February 18th 2021: The extent of the ongoing cash burn is again highlighted by reported losses, the latest coming from Air France-KLM, with a net loss of €7.1 billion in 2020. But successful fund raisings by Lufthansa, which issued four and seven bonds to the value of €1.6 billion, and equity issues by UK’s Jet2 and Norwegian start-up Flyr, show that investors remain positive; MAX groundings mean 737NG values have fallen less than A320ceo – up to now; Vaccinated-Only Flights could enjoy high load factors; Latest 'Data Snapshot' from Eurocontrol says the vast bulk of aviation emissions are by long haul flights; ESG impact - the focus of governments on the climate change agenda is putting pressure on equity investment managers and debt providers to seek compliance with ESG criteria from the companies they invest in or lend to. CORRECTION: In the E-zine sent to subscribers of the February 18th issue the headline "Aero acquires 20 aircraft from easyJet as lessors continue to acquire and place aircraft" originally erroneously referred to "Aergo" rather than "Aero" as the acquirer.