Coronavirus

PACIFIC AEROSPACE, New Zealand was declared insolvent and its Civil Aviation Authority (CAA) certificates were suspended.
Business Aviation

SOUTHWEST AIRLINES says its average core cash burn was $15m per day in January 2021 and now estimates cash burn to be $15m per day in 1Q21 vs previous
Air Transport

By Alan Dron
Charity UNICEF has launched an initiative with 16 airlines to ensure consignments of COVID-19 vaccine and other humanitarian supplies reach the areas where they are most needed.
Airlines & Lessors

ONTARIO INTERNATIONAL AIRPORT, CA handled 70,500 tons of cargo in January, up 15.6% vs January 2020.
Air Transport

By Chen Chuanren
The government of Singapore will pour another S$870 million ($657.5 million) into its aviation sector, in an effort to help the Singapore air hub edge out competition as the industry claws its way to recovery.
Safety, Ops & Regulation

By Tony Osborne
The UK’s Royal International Air Tattoo has joined the growing list of 2021 aerospace events canceled over the uncertainty of the coronavirus pandemic.
Aircraft & Propulsion

By Molly McMillin
Following cancellation of this year's edition of the European Business Aviation Convention & Exhibition (EBACE), organizers of the in-person event have launched a virtual programming series called EBACE Connect to bring the business aviation industry together.
Aircraft & Propulsion

By Victoria Moores
UK leisure carrier Jet2 has raised approximately £422 million ($585 million) to help weather further COVID-19 pandemic-related shutdowns.
Airlines & Lessors

By Lori Ranson
U.S. pilot unions are joining airlines and manufacturers in opposing a potential coronavirus test requirement for domestic U.S. airline passengers, though a mandate to move forward with the proposal does not seem imminent.
Safety, Ops & Regulation

By Guy Ferneyhough
India’s Directorate General of Civil Aviation (DGCA) has extended the duration of its 80% limit on how much pre-COVID-19 capacity airlines in the country are allowed to fly.
Safety, Ops & Regulation

GOL

GOL says its net cash burn was R$1m per day in January, reversing daily net cash generation in November/December; it is now conservatively estimating
Air Transport

AIR CANADA had C$1.2b net loss for 4Q20 (vs C$152m profit in 4Q19) on 81% lower revenues; and C$4.6b net loss in 2020 (vs C$1.5b profit in 2019) on 70
Air Transport

CAE

CAE had C$49.7m net income on C$832m revenues for third quarter ended December 31 vs C$99.8m on C$924m a year ago. Civil Aviation Training Solutions
Aerospace

By Angus Batey
Some patterns in business aviation have emerged or solidified in the wake of the COVID-19 pandemic that appear likely to remain important in the future.
Aircraft & Propulsion

By Kurt Hofmann
The Republic of Turkey plans to move ahead with six new airport projects and predicts that the hub of Istanbul will gain even more importance once the COVID-19 pandemic ends.
Airports & Networks

By Jens Flottau
Germany’s federal government has agreed to grant 12 airports a total of €200 million ($240 million) in financial aid and pledged to support three more in which it holds equity stakes.
Airports & Networks

FRANKFURT AIRPORT handled 883k pax in January, down 80.9% vs January 2020; cargo rose 18.1% to 176,266 tons.
Air Transport

AERO CAPITAL SOLUTIONS, TX announced it acquired 20 A320ceo Family aircraft from easyJet in purchase/leaseback transaction over two tranches in 2020
Air Transport

LONDON HEATHROW handled 677k pax in January, down 88.9% vs Jan 2020; movements decreased 75% and cargo traffic dropped 21.1% to 91,466 tonnes.
Air Transport

SPIRIT AIRLINES had $157.3m net loss in 4Q20 (vs $81.2m profit in 4Q19) on 48.6% lower revenues; and $428.7m net loss in 2020 (vs $335m profit in 2019
Air Transport

ALTA members flew 36.4b RPKs in December, down 55.7% vs December 2019, on 49.1% lower capacity; and 348.9b RPKs in 2020, down 61.9% vs 2019, on 55.7%
Air Transport

BOMBARDIER AVIATION earned $937m on $6.5b revenues in 2020 vs $1.2b on $7.5b in 2019; it delivered 114 business jets (59 Globals; 44 Challengers; 11
Business Aviation

AVOLON lost $37m on $2.3b lease revenues in 2020 vs $725m profit on $2.6b in 2019, and ended year with owned/managed/committed fleet of 842 aircraft
Air Transport

COPA lost $598.6m in 2020 (vs $247m profit in 2019) on 70.4% lower revenues. It ended year with fleet of 75 aircraft, including 68 737-800s and seven
Air Transport

TRIUMPH GROUP sold its 1m sq ft manufacturing facility at Red Oak, TX to ARLINGTON CAPITAL PARTNERS; site specializes in manufacture of large, complex
Aerospace