UPDATE – AerCap, the world’s largest leasing company, expects to recognize an impairment on its assets leased to Russian airlines that have not been returned following the sanctions on Russia. The exact amount hasn’t been determined, but the impairment will…
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Pity the traveler with a ticket on Alitalia. Pity, even more, the firm that is doing business with the airline. CNBC has a good summary of the airline’s financial woes. What happens if the airline is shut down? At present…
Spirit Airlines accepted the first A320neo delivery in the United States with an aircraft on lease from AerCap. This is the first of five scheduled deliveries, with four additional options for Spirit. Ted Christie, Spirit’s Chief Financial Officer stated “…
Ethiopian Airlines, in it’s 70th year of operation, is fulfilling its company motto: “The New Spirit of Africa”. It is the first African airline (and second Star Alliance airline), to receive an Airbus A350XWB (on lease from the AerCap). With…
The huge backlogs Airbus and Boeing have for single aisle aircraft are well known. Both firms have backlogs of about seven years at current production levels. Both firms are talking about and planning to increase their production rates to bring…