AerCap to cease all leasing activity to Russia, books $2.7 billion charge

(Reuters) – AerCap Holdings NV, the world’s top aircraft lessor, said on Tuesday it would cease all its leasing activities to Russian airlines and disclosed a charge primarily related to its aircraft and engines that remain in Russia.

During the first quarter of 2022, AerCap said it recognized a pretax charge of $2.7 billion, comprising flight equipment write-offs and impairments.