Since the outbreak of the Russia–Ukraine war in 2022, Chinese aircraft leasing companies have incurred billions of dollars in losses as more than 70 jets leased to Russian airlines remain stranded inside Russia, according to Chinese state media.
A wave of legal developments was set off by a landmark UK High Court ruling in June that favored aircraft lessors. These incidents have reignited concerns about the long-term impact on Chinese lessors and their ability to recoup value from aircraft still trapped in Russia.
Avmax Group Inc., a Chinese-controlled Canadian lessor, secured a $29 million settlement from Liberty-led insurers, its parent company Shanhe Intelligent Equipment Group announced on Aug. 11. After fees, the net amount received was $22.97 million—equivalent to 172.92 percent of Shanhe’s net profit in the previous fiscal year….
Chinese Leasing Companies Face Heavy Losses After Planes Detained in Russia
