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Aircastle also writes off on Russian and Ukrainian fleet

Aircastle also writes off on Russian and Ukrainian fleet

by Richard Schuurman | Apr 29, 2022 | Aerospace, Lessors | 0 comments

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...
ALC writes off 802 million on fleet in Russia

ALC writes off 802 million on fleet in Russia

by Richard Schuurman | Apr 23, 2022 | Aerospace, Air Lease Corp | 0 comments

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...
US adds seven Belarus aircraft to sanctions list

US adds seven Belarus aircraft to sanctions list

by Richard Schuurman | Apr 15, 2022 | Airlines | 0 comments

The US Department of Transportation (DoT) has added seven aircraft of Belarus airline Belavia to its list for the apparent violation of US export rules. The Department said on April 14 that its Bureau of Industry and Security (BIS) identified the seven Boeing 737s for...
Russian worries grow Boeing’s ASC 606 uncertainties

Russian worries grow Boeing’s ASC 606 uncertainties

by Richard Schuurman | Apr 13, 2022 | Boeing | 0 comments

“It is way, way too early to determine the effect of the situation in Russia”, Boeing’s Ihssane Mounir, Senior Vice President for Commercial Sales and Marketing, told AirInsight two weeks ago. He might be right, but Boeing’s accounting office has taken a different...
Airbus continues to source Russian titanium via subsidiaries

Airbus continues to source Russian titanium via subsidiaries

by Richard Schuurman | Apr 12, 2022 | Airlines | 0 comments

UPDATE –  Airbus confirms that it is still sourcing some of its titanium from Russian supplier VSMPO. This is despite the international sanctions that have been imposed on Russia after it invaded Ukraine on February 24. The European airframer states that it is...
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