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Following the sanctions imposed on Russia due To the war in UkraineAircap Holdings, the world’s largest aeronautical owner, lost 113 aircraft to the country, which seized them.
Multimedia reporting in Andrivka. Radiograph of a village under Russian occupation for 30 days
This is because the sanctions of many countries require international leasing companies to leave Russia by the end of March. At least 79 aircraft were recovered, although the rest are being nationalized.
11 more engines are exhausted, Aircap Holdings was able to recover 22 jets and three engines before they fell into the hands of Moscow and has already filed for insurance in an attempt to recover the hijacked aircraft – Only a few of these claims have been filed with Russian insurance companies.
A total of 1,624 aircraft – more than any other company in the industry – lost to Russia accounted for less than 5% of the Aircap Navy’s net worth, which grew from the acquisition of GECAS, a rival leasing company from General during the epidemic. Electric (GE)
The Irish-based airline had to recognize an extraordinary loss of $ 2.7 billion (approximately 6 2.6 billion). Loss of two billion dollars (approximately 1.9 billion euros) It could make a profit of $ 500 million (approximately 476 million euros). However, as the controls to combat Govt-19 are easy, the company’s executives have good expectations for the future.
In all of our business segments, we see an increase in demand, greater use of our assets and improved financial health for our customers. Protected In a statement to analysts, CEO Angus Kelly quoted CNN as saying.
Coincidentally, the stock rose 6% in the afternoon after the announcement of the report.
Richard Aboulafia, managing director of AeroDynamic Advisory, stressed that Aircap could deal with this financial loss, which seems certain to CNN. Even if sanctions are lifted after the war Flights are no longer certified in the eyes of Western aviation regulatorsHe explained.
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