Over the past few months, Teneo, the liquidator appointed to wind down operations of GTLK Europe and GTLK Europe Capital, has been preparing the fleet for sale and has now launched a sales process for two 737-800s. GTLK’s parent is Russian state-owned leasing company JSS GTLK, but the majority of the aircraft leasing business was run by Irish-registered firms, GTLK Europe and GTLK Europe Capital, which operated out of its Dublin office. GTLK operations were halted almost overnight following sanctions imposed on Russian-owned companies by the European Union and the United States following the invasion of Ukraine on February 24,

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