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AerCap takes $2.4 billion net charge on aircraft in Russia and Ukraine

AerCap takes $2.4 billion net charge on aircraft in Russia and Ukraine

by Richard Schuurman | May 17, 2022 | AerCap, Aerospace | 0 comments

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 takes $2.4 billion net charge on...
Air New Zealand to raise 2.2 billion to bolster financial position

Air New Zealand to raise 2.2 billion to bolster financial position

by Richard Schuurman | Mar 30, 2022 | Airlines | 0 comments

Air New Zealand has disclosed details of its planned recapitalization, which should help it recover from the effects of the two-year Covid-crisis that hit the airline deeply. With the new NZ$2.2 billion package, Air New Zealand wants to repay an existing government...
Air Canada ends “extremely challenging” year with a 3.6 billion loss

Air Canada ends “extremely challenging” year with a 3.6 billion loss

by Richard Schuurman | Feb 18, 2022 | Airlines | 0 comments

Robust advanced tickets sales and the return to a small positive EBITDA for the first time in seven quarters give Air Canada reason for optimism that it is heading in the right direction for recovery. The airline said the same in November but Omicron delayed this. On...
Airbus A220 benefits from $1.2 billion investment

Airbus A220 benefits from $1.2 billion investment

by Richard Schuurman | Feb 5, 2022 | Airbus | 0 comments

Airbus and Investissement Quebec (IQ) will invest a combined $1.2 billion in the A220 program, they have announced on February 4. This confirms earlier reports about a capital increase, which will be used to accelerate production of the smallest member of the Airbus...
Boeing takes $3.5 billion 787 charge and offers 777X Freighter

Boeing takes $3.5 billion 787 charge and offers 777X Freighter

by Richard Schuurman | Jan 26, 2022 | Boeing | 0 comments

UPDATE – Boeing has taken a pre-tax non-cash charge of $3.460 billion on the 787 program as deliveries remain suspended over quality issues. Abnormal costs for the Dreamliner increased by $285 million in Q4 and total approximately $2.0 billion, with most being...
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