Russian airlines in the future are going to have a hard time getting a leased aircraft. Horrible risk dealing with Russia. From BBC: “Russia has implemented a new law making it harder for foreign aircraft leasing companies to repossess their planes in the face of Western sanctions. The new law will allow foreign jets to […]

Russia is apparently planning to block their airlines from returning (stealing?) Western airliners leased to their airlines. This will be a major hit to aircraft leasing companies. From Reuters: “Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes in a showdown with Western finance over $10 […]

Will Russia nationalize the leased airliners that Russian airlines operate? A legal quagmire is developing for western aircraft leasing companies. From Reuters: https://www.reuters.com/markets/europe/lessors-face-legal-quagmire-russian-plane-repos-stall-2022-03-09/ Lessors face legal quagmire as Russian plane repos stall https://t.co/wkjqkbFI6l — ReutersAerospaceNews (@ReutersAero) March 9, 2022

Montreal, Canada, March 8, 2022 – (NYSE: CAE; TSX: CAE) CAE announced that it has suspended all services and training to Russian airlines, aircraft operators and healthcare distributors, in light of Russia’s invasion of Ukraine. CAE is saddened by the…

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Aeroflot, Russia’s flag carrier, has announced that all foreign flights would be halted beginning March 8, with the exception of flights to Belarus, as Moscow confronts a slew of Western sanctions over its invasion of Ukraine.  The move came after […]

Ural Airlines has announced it has cancelled all flights to Armenia, Azerbaijan, Israel and the United Arab Emirates (UAE). The Russian airline blames the “current geopolitical environment”! Previously the carrier stopped flying to Bulgaria, Cyprus, Hungary, Portugal, Spain and Turkey due to airspace restrictions against Russian airlines. Russian carriers are also afraid of having their […]

Smartavia has also announced it has ended all its international flights on Friday, March 4. This includes flights to Uzbekistan and charter flights to Turkey. Note: Antalya in Turkey is going to become a ghost airport without Russian airlines.

Aeroflot Russian Airlines is afraid its leased aircraft will be seized overseas. The flag carrier of Russia has announced it will halt all international flights except to Belarus starting on March 8. Read more from the AP: BREAKING: Aeroflot, Russia’s flagship carrier, has announced that it will halt all international flights except to Belarus starting […]

According to the country’s RBC business news, Russia’s Ministry of Transport is considering options for nationalising aircraft that Aeroflot Group presently leases from foreign lessors in order to insulate the flag carrier from the impact of devastating international sanctions. Russian […]

Following President Vladimir Putin’s invasion of Ukraine, President Joe Biden said during Tuesday night’s State of the Union address that the US will prohibit Russian aircraft from US airspace, joining a growing list of countries that have closed their skies […]

Airspace bans against Russian airlines are working. However some Russian tourists may have trouble getting home. Some may be stranded for a while. Certainly this pales to what Ukrainian citizens are facing. Their lives and homes are at stake due to Russian aggression against Ukraine. Many have been forced to flee the country. According to […]

Just days after the European Union and the United Kingdom restricted their airspace to Russian-owned private aircraft, the number of departures from Russia has already decreased by 25%. Richard Koe of WingX, told Robb Report, “We’ve already noticed a huge […]