Managing Supply Chain Risk: Plane Seizure in Russia
Russia has refused to give back the approximately 400 planes worth $10 billion dollars which were due to be returned to EU leasing companies on March 28.
Instead, the Russian president signed a law allowing the country to keep the planes and continue to fly them, constituting the largest theft ever of airplanes. The companies which own them may spend years trying to recover some part of this loss from insurance companies.
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