While demand for air travel will remain solid, lower than expected economic growth in the next decade will affect new aircraft deliveries until 2041. In its latest Commercial Market Outlook (CMO) that was released today, Boeing forecasts 41.170 deliveries of…
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…
Russia plans to manufacture unauthorized and unapproved spare parts for Airbus and Boeing aircraft, as their supply lines have been cut by economic sanctions. This could further deteriorate the value of leased western aircraft operating in Russia, as the use…
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…
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, DAE…
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