Financial

ACC Aviation Group have secured a US$100,000,000 Non-Owned third-party Legal Liability (NOL) policy, covering aircraft charter and wet leasing business undertaken by the company. While the COVID-19 pandemic has significantly impacted the global business community, ACC has continued working with airline suppliers to support their clients worldwide, repatriating displaced nationals and keeping critical supplies and equipment moving. The NOL

The European Union Aviation Safety Agency (EASA) has agreed on concrete measures that will offer financial relief to companies in the aviation industry whose business has been severely impacted by the COVID-19 crisis. These measures take account of the continued sustainability of EASA and have been agreed with the support of the European Commission. The

Fly Leasing has reported its financial results for the first quarter of 2020. FLY is reporting net income of US$38.1 million for the first quarter, compared to net income of US$45.0 million for the same period in 2019. The first-quarter 2020 results include a US$9.4 million unrealized fair value loss related to investments in ABS

TAG Aero and Unique Airmotive Services have completed a dual acquisition and merger facilitated by Mill Hill Capital. UAS Holdings Company has been formed as the parent company and migrates both facilities under one brand, TAG Aero. The combined companies will bring together a leading APU repair station with capabilities reaching 20,000 aircraft worldwide. Unique

JetBlue, the sixth-largest American low-cost carrier by passenger numbers carried, has posted a first-quarter 2020 loss of US$269 million and, as a result, has reduced its order book with Airbus by approximately one third in a bid to save around US$1.1 billion on aircraft purchases. JetBlue now anticipates receiving 40 Airbus jets by the end