Russian Insurance Settlement Helps Avolon To Fiscal Year Profit Rise

aircraft
Credit: Boeing
Aircraft lessor Avolon said its full-year net profit rose 79% to $608 million, helped by a $177 million settlement from insurance claims involving aircraft previously leased to Russian airlines, as its CEO noted Boeing production problems were easing. Excluding the Russia settlement, the Dublin...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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