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,...
Avolon has taken a $304 million impairment on aircraft leased to Russian customers that are now subject to international sanctions. The recognition reduces the carrying value of ten aircraft to zero, the lessor said on May 3 in its Q1 results update. Avolon: $304...
Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine. Last week, Air...
The order for twenty E2s from lessor Azorra is welcome news for Embraer in multiple ways. Not only is it the first order since Porter Airlines signed up for thirty E195-E2s last July, but it also increases the exposure of the type with lessors. Almost half of all...
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