Coronavirus

AEROCENTURY had $5.4m net loss on $2.5m revenues in 1Q21 vs $10.2m loss on $4.8m in 1Q20; result included impairment losses totaling $6.7m, arising

AERION SUPERSONIC has shut down due to current financial environment that has prevented access to the necessary large new capital requirements to

Indian airline IndiGo has announced an order for 620 CFM International LEAP-1A engines—a move that reinforces the LCC’s intention to take delivery of all of its massive orderbook of Airbus narrowbodies.

The EU COVID certificate will be a digital or paper document showing COVID-19 vaccination status and test results, the aim of which is to encourage a recovery in European travel.

UK Prime Minister Boris Johnson has announced plans to create a “Global Pandemic Radar” in partnership with the World Health Organization (WHO) to track emerging diseases and avert a repeat of the COVID-19 crisis.

Domestic capacity will reach 95% of pre-pandemic levels in the current quarter, the airline said.

India’s carriers are looking to IPOs, share sales and changes in ownership to improve their long-term viability.

If the first quarter is any indication, A&D is about to throttle up share buybacks and dividend payments into afterburn.

ALASKA AIRLINES began daily Seattle-Cincinnati (737); delayed from original start date of Aug 18, 2020 due to pandemic.

AIR WISCONSIN plans June 3 to resume twice-daily Dulles-Manchester, NH (CRJ200) on behalf of UNITED AIRLINES.

EASYJET had £645m pretax loss for six months ended March 31 (vs £353m loss a year ago) on 90% lower revenues. It expects to fly c.15% of 2019 capacity

WHEELS UP had $32.2m net loss on record $262m revenues in 1Q21 vs $44.5m loss on $156m in 1Q20; live flight legs rose 30%.

HÉROUX-DEVTEK had C$19.8m net profit on C$571m sales for year ended March 31 vs C$50.7m net loss on C$613m a year ago, and ended year with C$717m

TRIUMPH GROUP had $450.9m net loss on $1.9b net sales for year ended March 31 vs $29.4m loss on $2.9b a year ago, and ended year with $1.9b backlog

QANTAS GROUP is projecting that total revenue loss since start of COVID-19 pandemic will reach A$16b by the end of FY21; it has A$4b in total

Operators in and out of bankruptcy are making fleet adjustments to remain competitive.

ALTA members flew 27.4b RPKs in March, down 66% vs March 2019; capacity fell 70% to 43.3b ASKs. PLF was 63.3%.

AIR MALTA plans to increase summer flight schedule to 51 weekly flights to 15 destinations, but is significantly less than 2019.

ANA HOLDINGS plans public offering of ¥10b in sustainability-linked bonds; SMBC Nikko Securities is structuring agent.

SINGAPORE AIRLINES is proposing to issue second tranche of mandatory convertible bonds to raise about S$6.2b in liquidity.

SIA GROUP had S$4.3b net loss for year ended March 31 (vs S$212m loss a year ago) on 76.1% lower revenues; it says its operating fleet currently

JETBLUE plans to begin JFK-London Heathrow on August 11; JFK-Gatwick on Sep 29; Boston-London in mid-2022 (A321LR).

RYANAIR had €815m net loss for year ended March 31 (vs €1bm profit a year ago) on 81% lower revenues; it has €3.15b cash.

CAE had C$47.5m net loss on C$3b revenues for year ended March 31 vs C$318.9m profit on C$3.6b a year ago. Civil Aviation Training Solutions earned C

PLAY, Iceland agreed to lease three ex-Interjet A321neos (7939/7945/8008) with LEAPs from AerCap for startup on June 23; it initially plans to fly