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Pretty sure this is also not good news for the leasing companies and the airplane manufacturers (aside from many of them making it up on increased defense spend
by adolph 5y ago
Pretty sure this is also not good news for the leasing companies and the airplane manufacturers (aside from many of them making it up on increased defense spending).
The European country most exposed to this risk is certainly Ireland. According to the Irish Times newspaper, the leasing company Aercap owns 149 aircraft operated in Russia and SMBC Aviation Capital has 34 jets leased to Russian operators. [0]
AerCap is the world's largest aircraft leasing company after acquiring International Lease Finance Corporation in 2014. As of June 2020, AerCap had 1,035 owned, managed aircraft in its portfolio. [1]
That's 14% of their business that got nuked.
0. https://airlinegeeks.com/2022/03/02/lessors-look-to-repatriate-aircraft-from-russia/ https://airlinegeeks.com/2022/03/02/lessors-look-to-repatria...
1. https://en.wikipedia.org/wiki/AerCap https://en.wikipedia.org/wiki/AerCap