Russian leases: no fear for full writedown of assets
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EASA certification pulled for Russian built commercial aircraft
EASA, the European aviation authority, suspended EASA certification of current Russian aircraft and will no longer accept applications to certify new Russian aircraft. These new developments are in addition to sanctions following the invasion of Ukraine that Russia airlines can…
ALC making good progress on repossessing Russian aircraft
Lessor Air Lease Corporation (ALC) says it is making good progress on getting its aircraft back from Russian airlines. “We are making good headways and minimizing our exposure on a weekly basis”, Chairman of the Board Steven Udvar-Hazy said on…
Russian Airlines won’t be flying their Western jets for long
Russian airlines won’t be flying their Western jets for long. The uncertainty surrounding Russia’s Western fleet is causing lessors harm, as they must terminate leases under sanctions and attempt to recover those aircraft. While the market for the wide-bodies is…
The Race to Recover is on for Aircraft Lessors with Russian Customers
As if the pandemic wasn’t enough. After dealing with collapsing airlines the world over as traffic almost stopped, aircraft lessors now have to confront another crisis. And they have to do this before they fully recover from the pandemic. The…
UPDATE – Who feels the pain of Russian aircraft sanctions?
UPDATE February 27 – An Airbus A350-900 that departed Toulouse for Moscow on the evening of February 24 could very well have been the last new Western airliner to have joined a Russian airline for some time. With the war…