Coronavirus

BLUE AIR received European Commission approval, under EU State aid rules, for Romanian loan guarantee of up to €62m.

PIAGGIO AEROSPACE secured €30m in financing from Banca Ifis (in form of an advance on contracts and factoring operations) to enable company to

Brussels Airlines has received the green light from the European Commission for a €460 million ($542 million) bailout package part-funded by the Belgian state that is designed to help the flag-carrier survive the COVID-19 crisis and support its turnaround plan.

The UK has added Portugal to a safe list of “travel corridors,” exempting arrivals from a 14-day quarantine, but removed Austria and Croatia in the latest update to British COVID-19-related travel restrictions.

Epic Fuels, a global provider of fuels and services and a division of Signature Aviation, has launched the coast-to-coast U.S. tour to send a sign of positivity for business and general aviation.

Bratislava, Slovakia-based ACMI wet-lease specialist Go2Sky will end its activities by September 2020 as a result of COVID-19’s impact on the air transport market.

Ground handling company Swissport said creditors had committed to provide €300 million ($354 million) in interim liquidity to fund it through a restructuring plan.

Austrian aerospace parts and services provider FACC expects further challenges in the supplier business in the wake of COVID-19 as it revealed plans to lay off 700 of its 3,700 employees.

From swapping delivery positions to equity stakes, lessors are going beyond monthly payment adjustments to keep their customers flying.

SOUTHWEST AIRLINES decided not to take $2.8b loan from US Treasury under CARES Act as it has successfully bolstered liquidity (it has raised &18.7b

ALAFCO reached agreement with Airbus to defer delivery of undisclosed number of 52 A320neo Family aircraft on order to match post-COVID demand

ACUMEN, Ireland launched Static Aircraft Management (SAM) initiative, including CAMO/records management, for aircraft in short-/long-term storage and

NORDIC AVIATION CAPITAL earned US$686m for year ended June 30 on 2% higher lease revenues vs a year ago, ending year with owned/managed/committed

Delta Air Lines will continue blocking off its middle seats through the end of the year, while increasing the maximum number of passengers allowed on each flight.

Up to the outbreak of COVID-19 this spring, flight simulators and pilot training were some of the hottest side-hustles that legacy aerospace manufacturers could play as they rode the historic updraft in airliner traffic.

Lufthansa Cargo has opened its Munich Airport Pharma Hub and hopes to obtain CEIV pharma certification from IATA in the fall of 2020.

Eurocontrol may cut its air traffic outlook for September because of COVID-19 travel restrictions imposed across the European region.

LUFTHANSA GROUP reached agreement with Vereinigung Cockpit on short-term crisis measures through end 2020; measures apply to pilots of Lufthansa

SOUTHWEST now estimates year-over-year capacity drop of 30-35% in 3Q20 (vs earlier estimate of 20-30%) as improving booking trends stalled in early

Qantas estimates there is a strong underlying demand for domestic travel in Australia, but it is being constrained by multiple intra-state border closures.

FACC, Austria lost €49.8m in 2Q20 (vs €0.3m net profit in 2Q19) on 48.1% lower revenues. It says its capacity utilization, which dropped to 50% due to

GO2SKY, Slovakia is shutting down in September due to COVID-19. It was operating four 737-800s

AIRBALTIC revised delivery schedule with Airbus for 28 A220-300s on order and is now due to complete order in early 2024.

BOC AVIATION had US$323m net income in 1H20 (vs $321m in 1H19) on 11% higher revenues; it has owned/managed/committed fleet of 571 aircraft and says

QANTAS GROUP posted A$2b net loss for year ended June 30 (vs A$840m profit a year ago) on 20.6% lower revenues, and ended year with A$4.5b in