Irish lessors end aircraft leases with Russian airlines
Industry body Aircraft Leasing Ireland (ALI) has said that all of its members have fully complied with EU sanctions requiring them to terminate lease arrangements with Russian based airlines.
The organisation said the unprecedented events in Russia meant the last number of weeks had been challenging for aircraft leasing companies as they try to recover aircraft "with limited success to date."
"ALI will work very closely with its members over the coming weeks and will continue to liaise with relevant authorities on their behalf," it said in a statement.
Members of the body include AerCap, which has around 150 aircraft worth €2.1bn caught up in the Russia-Ukraine crisis, as well as SMBC Aviation Capital and Avolon which are also impacted.
https://www.rte.ie/news/business/2022/0328/1288835-aircraft-lessors/
