As we noted on March 2nd, Irish-owned aircraft on lease in Russia must be recalled by their owners as a result of sanctions against Russia. These lessors have hundreds of aircraft in Russia and are now faced with the enormous task of repossessing the aircraft that they legally own. But in light of airspace bans and a government that is seen by many to have violated international law, how will aircraft owners actually get their jets back?
Just two aircraft repossessed quickly
Sanctions imposed by the West have hit Russia hard. Not only are Russian airlines banned from European, Canadian, and American airspace, but planemakers Airbus, Boeing, and Embraer have halted the supply of parts and aircraft to the country. The situation has…
