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EU sanctions against Russia ban aircraft leasing by Russian airlines – Ukraine News, Transport

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The authorities of the European Union have decided on a complete ban on the supply and leasing of aircraft, helicopters and other aircraft in the Russian Federation, as well as their insurance and maintenance. The Russian businessman.

This means that Russian airlines must return to lessors all aircraft taken in Europe. The Ministry of Transport of the Russian Federation has scheduled an emergency meeting on this issue, at which airlines may be allowed not to comply with this requirement.

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The publication refers to the results of a meeting with Irish Prime Minister Michol Martin, a country in whose jurisdiction most of the European aircraft fleet is registered.

These sanctions could more than halve the fleet of Russian airlines in a month.

According to the latest data from the Cirium agency, more than half (55%) of the entire Russian aviation fleet is leased from international companies. Russian airlines operate 980 passenger liners, 777 of them are leased. Russian carriers lease 515 aircraft from foreign owners with a market value of $10 billion.

EU sanctions mean a withdrawal from Russia or the impossibility of the full operation of all Airbus aircraft, and potentially Boeing, because the US can take similar measures.

The Russian authorities may accept documents allowing companies not to take planes out of Russia. But the confiscation will mean that in the future no lessor will give such airlines their aircraft.

  • Read about how the world is trying to punish Russia for attacking Ukraine our chronicle.

Andrey Vodyany

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