Lessor SMBC Takes $1.6B Hit On Stranded Russian Aircraft
Credit: Airbus
Dublin-headquartered aircraft lessor SMBC Aviation Capital has taken a $1.6 billion impairment, writing off the full value of 34 aircraft stranded in Russia, pushing it to a $1.1 billion full-year loss. “It is unlikely that SMBC Aviation Capital will be able to recover the 34 owned aircraft within a...
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