Coronavirus

The latest additions to the UK’s ever-changing list of “red list” nations that are deemed to have high rates of COVID-19 infections will have an unusually large effect.

FINNAIR GROUP received EC approval for €351.38m state aid to compensate airline for 2020 damages from COVID-19.

CALC earned HK$949m on HK$3.5b revenues in 2020 vs HK$968m on HK$3.5b in 2019, and ended year with owned/managed fleet of 128 aircraft; its owned

SKYWORKS was mandated by Wilmington Trust to remarket two A350-900s, four 787-9s and 11 A321-200s, now parked in Victorville, CA, owned by LATAM 2015

AVCORP INDUSTRIES secured US$24m funding, which includes US$13m revolving credit facility from a significant shareholder and elimination of cash

AERSALE, FL had $8.5m net income on $209m revenues in 2020 vs $15.5m on $304m in 2019, driven by lower revenues from its Asset Management Solutions

Virgin Atlantic has taken a further step to bolster its liquidity as it awaits the hoped-for return of passengers later this year.

Ask the Editors: Private aviation providers report a spike in inquiries and increased sales to former first-class airline passengers.

Health travel apps need government standards.

UNITED says it has seen improvement in demand/new bookings vs previous estimations and now expects core cash flow for March 2021 to be positive; it

NORSE ATLANTIC AIRWAYS, Norway is being formed for startup of long-haul, low-cost services in late 2021 to capitalize on transatlantic routes vacated

INDIGO PARTNERS plans to sell off £40a0m in shares of WIZZ AIR, representing about half of its 17.5% stake in the airline, via an accelerated

A host of U.S. airlines forecast improved bookings for spring and summer travel, driven by continued positive momentum in COVID-19 case counts and vaccinations.

SOUTHWEST continues to expect its 1Q21 capacity to be down 35% vs 1Q20 and down 38% vs 1Q19, but is projecting capacity in May 2021 to increase 118%

JETBLUE AIRWAYS is projecting capacity to be down 41% in 1Q21 vs 1Q19 (vs previous guidance of at least 40%), and expects to report EBITDA of between

DELTA is projecting average daily cash burn of $12m-$14m in 1Q21, ending with liquidity of about $16.5b; it expects total revenue to be at lower end

FBB (Berlin Brandenburg Airport) is projecting its traffic to return to 2019 levels (35.6m pax) in 2025. It introduced financial restructuring plan

VIRGIN ATLANTIC AIRWAYS plans to raise another £160m in new financing comprising £100m from Virgin Group and £60m in deferrals.

ALTA members flew 38.8b RPKs in January, down 54.4% vs Jan 2020; capacity fell 46.8% to 55.4b ASKs. PLF was 70.1%.

AIRBALTIC is resuming service to cities outside of the EU, including Kyiv from March 17 and Tbilisi, Tel Aviv, Moscow, St. Petersburg and Minsk from

CHINA EASTERN AIRLINES announced it has returned to service all of its aircraft that had been grounded in Shanghai.

US DOT reports US airlines carried 25.8m pax in January, down 63% from 79m in January 2020; international pax fell 68%.

A cruel irony of the downturn in commercial aerospace is that there may not be enough workers to staff the recovery.

UK leisure carrier Jet2 and Irish LCC Ryanair are both planning to draw down funds under the Bank of England’s COVID Corporate Financing Facility (CCFF), which is set to close March 22.

The House of Commons transport committee has urged the UK government to release its travel restart plan on April 12 and to allow international travel to resume from May 17.