Aeroflot Purchases Eight Leased Aircraft
Aeroflot (SU) has bought eight leased aircraft from foreign leasing companies as a way to meet its contractual obligations.
Aeroflot (SU) has bought eight leased aircraft from foreign leasing companies as a way to meet its contractual obligations.
Avolon has recorded a US$304m loss on aircraft leased to Russian customers who are now subject to international sanctions.
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.
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.