Aircastle CEO Mike Inglese commented (04-Feb-2019) on the judicial decision to extend guardianship of aircraft with Avianca Brazil and the wider implication to the aviation industry in Brazil, stating: "We believe the judge's decision will negatively impact Brazil's civil airline industry with higher costs and less funding". Mr Inglese added that Aircastle not only provides aircraft leasing to Avianca Brazil but also financing to other major airlines in the country and Aircastle has almost USD1 billion in commitments to purchase Embraer E2s. [more - original PR]
Aircastle: 'Judge's decision will negatively impact Brazil's civil airline industry'
4 February, 2019