Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine.…
Singapore-based lessor BOC Aviation has secured long-term delivery slots with Airbus by ordering A320neo family aircraft that will be delivered between 2027 and 2029. With the A320neo family sold out until 2027, BOC has at least safeguarded delivery positions for its…
UPDATE – AerCap, the world’s largest leasing company, expects to recognize an impairment on its assets leased to Russian airlines that have not been returned following the sanctions on Russia. The exact amount hasn’t been determined, but the impairment will…
UPDATE – Lessor BOC Aviation said that eighteen aircraft with a book value of $935 million may be affected by the sanctions on Russia. It is too early to say if this means that it won’t be able to repossess these…
We spent a good half hour speaking with ACIA Aero Leasing’s CEO Mick Mooney and SVP Commercial Sameer Adam. It is an auspicious time to chat with an aircraft lessor as the industry faces the huge task of recovering leased…
Lessor Avolon thinks that the airline industry has reached an inflection point and is now in the re-build phase to sustained profitability. The company returned to profitability in 2021, reporting a $47 million net profit on February 8. Avolon thinks the…