United Kingdom
United States
Asia Pacific
Hundreds of leased planes held hostage in Russia
Sunday, 17 Mar, 2022
0
More than 500 leased jets worth about $10 billion are in the possession of Russian airlines with aircraft lessors unable to-do anything about it. Many lessors are resigned to waiting out the conflict and hoping sanctions are quickly lifted.
The European Commission is working with regulatory agencies to get the aircraft back but with no international flights out of Russia the chance of repossessing planes is virtually zero.
Almost all the few planes that have been returned to lessors were outside Russia when airspace was closed.
Read Full Story
Related News Stories:
Ray Monty
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls