Interesting tweet on the future of Russian aviation
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Very few aircraft are actually owned by airlines, and instead most are owned by lessor companies, most of which are Irish. Under the sanctions regime, the view in the legal community is that those leases have to be terminated, otherwise Irish companies will be criminally liable.
More importantly: Russian operators are unable to effect insurances. Without those, no national aviation authority will allow access to its airspace. This would in effect mean the end of Russian operators flying internationally.
I had no idea.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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Very few aircraft are actually owned by airlines, and instead most are owned by lessor companies, most of which are Irish. Under the sanctions regime, the view in the legal community is that those leases have to be terminated, otherwise Irish companies will be criminally liable.
More importantly: Russian operators are unable to effect insurances. Without those, no national aviation authority will allow access to its airspace. This would in effect mean the end of Russian operators flying internationally.
I had no idea.
@George-K said in Interesting tweet on the future of Russian aviation:
Very few aircraft are actually owned by airlines, and instead most are owned by lessor companies, most of which are Irish. Under the sanctions regime, the view in the legal community is that those leases have to be terminated, otherwise Irish companies will be criminally liable.
More importantly: Russian operators are unable to effect insurances. Without those, no national aviation authority will allow access to its airspace. This would in effect mean the end of Russian operators flying internationally.
I had no idea.
That’s makes two of us.
This is huge.
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