Lessor DAE Accepts Loss Of Russian-Held Assets

DAE 737 MAX 8
Credit: Boeing
Dubai Aerospace Enterprise (DAE) has written off more than $500 million of assets in the form of aircraft leased to Russian carriers, the company said May 6. Reporting on DAE’s 2022 first-quarter (Q1) financial results, CEO Firoz Tarapore said that while the company’s underlying business was “firing...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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