Mitsubishi Heavy Industries (MHI) has fully impaired costs and assets related to the SpaceJet regional jet program, making it ever more unlikely that the project will ever re-start again. The impairment of ¥80.599 billion ($573 million) is mentioned in MHI’s financial...
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 $1.6 billion impairment on Russian fleet. SMBC...
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...
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,...
Air Lease Corporation (ALC) Executive Chairman Steven Udvar-Hazy is hoping that his company one day will be able to restore the good relationship it has had with private Russian airlines. Following the war in Ukraine and sanctions on Russia, ALC has terminated all...
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