Coronavirus

DAE earned US$25m on US$307.5m revenues in 1Q21 vs $83.8m on $352m in 1Q20; it ended quarter with $3.3b of liquidity.

SPIRIT AEROSYSTEMS had $172m net loss on $901m revenues in 1Q21 vs $163m loss on $1.1b in 1Q20, and ended quarter with $1.4b in cash. It delivered 269

Italy-based Air Dolomiti is in negotiations with several European regional airports which are looking for airline partnerships to secure connectivity.

FedEx Express and its partners have begun a series of humanitarian flights to India, delivering much needed medical supplies and oxygen concentrators.

PHILIPPINE AIRLINES is expected to file for Chapter 11 bankruptcy by the end of May, according to unconfirmed reports.

NORWEGIAN AIR SHUTTLE negotiated and signed agreements for four owned and 44 leased aircraft and intends to operate fleet of 51 aircraft on a short

FLYDUBAI had AED712m net loss for 2020 (vs AED198.2m profit in 2019) on 53% lower revenues; it ended year with 51 737s.

WILLIS LEASE FINANCE had $2.2m net loss on $61.1m revenues in 1Q21 vs $3.5m profit on $81.6m in 1Q20; it current-ly has 295 engines (vs 260 a year ago

VIRGIN AUSTRALIA re-leased 737-800 (41010) from AerCap; aircraft had been stored at Goodyear, AZ.

IATA reports global pax traffic dropped 67.2% in March (vs Mar 2019) on 56.8% lower capacity; cargo traffic increased 4.4%.

Recent weeks had seen European airlines sounding increasingly gloomy about the prospects for the summer season recovery, the thought of which likely kept many executives going over the lean COVID-hit winter months.

US DOT reports 23 US scheduled pax airlines recorded cumulative net loss of $35b in 2020 vs net profit of $14.7b in 2019.

The quarantine measure is by far the strictest introduced by any country, with 14 days the standard baseline requirement for self-isolation on arrival.

The European Commission has said its member states should ease restrictions on non-essential travel into the European Union to take account of COVID-19 vaccination campaigns, but advised adding an “emergency brake” mechanism to counter the threat of new variants.

Chilean carrier JetSMART is flying more routes currently than before the COVID-19 pandemic started—a sign that the LCC’s business model is working in South America, CEO Estuardo Ortiz said.

COVID-19 has pushed sustainability and emissions reduction higher up the aviation agenda–and highlighted the need for further action.

The slow pace of Leonardo’s AW609 program has not benefited from the global pandemic.

SOUTHWEST AIRLINES plans June 6 to resume daily Houston Hobby-San Jose, Costa Rica/-Liberia, Costa Rica (737).

BOMBARDIER expects to post $1.3b in business jet revenues for 1Q21, up 18% vs 1Q20, and says it remains on track to deliver 110-120 business jets in

SINGAPORE AIRLINES sold one A350-900 and one 787-10 to Aergo Capital, four A350-900s to Altavair, one A350-900 and two 787-10s to EastMerchant/Crianza

CARGOJET earned C$45.3m in 1Q21 (vs C$32.2m in 1Q20) on 30% higher revenues, citing growth of e-Commerce.

Jens Bischof joined Eurowings as CEO in March 2020 after being CEO at Turkish-German leisure carrier SunExpress. His appointment marked a return to

WILLIS LEASE FINANCE CORPORATION has proposed to offer $336.7m in fixed rate notes via its WEST subsidiary.

SKYWEST had $35.9m net income in 1Q21 (vs $30m in 1Q20) on 26.8% lower revenues and ended quarter with $836m cash.

AIR LEASE CORPORATION amended and extended its senior unsecured revolving credit facility across 50 financial institutions, (JPMorgan Chase Bank, N.A