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Ukraine war

Jet leasing companies race to pull planes from sanction-hit Russia

Questions swirl over how Asian plane suppliers can recover aircraft, unpaid bills

A handful of Asian aircraft leasing companies rent jets to Aeroflot and other Russian carriers. European Union sanctions require leasing operators to terminate their rental contracts in Russia over its invasion of Ukraine.    © AP

HONG KONG -- Asia-based aircraft leasing companies are scrambling to cut ties with Russian airlines under new sanctions triggered by the invasion of Ukraine, in another blow for a sector reeling from the COVID-19 pandemic.

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