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Ukraine war

Asian lessors take losses on failure to recover jets from Russia

Avolon and Aircastle record $550m in asset write-offs for stranded planes

Russia has adopted measures allowing Aeroflot and other domestic airlines to retain aircraft leased from foreign companies.    © Reuters

HONG KONG -- Asian jet leasing companies have had little luck recovering planes they had provided to Russian airlines before the Ukraine war, forcing them to begin writing off the value of stranded aircraft.

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