Companies
Leasing giant Avolon books $244m in once-off charges over Russian-seized aircraft
Dublin-based lessor reports full year profits of $9 million after impairment charges related to seizure of 10 aircraft by Russian state in February last year
The final cost of Russia’s decision to keep a fleet of aircraft owned by Irish aircraft lessor Avolon came to $244 million (€227 million), according to full year results filed by the company on Thursday.
The Dublin-based aircraft leasing giant reported full year profits of $9 million, which was down more than 80 per cent on the previous year due to once-off impairment charges related to the seizure of the 10 aircraft by the Russian ...