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…
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 one has the…
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…
Subscriber content – Sign in Subscribe
The future of electric powered aircraft took a major step this week. On Tuesday December 10, Harbour Air CEO and Founder Greg McDougall took a modified de Havilland Beaver floatplane off the Frasier River next to Vancouver International Airport on…
Boeing has taken a $4.9 billion pre-tax charge to cover costs resulting from the MAX grounding, compensation and production delays. That’s for Q2, so the charge might increase for the year. The airframer announced the charge on July 18, six…