Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
The Turkey-based aviation services group is expanding its Gozen Digital Aviation software division, by acquiring the Operators/OpsMan tools from Jeppesen.
The firm says current buy-sell dynamics make for the best market it has ever been involved in.
AerCap registers a $2 billion loss during the first quarter due to write-offs of aircraft and engines in Russia.
Argus International introduced a new FBO audit service at EBACE and reported strong post-Covid European charter numbers.
Leasing company Residco is making a move into the light aircraft leasing business and plans to serve flight schools and university flight programs.
IATA says the fall-out from Russia's invasion of Ukraine has been relatively limited, with the exception of rising fuel prices and risks to leasing assets.
Helicopter lessor LCI now has 38 aircraft in a joint venture with Sumitomo Mitsui Finance and Leasing Company.
MD Helicopters receiving $60 million in debtor financing, will continue operating, while assets sold.
Almost 5 percent of AerCap’s fleet remains in Russian hands.
The hard aviation insurance market could become harder if Russia confiscates the more than 500 airplanes in the country owned by non-Russian lessors.