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Another thing that's going to hit them is that the leasing companies are looking to get their leased aircraft back: https://airlinegeeks.com/2022/03/02/lessors-

Another thing that's going to hit them is that the leasing companies are looking to get their leased aircraft back: https://airlinegeeks.com/2022/03/02/lessors-look-to-repatriate-aircraft-from-russia/ https://airlinegeeks.com/2022/03/02/lessors-look-to-repatria... Things are not looking great for their airline industry.

notahacker 5y ago
You can add bans to fly to or over most of Europe, likely Russian-imposed restrictions or total ban on flights leaving Russia and most of the parts supply chain refusing to serve them to the list of woes. Given the amount of flights they're currently unable to operate, losing some payment obligations to aircraft lessors may be almost be a relief. (The Russian government has threatened to "nationalise" some aircraft in retaliation, but the problem with doing that is you get your own aircraft repossessd when they leave Russia, even if trade with Russia reverts to near-normal after the war)
adolph 5y ago
Pretty sure this is also not good news for the leasing companies and the airplane manufacturers (aside from many of them making it up on increased defense spending). The European country most exposed to this risk is certainly Ireland. According to the Irish Times newspaper, the leasing company Aercap owns 149 aircraft operated in Russia and SMBC Aviation Capital has 34 jets leased to Russian operators. [0] AerCap is the world's largest aircraft leasing company after acquiring International Lease Finance Corporation in 2014. As of June 2020, AerCap had 1,035 owned, managed aircraft in its portfolio. [1] That's 14% of their business that got nuked. 0. https://airlinegeeks.com/2022/03/02/lessors-look-to-repatriate-aircraft-from-russia/ https://airlinegeeks.com/2022/03/02/lessors-look-to-repatria... 1. https://en.wikipedia.org/wiki/AerCap https://en.wikipedia.org/wiki/AerCap
diebeforei485 5y ago
Would other airlines want to lease these aircraft, or will the lessors be left holding the bag?

notahacker 5y ago

You can add bans to fly to or over most of Europe, likely Russian-imposed restrictions or total ban on flights leaving Russia and most of the parts supply chain refusing to serve them to the list of woes. Given the amount of flights they're currently unable to operate, losing some payment obligations to aircraft lessors may be almost be a relief. (The Russian government has threatened to "nationalise" some aircraft in retaliation, but the problem with doing that is you get your own aircraft repossessd when they leave Russia, even if trade with Russia reverts to near-normal after the war)

adolph 5y ago

Pretty sure this is also not good news for the leasing companies and the airplane manufacturers (aside from many of them making it up on increased defense spending). The European country most exposed to this risk is certainly Ireland. According to the Irish Times newspaper, the leasing company Aercap owns 149 aircraft operated in Russia and SMBC Aviation Capital has 34 jets leased to Russian operators. [0] AerCap is the world's largest aircraft leasing company after acquiring International Lease Finance Corporation in 2014. As of June 2020, AerCap had 1,035 owned, managed aircraft in its portfolio. [1] That's 14% of their business that got nuked. 0. https://airlinegeeks.com/2022/03/02/lessors-look-to-repatriate-aircraft-from-russia/ https://airlinegeeks.com/2022/03/02/lessors-look-to-repatria... 1. https://en.wikipedia.org/wiki/AerCap https://en.wikipedia.org/wiki/AerCap

diebeforei485 5y ago

Would other airlines want to lease these aircraft, or will the lessors be left holding the bag?