Coronavirus

ULCC Norwegian has issued notice to Boeing of its intention to cancel orders for 92 737 MAX and five 787s, together with the GoldCare service agreements accompanying all of the aircraft.

India’s government has again delayed an important step in its proposed sale of Air India as the COVID-19 crisis is complicating the bid process.

Frost & Sullivan says airlines need to maintain focus on technologies including AI, machine learning and blockchain.

A silver lining of the pandemic is the Federal Reserve’s aggressive lowering of interest rates, which makes federal debt more affordable.

With so much going on within the aviation sector we want to know your views on the key topics and stories.

DELTA sold 11 CRJ900s to Falko, and leased them back. Falko now has managed regional aircraft portfolio of 130 aircraft.

BRUSSELS AIRLINES has pushed back restart from June 22 to August and plans to operate 45% of its normal schedule (mostly medium-haul) with 27 aircraft

ICELANDAIR GROUP says negotiations with stakeholders to initiate offering of new shares and complete financial restructuring has achieved positive

AEROCENTURY has secured agreement with Nord/LB to defer loan payments to September 24 on two CRJ1000s (19002/19003) leased to Air Nostrum, which has

LUFTHANSA GROUP is accelerating return to originally planned flight schedules to serve >90% of short-/medium-haul and >70% of long-haul destinations

United Airlines will resume service between San Francisco and Shanghai on July 8, as it looks to slowly ramp up its large Asia-Pacific network this summer.

UNITED AIRLINES plans July 8 to resume twice-weekly San Francisco-Seoul-Shanghai (777-300ER).

QANTAS GROUP completed A$1.36b fully underwritten placement 372.7m new shares at A$3.65 each (SPNWS; June 26).

REX, Australia received Board approval to raise A$30m to restart domestic operations in March 2021; it has seen strong interest from various parties

SAS agreed to sell three A320neos and one A350-900 to CDB Aviation for leaseback upon delivery in June 2020-May 2022.

PORTER AIRLINES, Canada has pushed back restart date from July 29 to August 31; it suspended operations on March 21

Gogo Business Aviation, a provider of broadband connectivity services for business aviation, said it had hit 3,000 daily flights during the week of June 22, up from a single-day low of 378 flights in a day in mid-April as the COVID-19 pandemic spread.

American Airlines will resume booking flights to capacity on July 1, despite mounting rates of confirmed novel coronavirus cases in many U.S. states this past week.

Brussels Airlines has reached an agreement with its Worker’s Council, paving the way for the Lufthansa subsidiary to reduce its 4,000-strong workforce by a quarter as a result of the COVID-19 pandemic.

MUNICH AIRPORT plans July 8 to reopen Terminal 1 after temporarily closing facility due to COVID-19; traffic is now up to 10,000 pax per day and

DUNCAN AVIATION has FAA STC to install AVIATION CLEAN AIR ionization system on a Global business jet.

GOGO BUSINESS AVIATION says it hit 3,000 daily flights late last week, up from the single-day low of 378 in mid-April.

NOKSCOOT AIRLINES, Thailand is expected to be liquidated, pending shareholder approval. It has seven 777-200ERs.

Airbus CEO Guillaume Faury said he expects aircraft production and deliveries will be back in line by the end of 2021, meaning the manufacturer will produce more aircraft than it can deliver until then.

Lufthansa Group said June 29 that it is seeing increased demand for short-term and long-term bookings and has therefore taken the decision to return another 200 aircraft to service between now and the end of October.