Coronavirus

SINGAPORE AIRLINES raised additional S$750m in loans secured by certain A350-900s and 787-10s, and has now raised S$1.65b from secured financing since

IBA GROUP has identified >800 aircraft as subject to exit from their current airline fleets, of which 67% could be permanently retired.

EMBRAER concluded financing contracts totaling US$300m from five public/private banks to reinforce its cash position.

SPIRIT AIRLINES had $144.4m net loss in 2Q20 (vs $114.5m net profit in 2Q19) on 86% lower revenues, and ended quarter with total liquidity of $1.2b

ALASKA AIRLINES recorded $214m net loss in 2Q20 (vs $262m net profit in 2Q19) 82% lower revenues, and ended quarter with $2.8b in in unrestricted cash

SOUTHWEST AIRLINES had $915m net loss in 2Q20 (vs $741m net profit in 2Q19) on 82.9% lower revenues, and ended quarter with liquidity of $15.5b. It

AMERICAN AIRLINES had $2.1b net loss in 2Q20 (vs $662m net profit in 2Q19) on 86% lower revenues, and ended quarter with available liquidity of $10.2b

The announcement that four U.S. and European airline groups are calling for a common COVID-19 testing program that would allow them to restore more of their transatlantic networks highlights the importance of this sector to carriers on both sides of the Atlantic.

As business aviation rebounds in the wake of the COVID-19 pandemic, owners and operators are returning idled aircraft back into service, Cleveland-based Constant Aviation reports.

Aegean Airlines has disclosed that although its Airbus A320/321neo order remains unchanged, it is seeking some “adjustments and flexibility” as management tries to shield the business from the COVID-19 crisis.

Singapore Airlines (SIA) has secured another S$750 million ($541 million) in funding, taking the total liquidity it has raised since April 1 to S$11 billion.

Jeju Air has pulled out of a deal to purchase a controlling stake in fellow South Korean LCC Eastar Jet, putting Eastar’s survival into question.

Rolls’ need to fund UltraFan development drives speculation about renewed cooperation.

While AirAsia’s Malaysia and Thai units will likely be OK, its offshore franchises and AirAsia X are under much more survival pressure.

As airlines explore many strategies to navigate the ongoing COVID-19 new reality, Qatar Airways Group CEO Akbar Al Baker believes it is inside the cabin that ultimately makes the difference in boosting passenger confidence to fly again.

VIRGIN ATLANTIC restarted pax flights (after 3-month pause) with service to Hong Kong, Los Angeles and New York.

Chris Moore is president of business aviation for Satcom Direct, based in Melbourne, Florida. Moore joined Satcom in 2012 as chief commercial officer and was promoted to his current position as president in March 2019.

CONSTANT AVIATION reports that its AOG division (mobile response team) is operating at 120% capacity to help bring idled aircraft back to service.

CATHAY PACIFIC estimates it lost HK$9.9b for the six months ended June 30 vs HK1.3b net profit a year ago; result includes impairment charges of HK$2

AAR had $4.4m net income on $2.07b sales for year ended May 31 vs $7.5m on $2.05b a year ago; year-over-year fourth quarter sales drop 26% due to the

The Jordanian government has intervened to support flag-carrier Royal Jordanian in the form of a “comfort letter” for the cash-strapped airline.

Ask the Editors: The A380’s competitive disadvantage is that airlines need a very high passenger load factor to make the economics work.

The Civil Aviation Authority of Singapore (CAAS) and EASA have signed a Memorandum of Cooperation to validate and harmonize aviation health safety measures relating to the COVID-19 pandemic.

QANTAS completed final flight of its last 747-400 (32914; to be parked at Mojave); it received first 747 in August 1971.

JET TIME, Denmark filed for bankruptcy in Copenhagen Court; it is currently grounded, but plans to restart in mid-2021.