The American Air Lease will write off dozens of aircraft that remained in the Russian Federation

24 April 2022, 13:02 | Economy
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The American leasing company Air Lease Corporation wants to write off the cost of 27 aircraft remaining in Russia after the imposition of sanctions. We are talking about an amount of about 802 million dollars. Reuters writes about this with reference to a company statement..



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The write-off, which includes 21 company-owned and six aircraft in Air Lease's managed fleet, will be reflected in the first quarter earnings report scheduled for May 5.

Air Lease said it does not expect the write-off to result in significant future cash costs and is considering insurance claims for aircraft-related damage..

Now international lessors are seeking the return of more than 400 aircraft worth almost $10 billion from Russia..

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Earlier it was reported that Ukraine, by a court decision, arrested 12 aircraft of the Russian airline Volga-Dnepr..




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