Patrick Boyle On Finance

Planes Trapped In Russia!


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Send us a textAs the clock runs down to Monday's sanctions deadline for Russian airlines to hand back more than 450 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their planes back. As the owners rushed to repossess the planes, the Kremlin moved quickly to block this by passing a law allowing foreign airplanes to be re-registered in Russia, effectively nationalizing them.Aviation was an early business casualty of Moscow's invasion of Ukraine, a...
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Patrick Boyle On FinanceBy Patrick Boyle

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