Aerocentury corp. reports asset impairments for the third quarter ended september 30, 2019

Aerocentury corp. reported asset impairments for the third quarter ended september 30, 2019. during the third quarter of 2019, the company recognized asset impairments of $23.4 million, based on appraised values or expected sales proceeds, compared to the second quarter of 2019, when the company recognized a $160,000 asset impairment based on third-party appraisals. during the quarter ended september 30, 2018, the company recorded an impairment loss totaling $2.7 million on four of its aircraft held for sale, based on appraised values.
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