Coronavirus

AIR NOSTRUM is seeking €103m in loans from fund managed by SEPI to offset losses due to COVID-19 and forecast of slower recovery than originally

Philippine carrier Cebu Pacific has received a $250 million cash injection in the form of convertible bonds from International Finance Corporation (IFC), IFC Emerging Asia Fund and Indigo Philippines LLC, a subsidiary of serial US airline investor Indigo Partners.

Long-sought changes have the potential to turn Spirit’s 20th-century-style factories into marvels of digitally driven lean manufacturing.

Ask the Editors: Flight crews favor vaccination, but requirements depend on airline policies and local laws, which are changing quickly.

TURKISH AIRLINES has cancelled 10 of its 63 remaining 737 MAXs on order and converted another 40 into options until December 21, 2021; the remaining

ALTA members flew 25.6b RPKs in February, down 66% vs Feb 2020; capacity fell 54% to 43.5b ASKs. Pax fell 55.7%.

Despite ongoing concerns, MRO providers seeing room to hope as airline traffic rebounds.

DELTA AIR LINES had $1.2b loss in 1Q21 (vs $74m loss in 1Q20) on 60% lower revenues; its average cash burn was $11m per day, which included a positive

VIRGIN AUSTRALIA agreed to re-lease 10 of its previously operated 737-800s from various lessors to facilitate network growth that includes planned

WIZZ AIR expects to post net loss of €570m-€590m for year ended March 31, ending year with €1.6b in total liquidity.

FRANKFURT AIRPORT handled 925k pax in March, down 56.4% vs March 2020; air cargo increased 24.6%. It adds 1Q21 pax traffic decreased 77.6% vs 1Q20.

NAV CANADA reports March traffic (measured in weighted charging units for navigation services) fell 40.9% vs March 2020 and 57.4% vs March 2019.

VOLARIS says it has targeted additional working capital relief of US$100m via payment deferrals and optimized fleet plans for post-COVID traffic

AIRBALTIC had €264.6m net loss in 2020 (vs €9.1m loss in 2019) on 72% lower revenues; enplanements dropped 73%.

AEROCENTURY had $42.2m net loss on $16m revenues in 2020 vs $16.7m loss on $44m in 2019; it has eight aircraft.

Kuwaiti LCC Jazeera Airways is planning to increase its capital as it seeks to mitigate the financial implications of the coronavirus pandemic.

How MROs in North America are moving forward with digital strategies despite COVID-19.

With the end of government support in the offing, French lobbying group GIFAS frets about a transition period for small suppliers.

The exemplary support the French government has provided to the country’s aerospace industry has proved effective damage control.

QANTAS GROUP says it is now sticking with plan to resume international service in October 2021; 22 of 25 routes served prior to COVID-19 would use

AMERICAN reached agreement with Boeing to defer/convert five 787-8s to 787-9s for delivery in 2023; 14 787-8s are now scheduled to occur by end 1Q22

JAZEERA AIRWAYS, Kuwait received Board recommendation to increase its current capital by 10% from KD20m to KD22m (to combat COVID-19 crisis) via share

NORWEGIAN has increased its capital raise as part of its restructuring plan from NOK4.5b-NOK5b to NOK4.5b-NOK6b; it has reduced total debt by NOK62b

EASYJET expects pretax loss of £690m-£730m for six months ended March 31 (vs £353m loss a year ago) on 90% lower revenues/85% lower capacity; total

FLIGHTAWARE says commercial flight traffic in China is now only 2.09% away from a full recovery; traffic in China averaged 13,487 flights per day in