Lessors Reach Settlement With Russia's Aeroflot Over Stuck Aircraft

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In 2022 Russia withheld hundreds of foreign-owned (but Russian-operated) aircraft.
Reuters has since reported that aircraft leasing firms have struck settlements for over a quarter of the total number. With the aircraft seemingly unrecoverable at this point, settlements which include compensation seems to be the best-case scenario for these leasing firms…
Article: simpleflying.com/lessors-reac...
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Опубликовано:

30 июн 2024

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Комментарии : 105

@sylvainforget2174 24 дня назад

I don't claim to know finances but the old saying goes : "if I owe the bank $100 I 'm in trouble, if you owe them millions they just write it off". Or something like that !

@ChannelHypermach 23 дня назад

The one I have heard is "If you owe the bank 100$, then it's your problem. If you owe the bank 100,000,000$ then it's their problem." still applicable to this case

@cabottaxi 24 дня назад

At the end of the day any leasing company in future won't lease any new aircraft to Russian Airlines. The future's not bright. Once bitten, twice shy.

@hirdleyreid5796 24 дня назад

You still don’t understand how this works Russia didn’t created the problem but Russia never loose

@thiagomarques3036 24 дня назад

@@hirdleyreid5796 Russia did create the problem by invading Ukraine

@harstoft 24 дня назад

@@hirdleyreid5796Russia never lose? They lost the Cold War.

@4evertrue830 24 дня назад

@@thiagomarques3036Ukraine created the problem by invading the dombass and deleted 14,000 ethnic russians living in their homes since 2014. Russia simply came in to save them. Always get your story right.

@neilsmith5762 24 дня назад

It depends on peoples biases who is to blame for the situation Europe finds itself in, and where the timeline starts. 2014 coup could be the start. The fall of the Berlin Wall and the broken promises of nato not moving eastward. Breaking nuclear agreements by the USA. I believe Russia wanted to join NATO in the 1990s but were declined by the collective west…….

@kenwisleder6366 24 дня назад

At this point it's the best that these lessors can hope for. Some lessors were less enthusiastic about doing business in Russia, and they have been spared some of this pain.

@ihmcallister 24 дня назад

These aircraft have all been operated outside their maintenance schedules. Russia might have ownership now, but none of them will ever be able to operate internationally, or be sold outside Russia in the future.

@contemporarymonk 23 дня назад

Funny your idea of international is the west. Just flew S7 A320 from Turkey to Russia... but apparently that's not international... because you know reasons.

@notenote2004 22 дня назад

Russian mechanics are better than most of their Western counterparts. In Iran they have the same situation and they keep flying old Boeing and Airbus aircrafts

@59jm24 21 день назад

@@notenote2004 Mechanics are not the problem. It is the availability of certified spare parts, some of which will not be reproducible by Russia. With counterfeit spares the planes will become un airworthy scrap.

@fifi23o5 19 дней назад

@@59jm24They can be obtained through third parties, some are actually delivered by manufacturers. There is still potential for some business in future, risk of getting nothing for those planes and, probably, most importantly, most of titanium for the aeronautic industry comes from Russia.

@Behemoth29 18 дней назад

These planes have been flying internationally since the war started. Look it up.

@user-gf7zf9sx7w 20 дней назад

Safety must be the first priority in all aircraft operations. Replacement parts integrity must function without any compromise.

@user-jq9qo7wm9n 20 дней назад

Unfortunately the authors of the sanctions against Russia do not realize it....

@captiannemo1587 22 дня назад

There’s a third option on parts… other spare aircraft.

@MissMyMusicAddiction 23 дня назад

i'm a little surprised this settled.

@andrek4619 22 дня назад

No one has refused money yet

@notenote2004 22 дня назад

Money talks. Once the Ukraine war is over everybody will be courting Russia to sell or lease them new planes…

@thehumancanary131 21 день назад

No wonder my car insurance is going up...😭😭😭

@louieuow 24 дня назад

So Russian is getting these planes for cents on the dollar! These plane leasers should be able to claim the full value plus penalties from the seized Russian government assets

@sagmilling 23 дня назад

The lessors are claiming the difference from insurance, apparently. So it will be the insurance companies suing the Russians, not the leasing companies.

@aliefabdurrahman3302 24 дня назад

all aircraft are now on registration RA-.

@ihmcallister 22 дня назад

Illegally. All the re-registered aircraft were considered stolen. Even those Russia ha paid for have blown past maintenance schedules, and are now written down to scrap value.

@yourkomrade 19 дней назад

Their long term maintenance plan will be to retrofit the Boeings and Airbuses with Russian replacement parts?

@marcmomus 19 дней назад

These amounts are nothing like what the planes were worth.

@user-cl8ip7ln7g 21 день назад

Will the Russian plans be converted into Freighters after there service with airlines?

@BrianJones761-wc4hu 17 дней назад

Russia was quite happy to maintain the leasing arrangements but western governments thought they could ground Russia without declaring war. The leasors should be suing Washington and London for losses.

@tld8102 24 дня назад

Greedy insurance compaies eh

@deniermurch8693 24 дня назад

Basically they are flying scrap. (satire)

@user-yc2oz8kc5k 24 дня назад

So, I guess after paying all this money Russia will get to keep all the aircraft?

@4evertrue830 24 дня назад

Absolutely 💯 %.

@bigmungus4864 24 дня назад

Can I read ?

@contemporarymonk 23 дня назад

Lucky they paid anything at all... considering they have absolutely no way of enforcing any of their deals.

@user-yc2oz8kc5k 22 дня назад

@@contemporarymonk true that, the planes were all worth it to them.

@alicelund147 22 дня назад

Yes they bought them

@olpkol 21 день назад

Oh yeah! "sanctions" ...

@harstoft 24 дня назад

Seems like the insurers should pay the lessers and then the insurers should have to negotiate with Russia. The lessers are undermining their case by making these agreements.

@ursodermatt8809 22 дня назад

i am sure that went via the insurers

@neilkurzman4907 22 дня назад

I’m sure they know what’s best for them.

@jlvandat69 24 дня назад

those familiar with the maintenance and repair aspect of commercial flight understand that the inability of Russia to get parts from qualified manufacturers will eventually cause these airplanes to suffer increasingly serious failures. Make no mistake, Russia's commercial airlines are destined to fail completely over time.

@4evertrue830 24 дня назад

How did Iran get all its commercial aircraft parts for their western designed planes inspite of the sanctions imposed on Iran for decades? And yet you say, you know how the avaition industry works? 🙄 😅😂

@FloorItDuh 24 дня назад

@@4evertrue830the profile pic tells you the poster has absolutely no bias in this at all

@4evertrue830 24 дня назад

@@FloorItDuh yeah right..hahaha lol. 😆 🤣 😂

@imarcus1973 23 дня назад

I suppose you also think that you cant buy Coca Cola in Russia 😂

@4evertrue830 23 дня назад

@@imarcus1973 🤣🤣🤣👏👏👍

@Inflight777 24 дня назад

Yayyy🎉🎉🎉

@daveberryman5946 23 дня назад

Good on them, for acting; honorably and taking responsibility; to repay debts.

@MAC-vi7fy 24 дня назад

Is this AI generated?

@alexross367 24 дня назад

God bless you

@KaiCheetah 24 дня назад

@@alexross367wut

@ellaluna5514 24 дня назад

Are you AI generated?

@MAC-vi7fy 24 дня назад

@@alexross367 Thanks, god bless you too.

@SongShiyu 24 дня назад

Eat it west😂

@westhavenor9513 24 дня назад

There's no need to be rude

@smoketinytom 24 дня назад

@@westhavenor9513 Sure, they get some old planes that are well beyond their maintenance schedules… Being asked not to use their brakes is interesting.

@imarcus1973 23 дня назад

@@westhavenor9513don’t be so sensitive

@mikestone9129 24 дня назад

I think it would be best for everyone if the sanctions were just lifted. At least for civilian/commercial aircraft..

@smoketinytom 24 дня назад

Why would that improve things?

@Ayrshore 23 дня назад

You've spelt "tightened" wrong.

@smoketinytom 23 дня назад

@@Ayrshore Very wrong.

@dukhi_aatma372 23 дня назад

@@Ayrshore 2+ years of full-blown sanctions have made Ukraine even more miserable, and you think tightening sanctions are going to change anything? 😂😂