Gallery: How Lessors Are Dealing With Russia Impact

AerCap, the world’s largest aircraft leasing company, made a $3.5 billion claim for its stranded aircraft in March. That same month, it disclosed that it had 135 owned aircraft and 14 engines remaining in Russia, having successfully recovered 22 aircraft and three engines.

Irish company Avolon confirmed just 10 of its owned aircraft were in Russia by the end of March, but recognized an impairment of $304 million against its exposure to the Russian market in the first quarter of this year. Since then, its CEO Domhnal Slattery has cast doubt over whether the world's second biggest leasing company will do business in Russia ever again.

Dublin-based lessor SMBC Aviation Capital has also sought to recover aircraft from Russia. It leases 35 in total to Russian carriers, comprised of Aeroflot, S7 Airlines, Ural Airlines, Nordwind Airlines and Nordstar Airlines.

Dubai Aerospace Enterprise (DAE) revealed in early May that it had written off more than $500 million of assets in the form of aircraft leased to Russian carriers. Company CEO Firoz Tarapore said DAE had filed claims of $1 billion under certain insurance policies and anticipated filing additional claims to recover amounts due to the company.

U.S.-based lessor Air Lease says it wrote off around $800 million of Russian interests, comprised of 21 owned and six managed aircraft.