Nemesis Alien
Banned
- Joined
- Jul 11, 2016
- Messages
- 85,175
- Reaction score
- 4,711
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.