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Contracts for 515 aircraft leased to Russian airlines will be terminated

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Lessors are set to terminate hundreds of aircraft leases with Russian airlines following Western sanctions over the invasion of Ukraine that require the contracts be cancelled. Asian lessor BOC Aviation said today that most of its aircraft in Russia would be affected by European Union sanctions that require the leases be terminated by March 28. (www.airguide.info) Mais...

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mbrews
mbrews 22
It's one thing to terminate a lease on paper. It's a very different thing to reclaim custody of the aircraft, if parked at a Russian airfield.

The lessors are legally complying with the sanctions. Time will tell the ultimate disposition of the planes. And time will tell the financial write downs or write-offs that may arise.
Cleffer
Cleffer 4
Ireland is recalling hundreds of aircraft according to another story in this mornings batch o' news.
vector4traffic
vector4traffic 4
Stolen aircraft can't file flightplans.
brucecameron1836
Bruce Cameron 1
The Russian Government would allow flight plans som long as the equipment stays within Russian borders, I should think.
EB333
Erik Bruner 1
They aren't stolen if you can't return them
AWAAlum
AWAAlum 0
That's kind of like saying if the lights are on but I can't turn them off they aren't on...or if the hot water's on but I can't turn it off it isn't on? Stolen is stolen until returned.
charlie02vy
Charlie Roberts 0
Exactly. Possession is 9/10ths of the law.
Russia can fly them until they airframe is worn out, then tell the lessor to come get what remains.
OccamsRazor
Ben Bosley 6
EU just banned sales of aircraft parts and supplies. Russian airlines use primarily Airbus's at the moment. So good luck getting it fixed if something breaks.
mbrews
mbrews 4
Well, if Russia holds back enough Airbuses from the lessors, they can cannibalize some as a source of spares. Dont forget that sanctions are leaky, they could get parts via friendly nations
jimjallen
Jim Allen 4
Agreed, that’s the problem. Plenty of “leaky” sources if the price is right. Actually, it doesn’t even matter. You think Putin cares if the average Russian can’t fly somewhere? Oligarchs still fly.
bruceahz
Bruce Horwitz 2
Exactly. And even if the Oligarchs can't fly Putin would still not care. He would rather burn the house down than give in.
augerin
Dave Mathes 2
...also agree, however, I believe in this situation loopholes might get smaller and smaller as sympathy wains for the Soviet block...
DoyleKaufman
Doyle Kaufman 1
Iran flew 727's for years after not being able to buy spare parts from Boeing for their aging fleet. There's a black market for everything, even aircraft parts.
mbrews
mbrews 4
There is a TV show on Discovery called Airplane Repo. I have enjoyed many episodes. Maybe that gang would have a crack at some of these leased by Russia? :)

Folks on the show also repossessed some high-priced boats / yachts. Would they try to repossess the Oligarch's $ 500 million megayachts ? :)
sparkie624
sparkie624 8
I loved that program... But in all reality, it is not reality! It is about as Fake as Fake can get!
21voyageur
Dan Chiasson 3
Fully entertaining but highly staged. Selling soap via captured eyeballs.
eichmat
Tim Eichman 1
I think the truly realistic ones were the first episodes with Nick Popovich's company... the later stuff became mostly "reenactments".
mutrock
Mark Kortum 0
Send Dog the Bounty Hunter to get them. That show is not fake! lol
bdabneyjr
Robert Dabney 2
You're right...highly entertaining. Much more realistic in the first couple of seasons before they began staging them in later seasons.
lecompte2
lecompte2 0
You can cheat in the short term but if you ever want to return to normal some day, you got to play the game
21voyageur
Dan Chiasson 2
Money talks. Always.
lecompte2
lecompte2 1
Yes for the short term
sparkie624
sparkie624 3
Terminating the lease is one thing... Getting the planes back is another!
clandel
Carlisle Landel 1
I suspect that this is the first step in going after Russian assets in the West to recover the costs of the aircraft. If they can successfully grab $10 billion in assets, it's gonna hurt.
KennyFlys
Ken Lane 1
I had the same thought.
ADXbear
ADXbear 2
Great, and just how will they get these airplanes back out of Russia? Send a repo team? Nothing stopping them from using them anyway, or worse destroying them..
overpar56
Steve Stein 1
It’s establishing a paper trail. Once this all gets sorted out, recovery of assets or some other means of compensation probably will happen. Having 500+ planes flood the market doesn’t sound feasible.
sparkie624
sparkie624 1
And not to mention that airports will look like 9/11 again... No one will be able to fly in our out of any airport with all of them confiscated and parked somewhere!
AleksandarGovedarica
Iran has dodged sanctions for many years and still keeps them flying domestically. Russia will probably do the same.
watkinssusan
flight aware is NOT supposed to be a venue for political discussion or commentary..please refrain from "nasty" or rude comments,none of which add to a discussion...
srobak
srobak 4
you must be new here
21voyageur
Dan Chiasson 2
hahahah!
mutrock
Mark Kortum 3
Flight Aware links to this and other articles, which are political in nature. And then Flight Aware provides the space for commentary on these political articles. By their actions, Flight Aware does encourage political discussions when they are related to aviation.
paultrubits
paul trubits 1
More like Flight Aware tolerates the political discussions
sparkie624
sparkie624 2
Very true... But at the same time there are instances where it is unavoidable!
KineticRider
Randy Marco -2
Sure mary... keep your head in the sand until we are an authoritarian state as trump tried to do after a FREE & HONEST election and is STILL trying to do.

Those of us that DO care about democracy will not be silenced.

You would have been a superb Nazi.
AWAAlum
AWAAlum 0
She's merely pointing out THIS is not the venue. And you - you could get lessons between assertive and aggressive.
sparkie624
sparkie624 1
If Russia refuses to give them up.... How are they going to stop get them...
21voyageur
Dan Chiasson 2
More importantly, IMHO is WHO will stop them from using them internally and where allowed. If the "free world" can't/won't stop them from cruely invading a country, think they care about someone coming in to repossess an Airbus 320?
overpar56
Steve Stein 1
If they’re not flying, then there’s the cost of storage that has to be factored in. Internally, how much capacity do they need? With the Ruble at an all-time low, who can afford a ticket?

I’m sure Russia has some dry climate to move the planes to. Not sure what they did during early Covid grounded fleets.
billbeyatte
william beyatte 1
Good luck ever leasing a plane again if the Russians don't comply.
flybd5juan
Juan Jimenez 1
So now it's not that they can't fly to countries that banned them from their airspace, they can have their aircraft repossessed in just about any country in the world? Yowza. This is turning into a clusterf*** for Russia. Good.
ah6oy
Jim DeTour 1
Funny thing is Russia has hundreds of billions of dollars owed to it by Ukraine starting way before this conflict and economic manipulating to cause Russia to lose money. You could almost figure somebody is trying to float a bad economy. Even Hawaii in the US where it's said the US is self-sufficient in oil was buying cheaper low sulfur oil from Russia. Even funnier the cheaper Russian oil was being sold at over US market value with the Hawaii refinery now saying i the newspaper don't worry the price won't fluctuate much. Welcome to the international world of big finance and business. It's a game of take the other guy for as much as you can. Seems Russia got tired of it.
brucecameron1836
Bruce Cameron 2
Or the megalomaniac under-appreciated the will of the Ukrainian patriots
21voyageur
Dan Chiasson 1
Wonder how it would play out with the 2 most recent megalomaniacs at the table. Obviously, political doctrines mean nothing to them whether they be Russian or American.

[This comment has been downvoted. Show anyway.]

[This comment has been downvoted. Show anyway.]

gskarad
Greg Skaradzinski -1
Trump is a clown and worse, a traitor. He did everything that Putin asked of him to destroy NATO. Have you forgotten (or just chosen to ignore) that the traitor's first impeachment revolved around him withholding sending congressional approved weapons (javelins) to Ukraine if Zelinsky didn't provide manufactured dirt on Biden? Trump's final traitorous act was the withdrawal of the US from the Open Skies Treaty after he lost the election. Once again, he did Putin's bidding.

Biden has done a tremendous job of repairing NATO and our relationship with the EU. He has put together historic economic sanctions that will leave the Russian economy in tatters. Trump, on the other hand, has called Putin smart and praised him for the invasion of Ukraine. Such a change from the Party of Reagan to the Party of Trump.
flybd5juan
Juan Jimenez 1
Trump was a clown with the IQ of a rattle since the day he was born.
jeetmahal
param Mahal -1
You will never win a war against Russia. They are used the sanctions.
flybd5juan
Juan Jimenez 4
Russia has never seen sanctions like this. Ever. And their oligarchs **used** to be immune to sanctions. Now even their debit cards don't work. Pain is an excellent motivator. Just wait.

[This comment has been downvoted. Show anyway.]

kupuna11
Thomas Craig 8
MAGA!! Enough political talk on FlightAware!!
21voyageur
Dan Chiasson -1
By using the term "MAGA", you are encouraging political talk as it was generated and leveraged by the biggest and most selfish ()*() ever to exist in US politics. BUT, he is a symptom of a fractured and galvanized society. All of course IMHO. My one and only comment on this thread.
AWAAlum
AWAAlum 1
lololol - read your wording on your post. Biden still is in office... (Sorry...couldn't help myself.)
KennyFlys
Ken Lane 0
You have a reading comprehension problem.
AWAAlum
AWAAlum 0
Well, Kenneth, that wasn't very nice, now was it. That post doesn't mention "Trump" ... it merely says the name "Biden" and "if he was still in office). Obviously I realize he meant Trump, but it doesn't read that way. Now, go sit on the nasty chair.
21voyageur
Dan Chiasson 1
Full stop please after the "maybe so" comment.
KineticRider
Randy Marco 0
YOU are a clueless uneducated CLOWN and eat up trumps authoritarian anti-democracy propaganda,

YOU are anti-American.
overpar56
Steve Stein 0
Dopey comment. Really, put your faith in a guy who basically kneeled in front of Putin? Yeah, send your money to the grifter. He loves the ignorant.
overpar56
Steve Stein 0
Looks like the Russian troll farms are active on FlightAware. Anytime you see MAGA, assume it’s backed by Putin.
EB333
Erik Bruner -2
Oh yes, by all and any means: let's make sure we crucify the general population as well. (sarcasm)
KennyFlys
Ken Lane 1
Elections have consequences in other nations as well.

Of course, second place in their election was the communist party at 30% to Putin's 53%. It's communism with corruption or just corruption.
thecohorts
Matt LaMay -9
All these sanctions are going to come back and bite the world in the ass. Russia is sitting on the largest stockpile of nuclear weapons out of any nation including America. Putin is going to start acting like a wounded animal. And wounded animals are highly unpredictable.
flybd5juan
Juan Jimenez 4
ONE missile landing outside Russia means Moscow will become a large, radioactive crater. Even wounded animals have a thing for self-preservation.
21voyageur
Dan Chiasson 1
Hundreds of missiles have already landed outside Russia. Do you mean nuclear missile? Please be clear, not LOUD, but clear.
srobak
srobak 1
obviously he meant Ukraine
21voyageur
Dan Chiasson 0
Let's let him answer , , , , ,

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