Monday, May 23, 2022
HomeDigit NewsAir Lease Corporation to retire 27 aircraft in Russia worth over $800...

Air Lease Corporation to retire 27 aircraft in Russia worth over $800 million

According to Gazeta.ru, citing a Reuters publication, the American leasing company Air Lease Corporation has decided to write off 27 aircraft in Russia worth about 802 million rubles. After the imposition of sanctions, these aircraft remained in Russia, and the company does not think that it will ever be able to return them.

“It is unlikely that the company will return aircraft that were not returned [ранее] and who remain in Russia”, Air Lease Corporation said. The company owns 21 aircraft in Russia, and another six aircraft are part of the fleet managed by Air Lease Corporation.

Reuters estimates that there are more than 400 aircraft owned by leasing companies in Russia, with a total value of about $10 billion.

MOBILE
- Advertisment -

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News