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Western planes worth $13bn stranded in Russia, analysts say
Reinsurance News ^ | 10th March 2022 | Matt Sheehan

Posted on 03/12/2022 5:41:15 PM PST by TigerLikesRoosterNew

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To: Secret Agent Man

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.


21 posted on 03/12/2022 7:06:36 PM PST by NorseViking
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To: TigerLikesRoosterNew

Airlines will not be paying their Lessors
Do the banks have insurance against War interruption?
Cascade of debt failure???


22 posted on 03/12/2022 7:17:38 PM PST by Steven Tyler
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To: Steven Tyler

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?


23 posted on 03/12/2022 8:00:19 PM PST by TigerLikesRoosterNew
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To: TigerLikesRoosterNew

This should make for some interesting episodes of “Air Repo”!


24 posted on 03/12/2022 8:43:10 PM PST by The Duke (Search for 'Sydney Ducks' and understand what is needed.)
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To: The Duke

Hah!


25 posted on 03/12/2022 8:51:17 PM PST by miserare ( Respect for life--life of all kinds-- is the first principle of civilization.~~A. Schweitzer.)
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To: nascarnation

Yup. Us too.


26 posted on 03/12/2022 8:54:43 PM PST by tinamina
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To: TigerLikesRoosterNew

Planes siezed by the Russians will never need spare parts, right?


27 posted on 03/12/2022 9:58:06 PM PST by Colinsky
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To: kiryandil

See also corruption of blood.


28 posted on 03/12/2022 10:03:43 PM PST by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: grey_whiskers
See also corruption of blood.

Breaking on the wheel is SO old-fashioned - but we can go with "corruption of blood".   winking face

29 posted on 03/12/2022 10:08:50 PM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: Secret Agent Man

once we stole their foreign reserves, all bets were off.


30 posted on 03/12/2022 10:57:04 PM PST by WoofDog123
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To: TigerLikesRoosterNew

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


31 posted on 03/13/2022 7:09:19 AM PDT by Steven Tyler
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