SMBC books $1.6bn loss for planes stranded in Russia
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SMBC books $1.6bn loss for planes stranded in Russia

Aisling Finn
08 July 2022
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Aircraft lessor SMBC Aviation Capital has announced a write-off of the full value of 34 planes stranded in Russia, worth $1.6bn, according to its full-year financial report published today.

The lessor noted that the planes were no longer operating under SMBC’s control, despite the termination of the aircraft’s leases.

SMBC

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News Aerospace Claims and losses
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