Lessors Reach Settlement With Russia's Aeroflot Over Stuck Aircraft
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- čas přidán 30. 06. 2024
- 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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I don't claim to know finances but the old saying goes : "if I owe the bank $100 I 'm in trouble, if you owe them millions they just write it off". Or something like that !
The one I have heard is "If you owe the bank 100$, then it's your problem. If you owe the bank 100,000,000$ then it's their problem." still applicable to this case
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.
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.
You still don’t understand how this works Russia didn’t created the problem but Russia never loose
@@hirdleyreid5796 Russia did create the problem by invading Ukraine
@@hirdleyreid5796Russia never lose? They lost the Cold War.
@@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.
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…….
No wonder my car insurance is going up...😭😭😭
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.
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.
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
@@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.
@@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.
These planes have been flying internationally since the war started. Look it up.
Safety must be the first priority in all aircraft operations.
Replacement parts integrity must function without any compromise.
Unfortunately the authors of the sanctions against Russia do not realize it....
i'm a little surprised this settled.
No one has refused money yet
Money talks. Once the Ukraine war is over everybody will be courting Russia to sell or lease them new planes…
There’s a third option on parts… other spare aircraft.
all aircraft are now on registration RA-.
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.
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
The lessors are claiming the difference from insurance, apparently. So it will be the insurance companies suing the Russians, not the leasing companies.
Will the Russian plans be converted into Freighters after there service with airlines?
These amounts are nothing like what the planes were worth.
Their long term maintenance plan will be to retrofit the Boeings and Airbuses with Russian replacement parts?
Oh yeah! "sanctions" ...
Greedy insurance compaies eh
Yayyy🎉🎉🎉
Basically they are flying scrap. (satire)
So, I guess after paying all this money Russia will get to keep all the aircraft?
Absolutely 💯 %.
Can I read ?
Lucky they paid anything at all... considering they have absolutely no way of enforcing any of their deals.
@@contemporarymonk true that, the planes were all worth it to them.
Yes they bought them
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.
i am sure that went via the insurers
I’m sure they know what’s best for them.
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.
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? 🙄 😅😂
@@4evertrue830the profile pic tells you the poster has absolutely no bias in this at all
@@FloorItDuh yeah right..hahaha lol. 😆 🤣 😂
I suppose you also think that you cant buy Coca Cola in Russia 😂
@@imarcus1973 🤣🤣🤣👏👏👍
Good on them, for acting; honorably and taking responsibility; to repay debts.
Is this AI generated?
God bless you
No
@@alexross367wut
Are you AI generated?
@@alexross367 Thanks, god bless you too.
I think it would be best for everyone if the sanctions were just lifted. At least for civilian/commercial aircraft..
Why would that improve things?
You've spelt "tightened" wrong.
@@Ayrshore Very wrong.
@@Ayrshore 2+ years of full-blown sanctions have made Ukraine even more miserable, and you think tightening sanctions are going to change anything? 😂😂
@@dukhi_aatma372 who cares? Ukraine is on the menu anyway.
Eat it west😂
There's no need to be rude
@@westhavenor9513 Sure, they get some old planes that are well beyond their maintenance schedules… Being asked not to use their brakes is interesting.
@@westhavenor9513don’t be so sensitive