Coronavirus

SAS GROUP lost SEK2.1b for first quarter ended January 31 (vs SEK861m net loss a year ago) on 76% lower revenues.

Scandinavian Airlines (SAS) is hopeful the COVID-19 vaccine rollout will lead to an ease in travel restrictions and an increase in travel demand as summer approaches.

CFM INTERNATIONAL delivered 972 engines (815 LEAPs) in 2020 vs 2,127 (1,736) in 2019; it has >9,600 LEAPs on backlog.

BOEING forecasts demand for 2,610 new aircraft (90% narrowbodies) worth $365b in Latin America/Caribbean over 20 years to satisfy 5.1% annual pax

Europe could lead global defense spending growth if nations continue current spending trajectories, analysis by the London-based International Institute of Strategic Studies has suggested.

EasyJet said it would raise €1.2 billion ($1.5 billion) from a bond issue, in a sign of optimism about the prospects for a recovery of the air transport sector over the coming months.

Brussels Airlines has outlined its flying program for the summer 2021 season, which includes the resumption of North Atlantic services and the addition of a new route to Frankfurt.

Tourism-dependent Thai Airways has reported a record loss of THB141 billion ($4.7 billion) for 2020 after the sector collapsed following COVID-19-related border closures.

Qantas expects to reopen almost all of its international routes by late October, although they will be operated by smaller widebodies as its Airbus A380s will remain parked.

Air New Zealand has slashed its cash burn by more than half compared to the early stages of the COVID-19 crisis thanks to its cost-cutting efforts.

EASYJET priced €1.2b of bonds under its Euro Medium Term Note (EMTN) program to be issued by easyJet FinCo.

AERODYNAMIC ADVISORY predicts jetliner production will not return to pre-pandemic levels until 2027. In 2019, BOEING delivered 380 aircraft and AIRBUS

ALASKA says its cash burn in January was $137m and will no longer provide cash burn guidance; it expects its 1Q21 cash flow from operations, including

AIR TAHITI NUI is expected to place two of its four 787-9s into storage at Goodyear, AZ; first (39297) arrived February 23.

The UK government plans to set up a taskforce to decide how it can help the travel sector through the COVID-19 pandemic.

London Heathrow Airport is hopeful that a combination of the UK’s successful COVID-19 vaccine roll-out and its hosting of a G7 summit in June will be catalysts for restoring air services at the hub airport.

Alaska Airlines forecast an improvement in cash flows during the 2021 first quarter (Q1), signaling expectations for a pick-up in domestic passenger

Air New Zealand and Malaysia Airlines are the latest carriers to sign up to trial the IATA Travel Pass, a new digital app that streamlines how passengers can access the COVID-19 tests required for their travel and securely convey results to airlines.

Flight departments are facing new challenges during the COVID-19 pandemic.

Thailand’s domestic capacity has bounced back strongly since the early days of the COVID-19 crisis, with LCCs leading the recovery and increasing their dominance of the Thai market.

AIR LEASE CORPORATION priced public offering of 300,000 shares at $1,000 each; sale is expected to close on March 2.

IATA expects airline industry to remain cash negative throughout 2021 (1H21 will be worse than anticipated) with estimated cash burn ballooning to

AEROCOR completed record 58 sales transactions (of 991 industry-wide) for very light jets in 2020, including 31 in 4Q20.

Kuwaiti LCC Jazeera Airways foresees significant demand for air transport starting to return from midway through 2021 and intends to continue with plans to revitalize its fleet.

Business jet deliveries in 2020 fell 20%, while turboprop shipments declined 16% and piston aircraft deliveries were steady, with a decrease of 0.9%, according to data released Feb. 24 by the General Aviation Manufacturers Association during its 2021 State of the Industry press conference.