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