A Boeing 747-8 freighter leased to Russia’s AirBridgeCargo has flown to California from Hong Kong, according to FlightRadar24, after a U.S. judge signed an order allowing lessor BOC Aviation Ltd. to repossess it. The order was unsealed and made public on Tuesday, court documents showed and the aircraft arrived in the United States on March 25, according to the flight tracking service. BOC Aviation and its lawyers declined to comment. Singapore-based BOC Aviation is one of many global aircraft lessors that had planes on lease to Russian airlines before sanctions over Russia’s invasion of Ukraine forced the cancellation of leases and insurance policies. More than 400 leased planes worth almost $10 billion remain in Russia despite a Monday deadline for contract cancellations, though the Interfax news agency last week reported that 78 had been seized abroad. BOC Aviation shares closed 4.4 percent higher on Wednesday, outpacing a 1.4 percent rise …
Lessor BOC Aviation Repossesses 747-8 Cargo Plane From Russian Operator
March 31, 2022
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