The implications of the sanctions on Russia for aircraft leasing
March 3rd 2022: It is estimated that of the 980 commercial passenger jets currently in operation with Russian carriers 777 are leased. Of these, 515 jets with an estimated value of $10 billion are leased from non-Russian lessors. On sanctions, f one lessor, speaking to Aviation Finance said ‘of course, you have to terminate those contracts as there are specific clauses requiring you to abide by the sanctions. But even though, under the lease terms, aircraft are required to be put into return condition, how can do you do that within one month? How do you get the spare parts, for example?’