The acquisition of the aircraft portfolio of SKY Fund I and the effects of the war in Ukraine dominated 2022 for aircraft lessor Dubai Aerospace Enterprise (DAE). While it grew its portfolio, a write-off on nineteen aircraft in Russia pushed DAE…
Lessor BOC Aviation has taken an $804 million write-off in its HY1 results on seventeen of its aircraft that are still in Russia. Because of the one-off impact, BOC ended the first six months with a net loss after tax of…
Subscriber content – Sign in Subscribe
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…