Coronavirus

EASA is urging European airport operators to ensure ground-handling companies at their facilities are prepared to handle increased traffic as airlines steadily rebuild their networks amid the global COVID-19 pandemic.

VIRGIN GALACTIC announced underwritten public offering of 20.5m shares of common stock to raise $460m in gross proceeds for general corporate purposes

SPIRIT AEROSYSTEMS had $256m net loss in 2Q20 (vs $168m net income in 2Q19) on 68% lower revenues, and ended quarter with $1.9b in cash. It delivered

EASYJET posted £324.5m pretax loss for third quarter ended June 30 (vs £174.2m profit a year ago) on 99.6% lower revenues, and ended quarter with £2

JETBLUE AIRWAYS agreed to sell six GTF-powered A321neos to SKY Leasing for leaseback from 2H20.

AIRCASTLE lost $191m in 2Q20 (vs 31.1m net profit in 2Q19) on 14.3% higher revenues; it owns 274 aircraft. It says it has no new aircraft purchase

Embraer has launched a Medevac version of its Phenom 300 light jet called the Phenom 300MED for civil and government applications.

Weekly scheduled airline capacity has risen to more than half of the level recoded this time in 2019—although the pace of recovery is differing from region to region.

Philippine Airlines (PAL) and other carriers based in the country have canceled all domestic flights to and from the key Manila market due to a resurgence of COVID-19 cases.

With so much going on within the aviation sector we want to know your views on the key topics and stories.

The Chinese domestic airline market has recovered more quickly from the virus crisis than markets elsewhere, but Chinese MRO is still heavily

TRONOS AVIATION CONSULTING, WA forecasts new aircraft seat production at $1.57b for 2020 vs $3.6b in 2019; total 5-year interior aftermarket forecast

MITSUBISHI HEAVY INDUSTRIES says its Aircraft, Defense & Space unit lost ¥62b for first quarter ended June 30 (vs ¥29.4b profit a year ago) on 2%

AIRASIA X earned (EBITDA) RM94m in first quarter ended June 30 (vs RM264.5m a year ago) on 21% lower revenues.

JAL had ¥93.7b net loss in first quarter ended June 30 (vs ¥12.9b net profit a year ago) on 78.1% lower revenues; it has ¥394.3b cash. It says it

TUI TRAVEL AVIATION FINANCE agreed to sell five 737 MAX-8s to BOC Aviation for leaseback from 2021 for operation by TUI.

AIR INDUSTRIES GROUP says it is accelerating its growth strategy in response to pandemic-induced, severe contraction in aerospace industry; it issued

UNITED AIRLINES plans to resume service on nearly 30 international routes in September and says it intends to fly 37% of its overall schedule (30%

ARLINGTON CAaPITAL PARTNERS agreed to acquire Triumph Group's composites operations (structural and engine composite fabrications and assemblies)

Ask the Editors: The TSA and Homeland Security should be mandating such checks and tests.

AZUL, Brazil reports it ended 1H20 with total liquidity of R$2.3b and expects to burn R$3m cash per day through end 2020.

MTU AERO ENGINES had €13.2m net income for 2Q20 (vs €102.8m in 2Q19) on 30% lower revenues; 1H20 sales fell 8.7%.

SPIRIT AEROSYSTEMS announced it is further reducing workforce on commercial programs at Wichita by another 1,100 employees (450 layoffs) due to lower

Safran is projecting a 50% decline in commercial engine aftermarket revenues in 2020, but cautions that airline balance sheets, closely linked to air travel demand, will have significant influence on how quickly the lucrative segment recovers.

Auckland International Airport (AKL) is dividing its international terminal into two zones so it can separate passengers when quarantine-free travel bubbles are established.