Dublin-based Japanese lessor SMBC Aviation Capital expects to close the acquisition of Goshawk Aviation in the coming weeks. SMBC announced the acquisition in May and said then it would be closed in the second half of the year. SMBC will pay $6.7 billion for Goshawk...
GE Aviation’s revenue rose 12.2% YOY, its best since the final quarter of 2018. “Aerospace was a key driver of our performance this quarter as the industry recovery builds momentum,” Chief Executive Officer Larry Culp said. Here’s our view on the GE...
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...
Another interesting consolidation is happening in the leasing world: SMBC Aviation Capital is acquiring Goshawk Aviation. Japanese-owned SMBC is paying $6.7 billion for its former competitor from Hong Kong and will become the second-largest lessor in the world, behind...
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 be...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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