Irish High Court orders wind up of two Russian-owned aircraft lessors

GTLK Europe DAC and GTLK Europe Capital DAC, two Russian state-owned aircraft and shipping leasing firms, both registered in Ireland, have both been ordered to be wind up by the Irish High Court. The orders have resulted in the dismissal of an application for both companies to be placed into examinership. Combined, the two companies have a net worth of approximately US$4.5 billion.

Both companies had been hard hit by sanctions placed on Russia subsequent to the country