Backlash over Minsk incident takes Belarus airline to the brink [Reuters]
Air Lease Corporation Class A (AL)
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Source: Reuters
The international response to the grounding of a Ryanair jet in Belarus and arrest of a dissident on the flight has delivered a heavy blow to state-run airline Belavia and its expansion plans. Only last month Belavia took delivery of a new Boeing 737 MAX as part of its strategy to offer more transit flights via Belarusian capital Minsk. read more Since the forced landing of Sunday's flight in Minsk, most of Belarus's neighbours and many other European nations have banned its flights. The EU has proposed closing its airspace to Belavia and stopping it from landing at EU airports. read more A Belavia plane bound for Barcelona on Thursday was unable to fly out of Belarus because France had banned Belarusian flights over its territory. Belavia is the only airline in the ex-Soviet economy of 9.5 million people. It was emerging bruised but ambitious from a COVID-19 pandemic that cut its passenger traffic last year to 1.7 million people, down more than 58% from 2019. This month it reported
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AL
Earnings
- 2/15/24 - Beat
AL
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- 4/4/24 - Form DEFA14A
- AL's page on the SEC website