Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with auditors “about what financial provisions should …
Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players warned on Tuesday, blaming what executives have described as a default involving hundreds of Western jets. Global leasing …
All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited success in recovering their aircraft, the representative body for the sector in Ireland said. Aircraft Leasing Ireland (ALI), members of …
As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their aircraft back. Most of the …
