Originally Posted by
oliver2002
If you read the annual reports you will find that LH had to take write offs on 744 and 343s because they had no resale value and the residual book value was higher.
Thanks. That was an interesting read. In 2012 LH took an extraordinary charge of charge of 102 million € for write-downs of retired aircraft and another 27 million for impaired aircraft and repair parts (see note 9 on page 150 in the German-lauguage edition of the 2012 LH Annual Report).
Even more interesting to me in the same note, though it was not really material, was that LH took a 2 million € write down on the "Lauda" brand name that isn't used anymore...funny the things one finds lying around still on the books sometimes...
