Air Transport

WILMINGTON TRUST was appointed by Nordic Aviation Capital as its security trustee for US$6b debt restructuring.

ALLEGIANT AIR lost $105.4m in 2Q20 (vs $115.5m profit in 2Q19) on 73.5% lower revenues. It reduced 2Q20 capacity by 50.1% and anticipates 3Q20

LAX reported a year-to-year drop in pax traffic of 87.1% in June; cargo fell 9.6%.

The European Council has further reduced its list of countries from which it recommends lifting COVID-19 travel restrictions, removing Algeria from the “safe list” in its latest update.

AirAsia X (AAX) has signaled it will not resume scheduled flights until late 2020 and is cutting its fleet and network to aid its eventual recovery.

Safran is taking the opportunity of the ongoing COVID-19 crisis to accelerate the reorganization of its cabin interiors activity, aiming at making it stronger than before the pandemic.

The municipal government of Fuzhou, China, is moving to take a larger stake in HNA’s Fuzhou Airlines as part of a drive to expand local air services.

Irish lessors AerCap and Avolon have both released second quarter (Q2) 2020 financial results that reveal the initial impact of the COVID-19 crisis on their balance sheets.

Emirates Airline has notified its passengers that all travelers arriving in Dubai or transiting at its Dubai (DXB) hub must have a negative COVID-19 PCR test certificate, starting from Aug. 1.

Kenya Airways will be resuming its international passenger services on Saturday 1 August 2020 following the easing of movement restrictions as directed by H.E President Uhuru Kenyatta.

As production rates have decreased amid the COVID-19 crisis, Airbus’ suppliers are in a difficult but still viable situation, according to Guillaume Faury, the airframer’s CEO.

While many Asia-Pacific carriers have restored their domestic networks, new COVID-19 outbreaks threaten to dampen the recovery.

COVID KPIs: Deliveries

FRONTIER agreed to sell three US-assembled A320neos with LEAPs to CDB Aviation for leaseback; first (10031) delivered.

AIR ATLANTA ICELANDIC purchased ex-China Cargo 747-400F (28263) with PW4056s from GECAS for sublease to SAUDIA.

EGYPTAIR took delivery of new LEAP-powered A320neo (10072) on lease from AerCap as part of deal for 15.

COLORFUL GUIZHOU AIRLINES took delivery of second LEAP-powered A320neo (9543) from GECAS as part of deal for four.

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GE Aviation saw 2020 second-quarter revenues decline 44% as the company absorbed more than its share of commercial aviation’s multiple crises, with lower global travel demand reducing both new-equipment and services revenues, while the 737 MAX slowdown continues to create headwinds for the CFM LEAP 1-B engine program.

Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022

JetBlue Airways is the first U.S. airline to place into service a new Honeywell ultraviolet (UV) cabin disinfection system through a pilot evaluation.

Privately owned African startup Sky Mali, having secured its air operator’s certificate (AOC), is planning to launch flights to four domestic destinations.

Wizz Air CEO József Váradi is looking to accelerate aircraft deliveries and is considering new orders, viewing the post-COVID downturn as a unique opportunity to buck the market.