Originally Posted by
DaveReidUK
Many lessors have effectively written off their aircraft trapped in Russia as they will never be leasable again.
They may have effectively written off their aircraft trapped in Russia BUT the lessors have not really shelled money out, they have "bought" these airframes with money borrowed from western banks and now they make insurance claims from western insurance agents/syndicates, hoping not to lose.
The longer the RU/UKR "special military operation" continues the more those airframes become worthless, but if it ends soon then IMHO they will be approaching authorities to "get" them accepted by the cheapest means possible.....
Holding War risk insurance on a lease is one thing, insurance against a special military operation is another.