Home Insurance Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia

Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia

16
0

The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state permission.

Dubai Aerospace Enterprise booked a $538 million write-off for planes with airlines in Russia, it said in a statement on Friday. The company also filed insurance claims of $1 billion and said this figure may rise.

Previous articleGhana: 600 Entities to Go on GHANEPS By 2023
Next articleConfidence in US economy is dropping, polling shows

LEAVE A REPLY

Please enter your comment!
Please enter your name here