November 12th 2020: Q3 results from a number of leading platforms reveal the extent which Covid-19 is feeding through into the aircraft leasing sector and more widely. AerCap, for example, took an impairment charge of just under $1 billion and reported a net loss of $850 million. EY's Niamh Tobin examines from an accounting perspective the impact of the important issue of impairment, which is a theme as we look to build the new foundations of a recovering sector in 2021. In an interview in this issue the chairman of ALI, Declan Kelly, speaks about this. Aviation consultancy IBA has produced an interesting chart showing that the number of airline failures is tailing off, and that is a hopeful sign of what is to come.