The aviation industry – already battered by two years of COVID-19 losses – must now adjust to Russian sanctions. This is an issue of supply under sanctions, which includes aircraft leasing, financing, maintenance and parts supply. The companies most affected are: Rolls-Royce, AerCap, SMBC Aviation Capital and Avolon. These companies can handle a total loss on these aircraft/parts/engines and services if the worst should happen; it is the other smaller companies with far more exposure to Russia as a percentage of their overall business that one needs to worry about greatly. I could list them but that would just compound

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