AerCap, Avolon Defer, Cancel Aircraft As COVID-19 Batters Lessors

July 30, 2020
MAX
AerCap and Avolon are canceling future orders with the 737 MAX bearing the brunt.
Credit: AerCap
Irish lessors AerCap and Avolon have both released second quarter (Q2) 2020 financial results that reveal the initial impact of the COVID-19 crisis on their balance sheets. Dublin-headquartered AerCap reported net income for the quarter of $246 million—compared to $331 million a year prior—pushed...

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