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Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes domestically
https://www.cnbc.com ^ | MAR 14 2022 | Leslie Josephs

Posted on 03/14/2022 9:46:12 PM PDT by Enterprise

Foreign aircraft lessors seeking to recover some $10 billion worth of planes from Russia were dealt a new blow Monday when President Vladimir Putin signed a law clearing the country’s airlines to fly the planes domestically.

Sanctions and reciprocal airspace closures in response to Russia’s invasion of Ukraine last month have cut off the country’s air travel market. Boeing and Airbus have said they will no longer supply parts to its airlines. That could force carriers to cannibalize other jets for parts.

There are some 728 Western-built aircraft in the country’s airlines’ fleets, 515 of them leased by foreign lessors, according to Jefferies. Under European Union sanctions, aircraft lessors — some of which are based in EU member Ireland — have until March 28 to recover the planes.

Under the new rules set Monday, the Kremlin will allow the country to provide airworthiness certificates to the planes and register them in Russia, according to state news agency Tass. The law was in the works last week.

(Excerpt) Read more at cnbc.com ...


TOPICS: Miscellaneous
KEYWORDS: chechens; chechnya; gangster; pootypoot; putinsbuttboys; putinworshippers; russia; russianaggression; thug; ukraine; zottherussiantrolls
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I seem to recall that a past President looked into Pooty Poot's eyes. Something about seeing a soul.
1 posted on 03/14/2022 9:46:12 PM PDT by Enterprise
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To: Enterprise

If you are going to play, play to win whatever the cost may be.


2 posted on 03/14/2022 9:50:16 PM PDT by algore
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To: Enterprise

“There are some 728 Western-built aircraft in the country’s airlines’ fleets, 515 of them leased by foreign lessors”

LOL.


3 posted on 03/14/2022 9:51:26 PM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: Enterprise

So he stole them.

L


4 posted on 03/14/2022 9:54:25 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Enterprise

Won’t be long before they start dropping out of the skies without parts or maintenance.


5 posted on 03/14/2022 9:56:05 PM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: Enterprise
This sounds like a job for Repo Man!

Bud : Credit is a sacred trust, it's what our free society is founded on. Do you think they give a d*** about their bills in Russia? I said, do you think they give a d*** about their bills in Russia?

Otto : They don't pay bills in Russia, it's all free.

Bud : All free? Free my a**. What are you, a f****** commie? Huh?

Otto : No, I ain't no commie.

Bud : Well, you better not be. I don't want no commies in my car. No Christians either.

6 posted on 03/14/2022 9:56:35 PM PDT by KarlInOhio (If Hitler invaded Hell, I would make at least a favourable reference of the Devil...-Churchill)
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To: Enterprise

Think of them as flying yachts that no longer belong to the previous owners. It’s rough to get back exactly what you deal out I guess. LOL


7 posted on 03/14/2022 9:56:56 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Lurker

So?


8 posted on 03/14/2022 9:57:44 PM PDT by MinorityRepublican
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To: Enterprise
I seem to recall that a past President looked into Pooty Poot's eyes. Something about seeing a soul.

Booosh, McCain, and Hitlery all said they could see Putin's soul. I don't know where they got this spiritual power, but maybe its why they are allowed to rule over us.

9 posted on 03/14/2022 9:58:22 PM PDT by PGR88
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To: Lurker

Why stole? It was a gift. The Western skies are closed to Russian carriers, so they can’t return the planes. Transactions are blocked and they can’t pay the lease as well.


10 posted on 03/14/2022 9:58:55 PM PDT by NorseViking
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To: NorseViking

So they quit paying the lenders and are keeping the planes.

Where I come from we call that stealing.

L


11 posted on 03/14/2022 10:00:32 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Lurker

What do you call it when we grab yachts, apartments and bank deposits of foreigners?


12 posted on 03/14/2022 10:01:39 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Lurker

Nope, stealing is confiscating whatever assets belonging to the Russians in Europe worth above $200k, over the fact of being Russian, regardless of connections to the government.

Keepings something the other side barred you from returning and not paying the lease because the other side blocked payments is obviously not stealing.


13 posted on 03/14/2022 10:05:03 PM PDT by NorseViking
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To: Enterprise

Any luxury yachts he can seize?


14 posted on 03/14/2022 10:05:46 PM PDT by McGruff (A lie can travel around the world and back again while the truth is lacing up its boots)
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To: Enterprise
Sanctions and reciprocal airspace closures in response to Russia’s invasion of Ukraine last month have cut off the country’s air travel market. Boeing and Airbus have said they will no longer supply parts to its airlines. That could force carriers to cannibalize other jets for parts.

Or reverse engineer the parts and start manufacturing them locally.
15 posted on 03/14/2022 10:06:17 PM PDT by AnotherUnixGeek
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To: AnotherUnixGeek
"Or reverse engineer the parts and start manufacturing them locally."

They did it in WWII when B-29's had to land in Vladivostok after bombing Japan.

This Is The Story Of How The Russians Reverse Engineered The Boeing B-29 Superfortress

16 posted on 03/14/2022 10:12:10 PM PDT by Enterprise
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To: McGruff
"Any luxury yachts he can seize?"

He will if they are in the general area of Sevastopol or Odessa.

17 posted on 03/14/2022 10:13:44 PM PDT by Enterprise
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To: DesertRhino

I call it stealing.

I like to be consistent.

L


18 posted on 03/14/2022 10:21:23 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Enterprise

This devolving irrational security situation is snowballing so fast that it may take extreme prejudice in this hemisphere to put a stop to it.


19 posted on 03/14/2022 10:32:48 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: Enterprise

This is a frightening demonstration of globalized tyranny. You can check out any time you like, but you can never leave. It’s just like the “Hotel California.”

This should show the world how every human can be cancelled off the face of the Earth by global government.

You either go along with the tyranny of the mob or you are as good as dead.

No further access to money. No travel. No job. No place to rent or buy. Anything you own is taken away.

All of this transpires suddenly, without warning or lawful due process, because you happen to be a citizen of a country now the focus of a worldwide hate campaign (whether or not you are an active part of any actions by the target country).

What is being demonstrated clearly in this lynching is hysteria and propaganda drowns all notions of liberty and turns “justice” over to an irrational mob.


20 posted on 03/14/2022 10:33:58 PM PDT by Gnome1949
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