Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...
Qatar Airways Suffers UK Court Setback in Feud With Airbus April 27, 2022 By Tim Hepher LONDON – A British judge on Tuesday denied a bid by Qatar Airways to reinstate a jet contract canceled by...
Air Lease to Write Off Value of 27 Jets Stranded in Russia April 25, 2022 Air Lease Corp. said on Friday it would write off the value of the 27 jets it has remaining in...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia April 15, 2022 By Siddharth Philip and Alberto Nardelli An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held...
Air Lease Says 21 Jets Stranded in Sanctions-Hit Russia April 13, 2022 Air Lease Corp. said on Tuesday it has 21 jets remaining in sanctions-hit Russia, two weeks after a Western deadline...
DHL Operated Boeing Jet Breaks in Two After Skidding Off Runway April 11, 2022 By Angus Whitley and William Wilkes A Boeing Co. 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria...
Qatar Airways Says It Wasn’t Obliged to Accept Deliveries of Flawed Jets From Airbus April 8, 2022 By Charlotte Ryan Qatar Airways said it wasn’t obliged to accept deliveries of Airbus SE A350 jetliners until an issue with surface paint...
Aircraft Lessors Seeing ‘Horrendous’ Hikes in Insurance Premiums: BOC Aviation April 7, 2022 By Padraic Halpin The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes...
Airbus, Qatar Airways’ Dispute Over Billions of Dollars of Jets Enters UK Court April 7, 2022 By Tim Hepher Airbus and Qatar Airways are set to face each other in court as a dispute over billions of dollars of...