A change of ownership is required to salvage two sanction-struck Russian state-controlled aircraft and shipping leasing firms worth over $4.5 billion, according to an expert report before the High Court. Directors of the Irish registered GTLK Europe and GTLK Europe Capital will tomorrow attempt to stave off a creditor-led liquidation petition by instead pushing for the appointment of an examiner to try and rescue the insolvent firms, which currently have a €1.5 billion deficit. They will also argue that a newly signed decree on bonds by Russian President Vladimir Putin will provide GTLK with a $1.5 billion debt reprieve in…

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