERS

May 26, 2020
Rushi Shah to an Associate of Vx Capital Partners (Vx), San Francisco.

Business Aviation

article

GAMA

May 27, 2020
GAMA reports manufacturers delivered 404 general aviation aircraft (219 pistons/71 turboprops/114 jets) worth $3.4b in 1Q20 vs 511 (248 pistons/122…
article

SENTINET JET

May 27, 2020
SENTINET JET says it has booked 5,000 private jet hours since April 1, of which >50% came from new customers as it is seeing new and existing members…

Space

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SPACEX

May 28, 2020
SPACEX was forced to postpone planned launch of manned Falcon 9 rocket to May 30 due to weather; test flight to Intl. Space Station will be first…