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Russian write-off pushes lessor DAE into a loss

Russian write-off pushes lessor DAE into a loss

by Richard Schuurman | Feb 8, 2023 | Aerospace, DAE | 0 comments

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 into an adjusted loss...
BOC Aviation ends HY1 with $804 million write-off on Russia

BOC Aviation ends HY1 with $804 million write-off on Russia

by Richard Schuurman | Aug 18, 2022 | Aerospace | 0 comments

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 $-313 million. BOC Aviation ends HY1 with $804...
AerCap concerned about new-engine reliability

AerCap concerned about new-engine reliability

by Richard Schuurman | Aug 11, 2022 | AerCap, Aerospace | 0 comments

The world’s biggest lessor, AerCap, is concerned about the reliability of the latest generation of engines. Powerplants need to be removed from the wing for maintenance, repair, and overhaul much sooner than expected. In the current environment of supply chain...
DAE takes write-off on Russian fleet too

DAE takes write-off on Russian fleet too

by Richard Schuurman | May 9, 2022 | Aerospace, DAE | 0 comments

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,...

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