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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) Más...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.
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.