Coronavirus

FLYDUBAI had AED712m net loss for 2020 (vs AED198.2m profit in 2019) on 53% lower revenues; it ended year with 51 737s.

WILLIS LEASE FINANCE had $2.2m net loss on $61.1m revenues in 1Q21 vs $3.5m profit on $81.6m in 1Q20; it current-ly has 295 engines (vs 260 a year ago

VIRGIN AUSTRALIA re-leased 737-800 (41010) from AerCap; aircraft had been stored at Goodyear, AZ.

IATA reports global pax traffic dropped 67.2% in March (vs Mar 2019) on 56.8% lower capacity; cargo traffic increased 4.4%.

Recent weeks had seen European airlines sounding increasingly gloomy about the prospects for the summer season recovery, the thought of which likely kept many executives going over the lean COVID-hit winter months.

US DOT reports 23 US scheduled pax airlines recorded cumulative net loss of $35b in 2020 vs net profit of $14.7b in 2019.

The quarantine measure is by far the strictest introduced by any country, with 14 days the standard baseline requirement for self-isolation on arrival.

The European Commission has said its member states should ease restrictions on non-essential travel into the European Union to take account of COVID-19 vaccination campaigns, but advised adding an “emergency brake” mechanism to counter the threat of new variants.

Chilean carrier JetSMART is flying more routes currently than before the COVID-19 pandemic started—a sign that the LCC’s business model is working in South America, CEO Estuardo Ortiz said.

COVID-19 has pushed sustainability and emissions reduction higher up the aviation agenda–and highlighted the need for further action.

The slow pace of Leonardo’s AW609 program has not benefited from the global pandemic.

SOUTHWEST AIRLINES plans June 6 to resume daily Houston Hobby-San Jose, Costa Rica/-Liberia, Costa Rica (737).

BOMBARDIER expects to post $1.3b in business jet revenues for 1Q21, up 18% vs 1Q20, and says it remains on track to deliver 110-120 business jets in

SINGAPORE AIRLINES sold one A350-900 and one 787-10 to Aergo Capital, four A350-900s to Altavair, one A350-900 and two 787-10s to EastMerchant/Crianza

CARGOJET earned C$45.3m in 1Q21 (vs C$32.2m in 1Q20) on 30% higher revenues, citing growth of e-Commerce.

Jens Bischof joined Eurowings as CEO in March 2020 after being CEO at Turkish-German leisure carrier SunExpress. His appointment marked a return to

WILLIS LEASE FINANCE CORPORATION has proposed to offer $336.7m in fixed rate notes via its WEST subsidiary.

SKYWEST had $35.9m net income in 1Q21 (vs $30m in 1Q20) on 26.8% lower revenues and ended quarter with $836m cash.

AIR LEASE CORPORATION amended and extended its senior unsecured revolving credit facility across 50 financial institutions, (JPMorgan Chase Bank, N.A

MTU AERO ENGINES had €49m net income on €989m revenues in 1Q21 vs €112m on €1.3b in 1Q20, and ended quarter with order backlog of €20.2b, up 9% from

SAFRAN reported revenues of €3.3b in 1Q21 vs €5.4b in 1Q20; Aerospace Propulsion fell 37.5% and Aircraft Interiors fell 55%.

CFM INTERNATIONAL delivered 26 CFM56s/188 LEAPs in 1Q21 vs 54/272 in 1Q20; it has backlog of >9,200 LEAP engines.

High stakes and big choices will shape business travel recovery.

How can we expect the global airline industry to return to self-sustainability when it is built on junk bonds? This is an important question as

Heavily indebted Hainan Airlines sunk to a record CNY64 billion ($9.8 billion) net loss for 2020 as debt restructuring for its bankrupt parent company HNA Group drags on.