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 takes $2.4 billion net charge on...
Just when you thought Boeing was finally going to make sense and move headquarters closer to their operations, they did the opposite and announced a move from Chicago to Washington DC. This is even farther away from Seattle, which has been the nexus of its operations...
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,...
Dassault Falcon 8X Takes on Star Wars Canyon. Every now and then, an OEM will do something extreme with an aircraft to demonstrate its unique capabilities. Dassault, who also manufactures military aircraft, is quite familiar with high-performance demonstrations. This...
UPDATE – Boeing has taken a pre-tax non-cash charge of $3.460 billion on the 787 program as deliveries remain suspended over quality issues. Abnormal costs for the Dreamliner increased by $285 million in Q4 and total approximately $2.0 billion, with most being...
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