Avolon Records $304M Impairment On Leased Aircraft Seized By Russia

Pobeda
Credit: Russian Look Ltd. / Alamy Stock Photo
Dublin-based lessor Avolon said it had recognized an impairment of $304 million against its exposure to the Russian market during the 2022 first quarter (Q1), reducing the carrying value of its 10 owned aircraft in the country to zero. Avolon said May 3 that the impairment was partially offset by...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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