Airbus reports half-year results Airbus has reported consolidated financial results for the half year ended June 30, 2020. Net commercial aircraft orders totaled 298 (H1 2019: 88 aircraft), including eight aircraft in Q2, with the order backlog comprising 7,584 commercial aircraft as of June 30, 2020. Airbus Helicopters booked 75 net orders (H1 2019: 123
ANA Holdings (ANAHD) has reported its financial results for the three months ended June 30, 2020. In the first quarter of fiscal year 2020 the global economy was characterized by widespread economic challenges due to the impact of COVID-19. Under these conditions, operating revenues decreased to 121.6 billion yen due to the severe impact across
Hawaiian Airlines, a wholly owned subsidiary of Hawaiian Holdings, has announced its offering of Enhanced Equipment Trust Certificates which will be used to obtain financing secured by eight Airbus aircraft. The offering is comprised of approximately US$216,976,000 of Class A certificates, and approximately US$45,010,000 of Class B certificates. Each class of certificates represents an interest
Shares in Ryanair tumbled 8% as a consequence of Europe’s largest low-cost carrier announcing that it has reviewed its annual passenger target downwards by 25%, despite the figures for the lockdown quarter of April-June coming through at better-than-expected levels. Having cut 99% of its capacity as a consequence of the COVID-19 pandemic, the carrier posted
The Belgian Federal Government, Lufthansa and Brussels Airlines have reached an agreement securing the future of Belgium’s home carrier and herewith the long-term development of the airline. The stabilization package of €290 million from the Belgian Federal government and the €170 million financial support of Lufthansa cover parts of the losses incurred by Brussels Airlines
Trive Capital (Trive), the Dallas-based private equity firm, has announced its recent partnership with Field Aerospace (Field). Field operates out of three facilities located in the U.S. and Canada, specializing in aircraft integration, engineering, modification, and support services for government, aerospace, and defense customers. The company has a 70+ year operating history in aircraft modification
International Airlines Group (IAG) has extended its worldwide commercial partnership with American Express. Under the agreement American Express will make a payment to IAG Loyalty of approximately £750 million (US$968 million), a significant part of which is a pre-purchase of Avios points that American Express will utilise in the U.K. and world-wide for its British
Singapore Airlines (SIA) has successfully raised an additional S$750 million through long term loans secured on some of its Airbus A350-900 and Boeing 787-10 aircraft. With the completion of these transactions, SIA has now raised a total of S$1.65 billion from secured financing since the start of financial year 2020/2021. The total liquidity raised during
Bombardier, the Canadian plane and train maker, has secured a US$1 billion secured loan, indicating that the company will now have sufficient liquidity to see it through the worst of the COVID-19 pandemic. Having severely revised its 2020 forecast, Bombardier has now begun to announce job cuts as the market for high-profit-margin jets falls, with
Spirit Airlines reported total operating revenue for the second quarter 2020 of US$138.5 million, a decrease of 86.3% year over year, due to the significant decline in air travel demand as a result of the COVID-19 pandemic. Spirit reported a net loss of US$144.4 million for the second quarter compared to net income of US$114.5
