Russia Ukraine war, page-7220

Lessors face legal quagmire as Russian plane repos stall


© Reuters/Maxim Shemetov FILE PHOTO: FILE PHOTO: An Aeroflot Boeing 777-300ER aircraft is reflected in a puddle at Sheremetyevo International Airport outside Moscow



PARIS/SHANGHAI/LONDON (Reuters) - Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that could last a decade.

Western bans imposed after Russia's invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines - sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft.


https://www.msn.com/en-au/money/companies/lessors-face-legal-quagmire-as-russian-plane-repos-stall/ar-AAUQf6L?ocid