Originally Posted by
cadetdrivr
^^^^
Here's the text from the
financial statement:
"Other: For the three and twelve months ended December 31, 2018, the company also recorded $26 million ($20 million net of taxes) and $66 million ($51 million net of taxes), respectively, of fair value adjustments related to aircraft purchased off lease, write-off of unexercised aircraft purchase options and other impairments related to certain fleet types and international slots no longer in use."
"Termination of a maintenance service agreement: In the fourth quarter of 2018, the company recorded a one-time termination charge of $64 million ($50 million net of tax) related to one of its engine maintenance service agreements."
From a very reliable source, myself and many others were told these charges were unrelated to the A350 program. However, the same source said the 350 instructors are not hanging around in Toulouse as much as they used to.
FWIW