Coronavirus

By Kurt Hofmann
In a depressed air transport market where passenger transit is not expected to return to pre-pandemic levels until 2024 and belly hold capacity remains limited, Lufthansa Technik and Airbus have presented a new offer to Airbus A330 operators.
Aircraft & Propulsion

By Irene Klotz
First mission is to send an uncrewed Orion capsule into lunar orbit.
Space

By Jen DiMascio
Finland fighter bids submitted; Air Force One’s costs rise; Pentagon’s R&D nominee; and Top Aces win renewal.
Aircraft & Propulsion

CARGOLUX had US$769m net profit in 2020 (vs $20m in 2019) on 40% higher revenues, and ended year with 30 747Fs.
Air Transport

By Lori Ranson
After some fits and starts during the last couple of years, Frontier Airlines is once again a publicly traded company.
Airlines & Lessors

MESA AIR GROUP has secured $195m from US Treasury via Payroll Support Program 3 in exchange for stock warrants.
Air Transport

LUFTHANSA GROUP had €1b net loss in 1Q21 (vs €2.1b loss in 1Q20) on 60% lower revenues, and ended quarter with €10.6b in liquidity; traffic revenues
Air Transport

By Helen Massy-Beresford
The European parliament has taken another step toward a COVID-19 passport for the region, voting Wednesday on the implementation of the EU COVID-19 certificate.
Safety, Ops & Regulation

EMBRAER had US$89.7m net loss on US$807.3m revenues (33.7% commercial aviation) in 1Q21 vs US$292m loss on US$633.8m (21.9%) in 1Q20 and ended quarter
Aerospace

CATHAY PACIFIC plans May 21 to resume weekly Hong Kong-Dubai (A330-300).
Air Transport

AVOLON had $83m net loss on $470m lease revenues in 1Q21 vs $141m profit on $644m in 1Q20, and ended quarter with owned/managed/committed fleet of 840
Air Transport

TRANSAT secured C$700m in funding from Government of Canada (via LEEFF program) to offset losses from COVID-19.
Air Transport

GOL

GOL had R$2.5b net loss in 1Q21 (vs R$2.3b loss in 1Q20) on 50% lower revenues, and ended quarter with R$1.8b in liquidity. It is initiating a capital
Air Transport

AIRBUS had €362m net income on €10.5b revenues in 1Q21 vs €481m net loss on €10.6b in 1Q20; Commercial Aircraft earned €343m (vs €57m) on 4% lower
Aerospace

BOEING says 737 program is currently producing at a low rate and expects to gradually increase production to 31 per month in early 2022; it adds 777
Aerospace

By Jens Flottau
Lufthansa Group expects a steep recovery in the second half of 2021 after posting disappointing results for the first quarter (Q1) of the year.
Airlines & Lessors

By Kurt Hofmann
Lufthansa subsidiaries Austrian Airlines, Swiss International Air Lines (SWISS) and Brussels Airlines reported substantial losses for 2021 first quarter (Q1), traditionally the lowest performing period of the aviation year.
Airlines & Lessors

HAWAIIAN AIRLINES had $60.7m net loss in 1Q21 (vs $144.4m loss in 1Q20) on 67.4% lower revenues; it has $1.9b cash.
Air Transport

GE AVIATION earned $641m on $5b revenues in 1Q21 vs $1b on $6.9b in 1Q20; it delivered 359 commercial engines (188 LEAPs) vs 530 (272). It says
Aerospace

BOEING posted $537m net loss on $15.2b revenues in 1Q21 vs $628m loss on $16.9b in 1Q20; BCA revenues fell to $4.3b, driven by lower 787 deliveries
Aerospace

AERCAP had $228m net income on $1.1b in 1Q21 vs $280m on $1.2b in 1Q20, and ended quarter with owned/managed/committed fleet of 1,321 aircraft with
Air Transport

GENERAL DYNAMICS AEROSPACE earned $220m on $1.9b sales in 1Q21 vs $240m on $1.7b in 1Q21, and ended quarter with $11.9b backlog vs $13.3b a year ago
Business Aviation

CHINA EASTERN AIRLINES posted RMB11.8b net loss in 2020 (vs RMB3.2b net profit in 2019) on 51.5% lower revenues.
Air Transport

AIRBUS and LUFTHANSA TECHNIK teamed to provide reversible Cargo-in-Cabin solution for A330. LHT owns STC and will provide the modification kits.
MRO

DUBAI INTL AIRPORT handled 5.75m pax in 1Q21, down 68% vs 1Q20.
Air Transport