After the EU ban on the supply of aircraft, Russian airlines will try to find new partners, keep part of the contracts with lessors and master the repair of aircraft, experts and market participants told Izvestia.
Part of the fleet will still have to be given away, but the closure of European airspace will not be critical as long as flights to Turkey and Egypt are open, experts noted.
On February 26, the EU Council banned the sale and supply of aircraft and spare parts for domestic airlines, as well as the provision of any insurance or reinsurance services for these aircraft, as sanctions measures due to the Russian military operation in Ukraine. In addition, on February 28, the head of the European Union completely closed its airspace to Russia.
According to Izvestia’s source among aviation consultants, approximately 81% of the fleet flying in Russia belongs to lessers from Ireland, 7% – from Cyprus, 2-3% each – from Turkey and from Bermuda.
Airbus told Izvestia that they would act in accordance with the applicable sanctions and regulations, but would try to “minimize their impact on the company’s activities.”
A representative of Boeing in Russia and the CIS said that the company is also monitoring the situation, lawyers are studying all the risks.
According to a source in one of the leasing companies, carriers are now analyzing whether they will be able to service aircraft under sanctions.
“Different options are being worked out on how to maintain airworthiness in accordance with the requirements of the manufacturer,” the source explained.
For tourists stuck abroad, especially in already closed countries, experts advise first of all not to panic and install the Foreign Assistant application of the Russian Foreign Ministry. Now the hotlines of the Federal Tourism Agency, the Ministry of Foreign Affairs, the Ministry of Transport, the Federal Air Transport Agency and the ONF are collecting all the information about the problems of Russians who could not fly from abroad.
Read more in the exclusive Izvestia article:
Fleet like this: how Russian airlines will be able to work under sanctions
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
