Coronavirus

GA TELESIS announced agreement to acquire fleet of 777-300ERs; it would not disclose the seller or number of aircraft.

IATA reports global pax traffic dropped 72% in January (vs Jan 2019) on 58.7% lower capacity; cargo traffic increased 1.1%.

European Commission (EC) president Ursula von der Leyen has confirmed that work is underway on a “Digital Green Pass,” which aims to facilitate the restart of European travel.

AerCap CEO Aengus Kelly sees “strong growth opportunities” for his company as airlines are forced into pursuing asset-light strategies and reducing debt burdens over the coming years.

CARGOJET earned C$291.4m in 2020 (vs C$156m in '19) on 37.4% higher revenues; block hours rose 46.3%. It has 28 aircraft.

AERCAP had $295m net loss on $4.5b revenues in 2020 vs $1.2b net income on $4.9b in 2019 and ended year with owned/managed/committed fleet of 1,330

Cutting jobs, closing factories, reducing purchase costs but protecting research and technology investment: Safran finds a new balance.

Delta Air Lines said it plans to return all pilots to active status by October, signaling a faster-than-expected timeline for demand recovery.

After nearly a year of being idled, Canadian operator Porter Airlines has been forced to push back its re-launch date because of continued travel restrictions.

KLM Royal Dutch Airlines is shifting focus slightly on its Embraer E1 and E2 fleets in the recovery from the COVID-19 pandemic.

Czech Airlines (CSA) has filed for court reorganization as a last-ditch survival attempt, following the Czech government’s continued refusal to provide any COVID-19 support.

Organizations representing airports, airlines and the tourism sector are calling on European tourism ministers to work together to establish a strategy for post-pandemic travel recovery in the region.

FORWARDKEYS says domestic air travel in China during New Year Golden Week (Feb 11-17) was down 69.3% vs a year ago.

ICELANDAIR agreed to sell two 737-9s to SKY Leasing for leaseback; aircraft are to be delivered in 1H21.

AIR INDIA restarted weekly Delhi-Moscow Sheremetyevo (A320neo).

PORTER AIRLINES further pushed back its return-to-service date to May 19 from previously announced target of March 29.

VUELING lost €875m in 2020 (vs €240m profit in 2019) on 77% lower revenues.

IBERIA lost €1.4b in 2020 (vs €497m profit in 2019) on 60% lower revenues.

AER LINGUS lost €563m in 2020 (vs €276m profitin 2019) on 78% lower revenues.

BRITISH AIRWAYS lost €3.9b in 2020 (vs €1.3b profit in 2019) on 70% lower revenues.

INTERNATIONAL AIRLINES GROUP (IAG) had €6.9b net loss in 2020 (vs €1.7b profit in 2019) on 75.5% lower revenues. It says it anticipates demand will

AIRSTREAM INTL was mandated to sell 10 ex-Norwegian 737-800s in single as-is, where-is package via public auction.

AIR ASTANA is estimating financial performance for the combined months of January/February 2021 at its highest level since 2017 after $94m loss in

LOS ANGELES INTL AIRPORT handled 1.7m pax in January, down 74% vs January 2020.

Even before the COVID-19 pandemic wreaked havoc on the aviation industry, the need for consolidation was becoming apparent in Mexico.