Aeroflot Purchases Eight Leased Aircraft
Aeroflot (SU) has bought eight leased aircraft from foreign leasing companies as a way to meet its contractual obligations.
Airlines
Industry
Industry
Avolon Reports US$304m Impairment on Russia
- by Helwing Villamizar
- May 3, 2022
- 1 minute read
Avolon has recorded a US$304m loss on aircraft leased to Russian customers who are now subject to international sanctions.
Airlines
Putin Allows Russian Airlines to Pay Lessors in Rubles
- by John Huston
- April 2, 2022
- 1 minute read
Russian President Vladimir Putin has decreed that Russian airlines will be able to use rubles via accounts at Russian banks to pay leasing companies from “unfriendly” countries for the use of aircraft and engines.
Airlines
Russian Draft Law Risks Mass Default on Leased Aircraft
- by Helwing Villamizar
- March 13, 2022
- 2 minutes read
Russia has drafted a law that may bar its airlines from returning leased planes, raising the stakes in a battle with Western financiers over US$10bn in aircraft.