Asia/Pacific

US courts awards $406.2 million to be paid to BOC Aviation over aircraft stuck in Russia

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US courts awards $406.2 million to be paid to BOC Aviation over aircraft stuck in Russia

AirBridgeCargo Airline will pay BOC Aviation $406.2 million as per a judgement passed by the US court, Reuters reports. The carrier is being declared in default on leases for three Boeing 747-8F aircraft following the Russia-Ukraine war. AirBridgeCargo went into default after being unable to maintai...

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