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AerCap is encouraged by the uptick in air travel in China in recent weeks but is less positive about how Airbus, Boeing, and Embraer continue to underperform on aircraft deliveries. CEO Aengus Kelly shared this twisted outlook for 2023 in…
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…
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…
Boeing announced a $4.9 billion charge in the second quarter for the MAX groundings, with that charge focusing on payments to customers assuming a 4th quarter 2019 return to service. That charge is in addition to the $2.2 billion in…