ALC to write off value of 27 aircraft remaining in Russia
Air Lease Corporation (ALC) said it would write off the value of 27 aircraft that are still remaining…
Russia, encompassing a significant portion of both Europe and Asia, maintains a substantial presence in the aviation industry. It boasts a large domestic market and a history of aircraft manufacturing, exemplified by companies like Tupolev, Ilyushin, and Sukhoi. The nation plays a crucial role in global aerospace manufacturing, particularly in the realm of military aircraft and helicopters. Russia used to serve as a vital link between Europe and Asia, accommodating numerous international air routes. Aviation industry heavily affected after war in Ukraine.