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in a new twist, Russia approves law to nationalize aircraft leased abroad so that its local airlines can continue operating.
causing great concern among landlords and insurers, in the middle of war between Russia and Ukraine, and before the blockades more sanctions, the russian government has taken a strong measure to ensure the air operability of its airlines.
Although it is not known how much longer Russian airlines can maintain their operation due to the lack of access to spare parts., which will lead them to the cannibalization of planes that are mostly not theirs, the Russian government is looking for ways to reduce this impact.
Among the measures announced is the continuation of the new aircraft program MC-21 and drive the production line of unsuccessful little Superjet 100, but with the nationalization mainly of Airbus and Boeing aircraft, a new crisis has been reached for the industry.
Russia is going to nationalize planes
Now focusing the problems on the owners of the planes that the airlines operate, which are mostly leased, a tense environment has been generated that even involves insurers and great instability regarding the future and operational safety in Russia.
For instance, the value of the aircraft that Russia has seized exceeds $12 trillions, Despite the scale and magnitude of this action, it is estimated that leasing companies can remain solvent, Despite the apparent financial instability that this could generate.
This Russian action comes hand in hand with the cancellation of registrations and airworthiness certificates by Ireland (35 aircraft registration EI-) and from Bermuda (more of 740 VP-B and VQ-B registration aircraft) what the re-registration of these and other aircraft under RA-registration has meant.
This move guarantees, for now, the operation of Russian airlines within its territory and to other countries that still allow it or have not applied blockades due to Russian military actions.
Finally, This nationalization and new airworthiness certificates generate from now on a distrust that the maintenance records, flights and spare parts is reliable or that the guidelines of each manufacturer have been fully complied with.
Why the planes did not have Russian registration?
The vast majority of aircraft of Russian airlines are leased, in fact it is the most common in the entire industry. With this background, Bermuda was the regulatory body that assumed responsibility for supervising the maintenance, operations and airworthiness certificates, to more than this country have great tax benefits.
With information from: https://twitter.com/lb_SFO
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While it is true, a landlord cannot sublet something, if consent of the owner.
But I read that the contract can be canceled in favor of the owner.
In favor of the owners of the plane, Yes.
Surely the spare parts will arrive via China. Likewise, operational security was never the forte of the Russians..
I read something that China said no to that request.
Buenas tardes:
Can you explain well the figure of the nationalization of aircraft ?
It implies payment of the aircraft to the lessors at prices determined by the party that nationalizes ??
Greetings
It is practically expropriating something private and making it public, or in this case give them to their airlines without the consent of their owners.
Ok but the owner of the aircraft receives some payment?
Neither.
Incredible
that's an assault