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Contracts for 515 aircraft leased to Russian airlines will be terminated
Lessors are set to terminate hundreds of aircraft leases with Russian airlines following Western sanctions over the invasion of Ukraine that require the contracts be cancelled. Asian lessor BOC Aviation said today that most of its aircraft in Russia would be affected by European Union sanctions that require the leases be terminated by March 28. (www.airguide.info) Mehr...Sort type: [Top] [Newest]
Ireland is recalling hundreds of aircraft according to another story in this mornings batch o' news.
Stolen aircraft can't file flightplans.
The Russian Government would allow flight plans som long as the equipment stays within Russian borders, I should think.
They aren't stolen if you can't return them
That's kind of like saying if the lights are on but I can't turn them off they aren't on...or if the hot water's on but I can't turn it off it isn't on? Stolen is stolen until returned.
Exactly. Possession is 9/10ths of the law.
Russia can fly them until they airframe is worn out, then tell the lessor to come get what remains.
Russia can fly them until they airframe is worn out, then tell the lessor to come get what remains.
EU just banned sales of aircraft parts and supplies. Russian airlines use primarily Airbus's at the moment. So good luck getting it fixed if something breaks.
Well, if Russia holds back enough Airbuses from the lessors, they can cannibalize some as a source of spares. Dont forget that sanctions are leaky, they could get parts via friendly nations
Agreed, that’s the problem. Plenty of “leaky” sources if the price is right. Actually, it doesn’t even matter. You think Putin cares if the average Russian can’t fly somewhere? Oligarchs still fly.
Exactly. And even if the Oligarchs can't fly Putin would still not care. He would rather burn the house down than give in.
The lessors are legally complying with the sanctions. Time will tell the ultimate disposition of the planes. And time will tell the financial write downs or write-offs that may arise.