Lessor SMBC recognises $1.6bn impairment on aircraft stranded in Russia - Reinsurance News
Leading aircraft leasing firm, SMBC Aviation Capital, has said it is "unlikely" that it will be able to recover 34 owned aircraft stranded in Russia
www.reinsurancene.ws
Lessor SMBC takes $1.6 billion hit on 34 jets stuck in Russia
Major aircraft lessor SMBC Aviation Capital on Friday recorded an impairment of $1.6 billion to cover the full financial impact of having 34 jets stuck in Russia after European Union sanctions forced the termination of all Russian leases.
www.reuters.com
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