Ukraine War Weighs on Otherwise Strong Q1 for AerCap | Aviation International News

Ukraine War Weighs on Otherwise Strong Q1 for AerCap

AerCap registers a $2 billion loss during the first quarter due to write-offs of aircraft and engines in Russia.

By Gregory Polek • Senior Editor

May 17, 2022

The conflict in Ukraine resulted in a $2 billion loss for AerCap in the first quarter of this year, even as the world’s largest aircraft lessor benefitted from a strong rebound in traffic resulting from the lifting of Covid travel restrictions. AerCap registered a pre-tax charge of $2.7 billion due to related aircraft and engine write-offs and impairment during the quarter after the lessor recognized a total loss of all its remaining equipment in Russia.

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