#aercap planes

WORLD’S LARGEST AIRCRAFT OWNER LOST 113 PLANES TO RUSSIA DUE TO SANCTIONS

AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine.The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion pre-tax charge during the quarter, causing the company to report a net loss of $2 billion rather than the…