HONG KONG -- China's state-owned BOC Aviation is expecting to slip into a net loss of at least $310 million for the first six months of the year, affected by a substantial write down in its Russia business.
Finance
China's BOC Aviation warns of net loss as planes stranded in Russia
State-owned lessor writes down over $800m as recovery of aircraft 'unlikely'
Aircraft lessor BOC Aviation is writing off 17 airplanes leased to Russian carriers due to the "unlikely" chance of recovering them anytime soon. © Reuters
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