World's largest aircraft owner lost 113 planes to Russia due to sanctions

Summary by Ground News

AerCap Holdings, the world's largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine. The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion pre-tax charge during the quarter. But company executives said the quarter was actually a good one and they see better times ahead as global demand for flying continues to recover.

2 months ago·Moscow, Russian Federation

News Articles

More Filters

All

Left

Center

Right

CNN

World's largest aircraft owner lost 113 planes to Russia due to sanctions

AerCap Holdings, the aircraft leasing giant that is the world's largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine.

2 months ago·Atlanta, United States

Read Full Article

KVIA

World's largest aircraft owner lost 113 planes to Russia due to sanctions

By Chris Isidore, CNN BusinessAerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine.The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion pre-tax charge during the quarter, causing the company to report a net loss of $2 billion rather than the $500 million profit it …

2 months ago

Read Full Article