Tag impairement

Aerospace, Lessors

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…

Richard Schuurman
July 8, 2022

Aerospace, Air Lease Corp

ALC writes off 802 million on fleet in Russia

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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…

Richard Schuurman
April 23, 2022