Aircraft lessor Dubai Aerospace Enterprises (DAE) has written off $576.5 million of planes leased to Russian air carriers. The leasing company previously leased 22 aircraft to Russian-based airlines. Following the Russian invasion of Ukraine, the company followed the example of other aviation companies and cut ties with its associates in Russia. The write-off was announced when the company released financial reports for the first nine months of 2022 on November 3rd.
Read More Here: Dubai Aerospace Enterprises Writes Off $576.5 Million Of Planes Leased To Russia | SimpleFlying.com
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