Air Transport

A survey of the MRO industry conducted in March reveals a shift in skills needed and the a high percentage of retirement-age employees.

ANGKASA PURA LOGISTICS (APLOG) wet-leased ATR 72-500F (746) from Pelita Air Service for short runway operations.

CATHAY PACIFIC unveild HK$39b in recapitalization financing via offering of HK$19.5b in preference shares with detachable warrants, HK$11.7b rights

ALTA members flew 2.2b RPKs in April, down 97.1% vs April 2019; capacity fell 96% to 3.6b ASKs. PLF was 59.6%.

A representative from the country’s largest flight attendant union has urged U.S. House members to extend federal payroll support into 2021.

CANADA JETLINES is adding US$1.5m to its investment offering to allow participation of existing securityholders who may not otherwise qualify as

AZUR AIR, Russia leased ex-TACV 757-200 (30045) with PW2040s from AerCap.

LOONG AIR took delivery of new LEAP-powered A320neo (9534) on lease from CDB Aviation.

MERIDIAN CAPITAL, Hong Kong has sold its interest in NOVAPORT GROUP, Russia (regional airport operator) to co-shareholder AEON, Russia.

EUROCONTROL is projecting that 32% of flights could resume in July (50% by August), if procedures and national restrictions were fully coordinated

Commercial aftermarket revenues are on track to fall 50% in the second quarter (Q2), in line with an industry consensus that has global airline activity slowly increasing after hitting bottom in April, two new surveys show.

Responding to the brutal downturn caused by the COVID-19 pandemic, the French government on June 9 announced an €8-billion ($9 billion) bailout plan that not only aims to save employees from layoffs and aerospace companies from bankruptcy—it takes the opportunity to force an overdue consolidation and modernization of the supply chain.

The International Air Transport Association (IATA) anticipates the airline industry will return to profitability in 2022.

Southwest Airlines completed a $1.8 billion debt offering on June 8, part of an effort to buttress its balance sheet during the extended industry downturn caused by the COVID-19 pandemic.

Ryanair subsidiary Laudamotion will reopen its Vienna operations July 1 after over 90% of its pilots and some 66% of its cabin crew working out of the base voted to accept its new collective labor agreement (CLA).

China Express Airlines on June 10 will sign a preliminary agreement to buy 50 Comac ARJ21s and take options on 50 more, industry sources said.

IATA is now forecasting cumulative global airline industry losses of $84.3b in 2020 and $15.8b in 2021 on 50% and 29% lower revenues respectively vs

Wan Zulkiflee to Non-Executive Chairman of Malaysian Airlines.

GOL says it has strengthened total liquidity to R$3.5b, which represents >12 months of cash reserves (excluding refunds and restricted cash) to

RAYA AIRWAYS leased a second 767-200F (22215; ex-Amerijet International) from Cargo Aircraft Management (ATSG).

Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.

Indonesia's transport ministry has removed a 50% load factor restriction on flights as the country prepares to resume normal economic activities.

The African Airlines Association (AFRAA) and the leading aviation service provider, ACC Aviation Group, have announced a strategic partnership for the provision of market-leading services that will support the development of Africa’s aviation industry.

The Hong Kong government will gain a minority stake in Cathay Pacific thanks to a massive bailout package, while the airline has committed to further wage savings and a sweeping overhaul of the group’s business strategy.

The to-do list for Mitsubishi: Hit cost targets, then set and execute a certification plan and finally decide when to resume production.