Aircraft leasing companies will be wary of returning to Russia once its conflict with Ukraine is resolved, after what experts have described as a mass default involving hundreds of aircraft, the head of the world's second-largest lessor said on Tuesday.

Domhnal Slattery, chief executive of Dublin-based Avolon, told Reuters the company's own risk is limited, however, with a net exposure of below $200 million on the 10 jets that remain held in Russia, out of 14 originally leased to carriers there.

(Reporting by Tim Hepher; Editing by Kirsten Donovan)