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Leasing: planes blocked in Russia hit financial accounts

Big company suffers billion-dollar devaluation, but It bets on insurance premiums

One of the world's leading aircraft leasing companies, multinational Smbc Aviation Capital, today recorded a 1.6 billion dollars devaluation due to the block of 34 aircraft in Russia. This is the effect of economic sanctions imposed by Western countries against Moscow because of the war in Ukraine. The company, however, is certain to recoup some of the losses through insurance premiums and with the...

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AVIONEWS - World Aeronautical Press Agency