Source: China – South China Morning PostChinese aircraft leasing companies have emerged as the latest victims of the prolonged Ukraine war, after one firm disclosed it had received US$23 million in insurance payouts for three planes detained in Russia and never returned – part of a wave of Chinese assets held in the country in recent years.
AVMAX, which is a wholly-owned subsidiary of Guangdong-based Shanhe Intelligent, had leased the aircraft to Russian clients under three contracts, according to a stock exchange filing released this…Read More