Avolon chief says it would be ‘very difficult’ to do business in Russia again

The chief executive of leading Dublin-based aviation leasing company Avolon has said that it would be very difficult for the aircraft leasing sector to do any business in Russia “for a very long period of time – if ever”.

“We’ve been relatively lucky in Russia, a very small percentage of our total book was there, nevertheless it was about $400million or 14 aircraft. We have four of the 14 aircraft outside of Russia, which is good, all of the leases are now terminated in line with sanctions, we have made every effort to get the aircraft back, but at this point that has not happened.”Mr Slattery said that his company’s “hearts, prayers and morals” were with the people of Ukraine.

IrishTimes Think of business, but without the possibility of merrionstreet(government) funding? Just imagine a market of people's actual choice? Consumers paying one price for their chosen product/service? cognitivedissonance

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