Breaking on the wheel is SO old-fashioned - but we can go with "corruption of blood". 
Posted on 03/12/2022 5:41:15 PM PST by TigerLikesRoosterNew
Western planes worth $13bn stranded in Russia, analysts say
10th March 2022 - Author: Matt Sheehan
Analysts at data and analytics company Russell Group have reported that 589 Western-built aircraft with a market value of approximately $13 billion are currently on the ground in Russian airports.
Flights to and from Russia have been banned by nearly all Western nations in response to the country’s widely-condemned invasion of Ukraine.
The result is that hundreds of leased planes in Russia that are owned by European companies stuck on the ground in the country.
And Russell Group warns that the aviation war market now faces its biggest potential loss since 9/11.
Western sanctions have effectively “crippled” Russia’s aviation sector, analysts say, with the country’s largest flight operator, Aeroflot blocked from European and North American airspace.
And in addition to the airspace restrictions, Russian companies in the aviation or space industry have been blocked from accessing British-based insurance or reinsurance services directly or indirectly.
(Excerpt) Read more at reinsurancene.ws ...
There is a legal loophole. Russian-operated aircraft are not allowed in Western airspace. For that reason they can’t be flown back by Russian pilots. On the other hand, the owners can’t use their pilots to repossess because they are banned from the Russian airspace. Add to that a ban on Russian transactions meaning the companies do not get their lease payments anymore. Count the planes as a gift.
Airlines will not be paying their Lessors
Do the banks have insurance against War interruption?
Cascade of debt failure???
It seems that lessors, airlines, insurance companies, and banks will have real headaches ahead. This is on top of Covid-induced depression.
What would future air travel look like?
This should make for some interesting episodes of “Air Repo”!
Hah!
Yup. Us too.
Planes siezed by the Russians will never need spare parts, right?
See also corruption of blood.
Breaking on the wheel is SO old-fashioned - but we can go with "corruption of blood".
once we stole their foreign reserves, all bets were off.
New companies arise from the ashes of bankruptcy and pick up assets on the cheap
The Gubmint bails out Black Rock and the other high rollers
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