AerCap concerned about new-engine reliability
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AerCap takes $2.4 billion net charge on aircraft in Russia and Ukraine
Lessor AerCap has taken a $2.4 billion net charge on aircraft that are still in Russia and Ukraine since February, it said on May 17. The charge is for 113 aircraft and eleven engines that are unlikely to be repossessed. AerCap…
SMBC acquires Goshawk to become second-largest lessor
Another interesting consolidation is happening in the leasing world: SMBC Aviation Capital is acquiring Goshawk Aviation. Japanese-owned SMBC is paying $6.7 billion for its former competitor from Hong Kong and will become the second-largest lessor in the world, behind the AerCap/GECAS…
DAE takes write-off on Russian fleet too
Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally, DAE…
ALC writes off 802 million on fleet in Russia
Air Lease Corporation (ALC) will take an $802.4 million write-off on its aircraft remaining in Russia and which are unlikely to be repossessed, the lessor said in an SEC filing on April 22. ALC writes off 802 million on fleet…
ITA Airways sources additional aircraft from AerCap
Italian airline ITA Airways continues to expand its fleet. The carrier has signed an agreement with AerCap for the lease of ten Airbus A320neo’s and two A330neo’s on long-term contracts. Last week, the first Airbus A350-900 in the striking blue livery…