AerCap Holdings N.V. (NYSE: AER), the world’s largest aircraft leasing company, reported a $2 billion first-quarter net loss on Tuesday.
The Dublin, Ireland-based company attributed much of that loss to the aircraft and equipment it lost as a result of the Russia-Ukraine conflict. In a statement, the company explained that approximately 5 percent of its fleet by book value—135 aircraft and 14 engines—were leased to Russian airlines when governments imposed sanctions on Russia.
