Tag writes

Aerospace, Lessors

Aircastle also writes off on Russian and Ukrainian fleet

Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine.…

Richard Schuurman
April 29, 2022

Aerospace, Air Lease Corp

ALC writes off 802 million on fleet in Russia

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Air Lease Corporation (ALC) will take an $802.4 million write-off on its aircraft remaining in Russia and which are unlikely to be repossessed, the lessor said in an SEC filing on April 22. ALC writes off 802 million on fleet…

Richard Schuurman
April 23, 2022