The contract jurisdiction is going to be interesting, it's been commented that the UK is the contractually agreed jurisdiction for some or all of these leases, so the reach that the jurisdiction has to the sovereign funds of the Russians as they are facilitating the breaches would make for some good viewing time from the bleachers. There is capital asset value in the region of 25-45 B USD, and that could optimistic. In the big scheme of things, the aviation lessor losses don't compare with the damage that Russia has caused to Ukraine, and to all of the rest of the world as well. Single handedly Putin has exacerbated the risk of impending famine for a considerable part of the world, and set up the conditions for a deep recession or global depression, the latter having quite a track record to leading to other conflicts as well. The argument that the west actally is causing the economic and energy crisis is vacuous; Mrs Putins little son Vlad decided all by his own self to invade a sovereign state and to conduct a criminal undeclared war of aggression, the response to that by the west being forseeaable even though it was extremely unlikely, but it still came about due to the decision of Putin, and the facilitation by big Al Grigoryevich Lukashenko, the lapdog in Belarus, continuing to deepen damage through the self interest of a number of countries that will unfortunately for them are most likely to be voted most likely to most likely get swamped by the economic, famine and energy supply waves starting to build up not he not so far horizon. Most likely. Maybe. At least China is sound. Ooops Evergrande is at least good news for former Enron managers who are free from behind bars, they need the same creativity, as do nearly half of Chinese property developers. Big surprise there.... In 1996, while half of the worlds high rise construction cranes were within 25km of Pudong, the existing occupancy rate for the completed structures was around 3%.... and the buildings keep on coming. In 2020, Forest City in Johor had around 100B in construction happening, funded primarily by... PRC, and the city's buildings that had been completed had occupancy around the barely registerable range... the accounting system that makes that viable seems to defy gravity. The PRC govt's evidence concern with their own economy resulted in forex limitations on the fine people of China, limiting annual payments while many of their population who the developments were targeted to had made deposits by credit card, Alipay etc, and now have a bit of an issue paying for the properties to Country Garden Holdings, Greenland Holdings Corp Ltd, etc. China alone was going to make 2022 interesting, and then along came Mrs Putins little boy Vlad. Pity.