AerCap writes off $2.7 billion for jets and engines stuck in Russia
Leasing company AerCap has written off $2.7 billion of assets linked to the Ukraine conflict, mainly comprising aircraft…
Russia, encompassing a significant portion of both Europe and Asia, maintains a substantial presence in the aviation industry. It boasts a large domestic market and a history of aircraft manufacturing, exemplified by companies like Tupolev, Ilyushin, and Sukhoi. The nation plays a crucial role in global aerospace manufacturing, particularly in the realm of military aircraft and helicopters. Russia used to serve as a vital link between Europe and Asia, accommodating numerous international air routes. Aviation industry heavily affected after war in Ukraine.