Fleet fuel burn update
Fleet fuel burn update
Tag Fleet
SMBC takes $1.6 billion impairment on Russian fleet
Lessor SMBC Aviation Capital has taken an $1.6 billion impairment on 34 of its aircraft that are still in Russia, it reported on July 8. This makes SMBC’s loss on Russia one of the largest of all lessors. SMBC takes…
Connect Airlines eyes fleet of up to 100 hydrogen-powered ATR 72s
UPDATE – US start-up Connect Airlines has bold plans for its regional operations with hydrogen-based aircraft. The carrier has announced a firm order with Universal Hydrogen for 75 converted ATR 72-600s plus 25 options. Connect expects to take delivery of the…
China Eastern issues new shares for fleet purchases
The Board of Directors of China Eastern Airlines has approved the non-public issuance of shares to raise RMB 15 billion, of which two-thirds will be used to finance the purchase of 38 new aircraft. The issuance of no more than 5.6…
Uganda Airlines weighs fleet options as CRJ limitations set in
It is months away before a formal request for proposals is issued but manufacturers are already angling for looming opportunities at flag carrier Uganda Airlines . The airline is feeling an acute gap in its fleet that it wants to…
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…