Lessor NAC took $227 million in impairments in 2022—largely related to stranded Russian aircraft—while the impact on BOC Aviation stood at over $500 million.
The LOI extends the carriers' sales partnership by a further three years, with the aim of further expanding cooperation and optimizing joint customer care.
Without the support of lessors during the pandemic, many airlines would not be around anymore. But as the industry rebounds, lessors hope for better returns.
Sweden's West Atlantic Cargo Airlines has retired its last British Aerospace ATP-Fs, which were the final examples of the twin turboprop in commercial service.
