Subscription Required

 

SpeedNews - August 7, 2020 is part of our SpeedNews subscription.

Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.

Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.

 

 

Aerospace

article

ALSTOM

Jul 31, 2020
ALSTOM received EC approval for its proposed acquisition of BOMBARDIER TRANSPORTATION (SPNWS; February 21).
article

L3HARRIS TECHNOLOGIES

Jul 31, 2020
L3HARRIS TECHNOLOGIES had $278m net profit in 2Q20 (vs $416m in 2Q19) on 0.1% lower revenues (GAAP and pro forma).
article

GOGO

Jul 31, 2020
GOGO is eliminating 143 full-time positions (or 14% of its overall workforce), predominantly from its Commercial Aviation business, due to COVID-19…
article

L3HARRIS

Jul 31, 2020
L3HARRIS has BAA Training order to provide 737 MAX 8 full flight simulator for installation at new 5,300 sq meter training center in Barcelona for…
article

SPIRIT AEROSYSTEMS

Aug 03, 2020
SPIRIT AEROSYSTEMS announced it is further reducing workforce on commercial programs at Wichita by another 1,100 employees (450 layoffs) due to lower…
article

MTU AERO ENGINES

Aug 03, 2020
MTU AERO ENGINES had €13.2m net income for 2Q20 (vs €102.8m in 2Q19) on 30% lower revenues; 1H20 sales fell 8.7%.
article

ENTRUST GLOBA

Aug 03, 2020
ENTRUST GLOBAL reacquired Legg Mason's stake in company, and is again operating as an independent, private company; it says since outset of COVID-19…
article

MAGNETIC MRO TRAINING

Aug 03, 2020
MAGNETIC MRO TRAINING received Part-147 online training approval from ECAA and is performing synchronous distance learning for A320 Type Training.
article

LIEBHERR

Aug 03, 2020
LIEBHERR this week announced delivery in February 2020 first engineering prototypes of nose wheel steering remote electronics unit for 787 and main…
article

COMAC

Aug 03, 2020
COMAC completed maximum take-off/landing height expansion flight test of ARJ21 at Daocheng Yading Airport (4,411 meters above sea level; highest…
article

COLLINS

Aug 03, 2020
COLLINS was selected by Jin Air to provide full suite of ARINC aviation resource management systems and ARINC Integrator to streamline operations.
article

ARLINGTON CAPITAL PARTNERS

Aug 03, 2020
ARLINGTON CAaPITAL PARTNERS agreed to acquire Triumph Group's composites operations (structural and engine composite fabrications and assemblies),…
article

TRIUMPH GROUP

Aug 03, 2020
TRIUMPH GROUP says it has now divested 13 non-core businesses since 2016.
article

AFG AERO & INDUSTRIAL

Aug 03, 2020
AFG AERO & INDUSTRIAL reached agreement with Custom Alloy to exclusively manufacture and market its commodity based-products in US for buttweld.
article

AIR INDUSTRIES GROUP

Aug 03, 2020
AIR INDUSTRIES GROUP says it is accelerating its growth strategy in response to pandemic-induced, severe contraction in aerospace industry; it issued…
article

MITSUBISHI HEAVY INDUSTRIES

Aug 03, 2020
MITSUBISHI HEAVY INDUSTRIES says its Aircraft, Defense & Space unit lost ¥62b for first quarter ended June 30 (vs ¥29.4b profit a year ago) on 2%…
article

FAA

Aug 04, 2020
FAA issued NPRM (45-day public comment period) for AD on 737 MAX mandating several design changes/requirements to return aircraft to service,…
article

VIRGIN GALACTIC

Aug 04, 2020
VIRGIN GALACTIC unveiled the first stage design for new targeted Mach 3-certified, delta-wing aircraft to carry 9-19 pax at >60,000 ft, and announced…
article

SPIRIT AEROSYSTEMS

Aug 04, 2020
SPIRIT AEROSYSTEMS had $256m net loss in 2Q20 (vs $168m net income in 2Q19) on 68% lower revenues, and ended quarter with $1.9b in cash. It delivered…
article

BOEING

Aug 04, 2020
BOEING made first flight of third 777X flight test aircraft. It is now targeting certification of aircraft in 2022 (SPNWS; July 31).
article

VIRGIN GALACTIC

Aug 04, 2020
VIRGIN GALACTIC announced underwritten public offering of 20.5m shares of common stock to raise $460m in gross proceeds for general corporate…
article

THYSSENKRUPP

Aug 04, 2020
THYSSENKRUPP was selected by unidentified UK-based supplier to provide cut-to-size sheets/plates, as well as round/flat bars, for A321XLR components.
article

EMBRAER

Aug 05, 2020
EMBRAER lost US$315.3m in 2Q20 (vs US$7.2m net income in 2Q19) on 61% lower revenues, and ended quarter with firm backlog of US$15.4b, down from US…
article

LATITUDE TECHNOLOGIES

Aug 05, 2020
LATITUDE TECHNOLOGIES, Canada was selected by Viking Air to supply its Operational Loads Monitoring System (OLMS) and Air Tanker Information System …
article

TRIUMPH GROUP

Aug 03, 2020
TRIUMPH GROUP says it has now divested 13 non-core businesses since 2016.
article

AIRBUS

Aug 06, 2020
AIRBUS delivered 49 aircraft (two A220s; 47 A320s) in July vs 69 (two A220s; 52 A320s; seven A330s; seven A350s; A380) in July 2019; it booked order…

Air Transport

article

HAWAIIAN AIRLINES

Jul 31, 2020
HAWAIIAN AIRLINES sold two GTF-powered A321neos (9223/9547) to SKY Leasing, and leased them back (SPNWS; July 31).
article

INTL AIRLINES GROUP

Jul 31, 2020
INTL AIRLINES GROUP lost €1.5b in 2Q20 (vs €812m loss in 2Q19) on 89% lower revenues; in anticipation of flying reduced capacities in 3Q20 (-74%) and…
article

BRITISH AIRWAYS

Jul 31, 2020
BRITISH AIRWAYS lost €2.5b in 1H20 (vs €873m operating profit in 1H19) on 56% lower revenues.
article

IBERIA

Jul 31, 2020
IBERIA lost €867m in 1H20 (vs €109m operating profit in 1H19) on 48% lower revenues.
article

AIR CANADA

Jul 31, 2020
AIR CANADA posted net loss of C$1.8b in 2Q20 (vs C$343m net profit in 2Q19) on 89% lower revenues, ending quarter with C$9.1b unrestricted liquidity…
article

VUELING

Jul 31, 2020
VUELING lost €386m in 1H20 (vs €5m operating profit in 1H19) on 70% lower revenues.
article

AER LINGUS

Jul 31, 2020
AER LINGUS lost €316m in 1H20 (vs €78m operating profit in 1H19) on 61% lower revenues.
article

AIR FRANCE-KLM

Jul 31, 2020
AIR FRANCE-KLM had €2.6b net income for 2Q20 (vs €98m profit in 2Q19) on 83.3% lower revenues; it has €14.2b liquidity. AIR FRANCE lost €1.1b (vs …
article

GOL

Jul 31, 2020
GOL, Brazil posted R$2b net loss for 2Q20 (vs R$121m loss in 2Q19) on 89% lower revenues; it ended quarter with R$3.3b liquidity (R$2.8b in cash) and…
article

SKYWEST

Jul 31, 2020
SKYWEST lost $25.7m in 2Q20 (vs $88m profit in 2Q19) on 53% lower revenues, ending quarter with $762m in cash/marketable securities; total block…
article

TRANSAVIA

Jul 31, 2020
TRANSAVIA lost €111m in 2Q20 (vs €53m profit in 2Q19) on 97% lower revenues; activity levels were close to zero in April/May with progressive restart…
article

UNITED

Jul 31, 2020
UNITED is expected to terminate its contract with EXPRESSJET and consolidate 50-pax aircraft operations into COMMUTAIR.
article

ACI

Jul 31, 2020
ACI reports year-over-year airport pax traffic fell 91.3% in May; cargo fell 18%.
article

AZUL

Aug 03, 2020
AZUL, Brazil reports it ended 1H20 with total liquidity of R$2.3b and expects to burn R$3m cash per day through end 2020.
article

UNITED AIRLINE

Aug 03, 2020
UNITED AIRLINES plans to resume service on nearly 30 international routes in September and says it intends to fly 37% of its overall schedule (30%…
article

TUI TRAVEL AVIATION FINANCE

Aug 03, 2020
TUI TRAVEL AVIATION FINANCE agreed to sell five 737 MAX-8s to BOC Aviation for leaseback from 2021 for operation by TUI.
article

JAL

Aug 03, 2020
JAL had ¥93.7b net loss in first quarter ended June 30 (vs ¥12.9b net profit a year ago) on 78.1% lower revenues; it has ¥394.3b cash. It says it…
article

EVELOP AIRLINES

Aug 03, 2020
EVELOP AIRLINES, Spain took delivery of A350-900 (400) on lease from Avolon (SPNWS; April 24).
article

AIRASIA X

Aug 03, 2020
AIRASIA X earned (EBITDA) RM94m in first quarter ended June 30 (vs RM264.5m a year ago) on 21% lower revenues.
article

AIRCASTLE

Aug 04, 2020
AIRCASTLE lost $191m in 2Q20 (vs 31.1m net profit in 2Q19) on 14.3% higher revenues; it owns 274 aircraft. It says it has no new aircraft purchase…
article

JETBLUE AIRWAYS

Aug 04, 2020
JETBLUE AIRWAYS agreed to sell six GTF-powered A321neos to SKY Leasing for leaseback from 2H20.
article

EASYJET

Aug 04, 2020
EASYJET posted £324.5m pretax loss for third quarter ended June 30 (vs £174.2m profit a year ago) on 99.6% lower revenues, and ended quarter with £2…
article

AVENTURE AVIATION

Aug 04, 2020
AVENTURE AVIATION acquired ex-Air Astana 757-200 (27971) from Elevate Capital Partners, which retained ownership of the two serviceable RB211 engines…
article

IBOM AIR

Aug 04, 2020
IBOM AIR, Nigeria acquired two ex-Adria Airways CRJ900s (15283/15284) from Formidion Aviation, Dublin.
article

ALLIANCE AVIATION

Aug 04, 2020
ALLIANCE AVIATION agreed to acquire 14 E190s, plus spares package and six spare CF34s, from Azorra Aviation for delivery starting in September in US…
article

LONDON HEATHROW

Aug 04, 2020
LONDON HEATHROW lost £1.1b on £712m revenues in 1H20 vs £7m profit on £1.5b in 1H19. It expects 2020 pax traffic will be >60% lower than in 2019.
article

FRAPORT

Aug 04, 2020
FRAPORT lost €231m on €911m revenues in 1H20 vs €165m profit on £1.8b in 1H19.
article

WIZZ AIR

Aug 05, 2020
WIZZ AIR sold/leased back two GTF-powered A321neos to unidentified investor in deal arranged by FPG and FPG Amentum.
article

DAE

Aug 05, 2020
DAE posted $121.7m net income for 1H20 (vs $197.1m in 1H19) on 8.5% lower revenues. It has $2.82b of available liquidity.
article

VIRGIN AUSTRALIA

Aug 05, 2020
VIRGIN AUSTRALIA (along with BAIN CAPITAL) announced rebuilding plan to remove its ATRs, 777s, A330s, and (Tigerair) A320s and operate simplified all…
article

VIRGIN ATLANTIC AIRWAYS

Aug 05, 2020
VIRGIN ATLANTIC AIRWAYS, which is 49%-owned by DELTA AIR LINES, filed for Chapter 15 bankruptcy protection in the US.
article

FRONTIER AIRLINES

Aug 05, 2020
FRONTIER AIRLINES issued formal notifications to 35% of its flight attendants and pilots on potential furloughs as early as October 1.
article

US DOT

Aug 05, 2020
US DOT reports fuel cost for US airlines was $1.08/gallon in June vs $2.01 in June 2019; consumption rose 25% vs May 2020.
article

WILLIS LEASE FINANCE

Aug 05, 2020
WILLIS LEASE FINANCE, CA had $5.4m net income in 2Q20 (vs $17m in 2Q19) on 21.7% lower revenues, and ended quarter with 264 engines (vs 241 a year…
article

LUFTHANSA GROUP

Aug 06, 2020
LUFTHANSA GROUP is expected to take delivery of 23 aircraft in 2020, including 14 in 2H20, and 12 in 2021.
article

ETIHAD

Aug 06, 2020
ETIHAD lost US$758m in 1H20 (vs $586m loss in 1H19) on 38% lower revenues; it operated up to 40 of its 97 pax aircraft.
article

ATSG

Aug 06, 2020
ATSG lost $105m in 2Q20 (vs $26.6m loss in 2Q19) on 13% higher revenues, driven by strong demand for leased cargo aircraft. CAM earned $19.6m vs $16…
article

AIRCASTLE

Aug 04, 2020
AIRCASTLE lost $191m in 2Q20 (vs 31.1m net profit in 2Q19) on 14.3% higher revenues; it owns 274 aircraft. It says it has no new aircraft purchase…
article

CARGOJET

Aug 06, 2020
CARGOJET, Canada earned C$91.1m in 2Q20 (vs C$37.5m in 2Q19) on 65% higher revenues, noting surge in e-Commerce sales.
article

BRUSSELS AIRLINES

Aug 06, 2020
BRUSSELS AIRLINES lost €182m in 1H20 (vs €36m loss in 1H19) on 63% lower revenues; it suspended ops March 21-June 14.
article

COPA

Aug 06, 2020
COPA lost US$386m in 2Q20 (vs US$50.9m profit in 2Q19) on 97.7% lower revenues; enplanements were down 99.6%.
article

AIR BUCHAREST

Aug 06, 2020
AIR BUCHAREST leased ex-airBaltic 737-300 (27454) from GA Telesis, and now haa two 737-300s.
article

US DOT

Aug 06, 2020
US DOT says US scheduled pax airlines employed 699,683 workers in June vs 697,237 in May 2020 and 744,817 in June 2019.
article

RYANAIR

Aug 06, 2020
RYANAIR says it has restored >60% of normal flight schedules from August 1, following service resumption at end of June.
article

LUFTHANSA GROUP

Aug 06, 2020
LUFTHANSA GROUP lost €1.7b in 2Q20 (vs €754m profit in 2Q19) on 80% lower revenues, ending quarter with €2.8b of available liquidity, excluding €9b…
article

ATLAS AIR

Aug 06, 2020
ATLAS AIR had $78.9m net income in 2Q20 (vs $86.9m in 2Q19) on 24.3% higher revenues; block hours rose 5.8%.

MRO

article

VIKING AIR

Jul 31, 2020
VIKING AIR renewed maintenance support deal with Fuerza Aerea del Peru (FAP) for 12 Series 400 Twin Otters for five years.
article

AFI KLM E&M

Jul 31, 2020
AFI KLM E&M lost €318m in 2Q20 (vs €52m profit in 2Q19) on 55% lower revenues (third party -58%); it has €9.6b backlog.
article

GDC TECHNICS

Aug 03, 2020
GDC TECHNICS redelivered 777-300ER completed with exterior mods/custom interior for confidential Head-of-State customer.
article

ELEMENT

Aug 03, 2020
ELEMENT was selected by FRISA, Mexico to provide materials testing of critical forged components for aircraft/industrial gas turbines, as well as…
article

LUFTHANSA TECHNIK

Aug 03, 2020
LUFTHANSA TECHNIK inducted 240 technical apprentices for nine different training courses and six dual study programs.
article

AIRINMAR

Aug 03, 2020
AIRINMAR (AAR) has Air Methods contract to provide identification, claim, recovery and reporting of rotorcraft/aircraft component warranty services.
article

AERFIN

Aug 04, 2020
AERFIN was selected by Great Dane Airlines to provide component support three E195s under BeyondPool flight hour-solution.
article

IAI BEDEK

Aug 04, 2020
IAI BEDEK replaced Pickle Fork frame fittings on its first 737-800 (under FAA AD) during routine C-check; it worked with Boeing.
article

EFW

Aug 04, 2020
EFW received FAA VSTC for its A321 freighter conversion, validating EASA STC; aircraft can carry 14 containers on main deck.

Defense/MRO

article

ILIAS SOLUTIONS

Jul 31, 2020
ILIAS SOLUTIONS, Brussels was selected by Lockheed Martin to provide sustainment/fleet management of the Slovak Air Force F-16 Block 70 fighters.

Who'sNews

article

WHO'SNEWS: INTERNATIONAL AIRLINES GROUP

Jul 31, 2020
Javier Ferrán to Chairman of International Airlines Group, UK; Antonio Vázquez is resigning in January 2021.
article

WHO'SNEWS: IATA

Aug 04, 2020
Muhammad Albakri to Senior VP for Customer, Financial and Digital Services (CFDS), based in Geneva, of IATA (effective March 2021).
article

WHO'SNEWS: WEST STAR AVIATION

Aug 04, 2020
Bob Fairfield to Regional Sales Manager-Northeast United States of West Star Aviation.
article

WHO'SNEWS: CERTIFIED AVIATION SERVICES

Aug 04, 2020
Christopher McNierney to LAX Station Manager of Certified Aviation Services (CAS).
article

WHO'SNEWS: SR TECHNICS

Aug 05, 2020
Caroline Vandedrinck to Senior Vice President-Sales of SR Technics, Zurich.
article

WHO'SNEWS: GA TELESIS

Aug 06, 2020
Russell Shelton to President-Engine Strategy Group of GA Telesis, Fort Lauderdale; he will oversee TV 2020 engine MRO strategy.

Defense

article

BOEING

Aug 03, 2020
BOEING has $265m US Army contract to another nine (now 24) MH-47G Block II Chinook helicopters.
article

ICARUS AEROSPACE

Aug 06, 2020
ICARUS AEROSPACE, Canada introduced clean-sheet, 2-seat (optionally-piloted) TAV twin-turboprop tactical aircraft with planned payload of 8,000 lb…

Business Aviation

article

DUMONT JETS

Aug 03, 2020
DUMONT JETS was recertified as a Wyvern Wingman Certified Operator for its safety standards in the aviation industry.
article

JETFLY AVIATION

Aug 03, 2020
JETFLY AVIATION, Luxembourg took delivery of its fifth PC-24 and first PC-12 NGX and now operates 47 Pilatus aircraft.
article

STANDARDAERO

Aug 03, 2020
STANDARDAERO launched new business aviation Engine Trading Solutions (ETS) unit to provide engine sales/lease/exchange and consignment options for…
article

SIGNATURE FLIGHT SUPPORT

Aug 03, 2020
SIGNATURE FLIGHT SUPPORT acquired TAG Aviation's FBOs at Geneva International Airport and Sion Airport in Switzerland.
article

TEXTRON AVIATION

Aug 04, 2020
TEXTRON AVIATION introduced the King Air 360/360ER with upgrades to Pro Line Fusion flight deck (incl. IS&S ThrustSense autothrottle) and redesigned…
article

ASPEN AVIONICS

Aug 04, 2020
ASPEN AVIONICS agreed to join the AIRO Group of companies to expand its investments, resources, and new technologies in not only avionics for general…
article

GULFSTREAM AEROSPACE

Aug 06, 2020
GULFSTREAM AEROSPACE agreed to purchase Triumph Group's G650/G700 program scope of work (assets), including supply chain management, engineering…
article

BOMBARDIER AVIATION

Aug 06, 2020
BOMBARDIER AVIATION earned $55m in 2Q20 (vs $222m in 2Q19) on 42% lower revenues. It delivered 20 business jets vs 35 a year ago, and expects…
article

IS&S

Aug 06, 2020
IS&S has FAA STC to install its ThrustSense Autothrottle system on King Air 300s with Collins Pro Line Fusion avionics.

Business Aviation/MRO

article

GULFSTREAM AEROSPACE

Aug 03, 2020
GULFSTREAM AEROSPACE opened new parts distribution hub near Atlanta Hartsfield with $23m parts inventory; CRANE WORLDWIDE LOGISTICS is providing…
article

EMBRAER

Aug 04, 2020
EMBRAER unveiled Phenom 300MED for Medevac operations. It is working with UMLAUT on STC using AEROLITE equipment.

Aerospace/MRO

article

TRONOS AVIATION CONSULTING

Aug 03, 2020
TRONOS AVIATION CONSULTING, WA forecasts new aircraft seat production at $1.57b for 2020 vs $3.6b in 2019; total 5-year interior aftermarket forecast…