Recently, shocking news rocked the global aircraft leasing industry. Since the outbreak of the Russia-Ukraine conflict, at least 70 aircraft leased by Chinese companies have been forcibly seized by Russia under the guise of “counter-sanctions.” Many Chinese firms have suffered losses amounting to billions of yuan.
For example, Sunward, a state-owned enterprise in Guangzhou, had three planes leased to Russia that could not be reclaimed for years. However, they eventually received compensation from the insurance company.
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