AAR Corp. (AIR) Tops Q4 EPS by 49c, Revenues Beat

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Southeast Asia budget airline boom turns sour for planemakers, lessors

July 20, 2020 10:50 PM EDT

By Jamie Freed and Anshuman Daga

SYDNEY/SINGAPORE (Reuters) - Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets.

Auditors for Malaysia's AirAsia Group Bhd and Vietnam's VietJet Aviation JSC are concerned about cashflows and funding, while Indonesia's Lion Air has put the brakes on a planned flotation.

Even before the pandemic, bankers and leasing bosses were worried about whether aircraft ordered during a decade-long buying... More

Air France pilots in draft deal on low-cost domestic flights

July 20, 2020 12:30 PM EDT

PARIS (Reuters) - Air France-KLM (NYSE: AIR) has struck a tentative deal with French pilots to transfer some domestic services to low-cost subsidiary Transavia, as the airline group steps up restructuring in the wake of the coronavirus crisis, the main pilots' union said.

... More

Embraer's commercial jet deliveries collapse amid pandemic

July 20, 2020 7:32 AM EDT

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA said on Monday it had delivered just four commercial planes in the second quarter, compared with 26 a year ago in the same period, blaming the collapse on the coronavirus pandemic.

The crisis has hammered travel around the world... More

Aerospace leaders say collaboration, government support help mitigate pandemic

July 20, 2020 7:03 AM EDT

LONDON (Reuters) - Deeper industry collaboration and government support will help Europe's aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.

Europe's biggest aerospace and defence companies Airbus (NYSE: AIR), BAE Systems and Leonardo (OTC: LDOF) had expected to spend this week showcasing aircraft and entertaining clients at the biennial Farnborough Airshow in southern... More