Lessor Avolon writes off $304mn of aircraft stranded in Russia
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Lessor Avolon writes off $304mn of aircraft stranded in Russia

plane-taxiing.jpeg

Aircraft lessor Avolon has announced it is writing off the full value of 10 planes, worth $304mn, still stranded in Russia.

The planes represent less than 1% of Avolon’s portfolio value net of security values and maintenance surveys.

Prior to the outbreak of conflict, Avolon had four planes on lease to Russian airlines, three of which were outside Russia for maintenance...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article