Foreign Aircraft Owners Risk Billions of Losses in Russia
- Hundreds of Airbus, Boeing planes risk being nationalized
- Analyst: If Russia hangs on to jets, what can lessors do?
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Foreign aircraft lessors are facing the increasing possibility of writeoffs that could total in the billions of dollars as Russia considers ways to defy worldwide sanctions and keep carriers such as Aeroflot flying.
Russia’s Transportation Ministry is weighing options including buying or even nationalizing hundreds of Airbus SE and Boeing Co. planes that lessors have demanded be returned under European Union economic sanctions, the Russian news agency RBC reported.