China’s 17 Planes Seized by Russia, China Bank ‘Voluntarily Settles,’ Pays $800M

Nemesis Alien

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Bank of China's aircraft leasing company, BOC Aviation, has lost $600 million. In March last year, 17 of its planes were seized by Russia, resulting in an $800 million provision for losses. Recently, BOC Aviation decided to cease pursuing compensation for eight of these aircraft, effectively "gifting" them to Russia in exchange for $200 million, thus incurring a direct loss of $600 million.
 

mouserabbit

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Make so much noise when its US, Japan or sea countries.

Come to big bad bear suck thumb quietly.
 

Krabs.

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should gift russia their c919 and not these AMDK brand plane
 

the_dog

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Bro bro way of transfers of $ in assistance…

communists are communists forever can’t be trusted…
gregory-house-bros-before-hoes.gif
 

parchiao

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Did China seize any Russian oil, wheat or fertiliser around the same time? :s13:
 
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