Was this really a “win”? After all, as an advisor to Frontier told us, “Either way, we win. We’re not going to chase JetBlue.” JetBlue beats off Frontier and wins Spirit. What are the implications? Airlines merge because of one key...
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. Last week, Air...
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 in Russia. The write-off is for 21 owned...
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