British intelligence officials say they have seen evidence of low morale among Russian forces in Ukraine, with personnel sabotaging their own equipment and accidentally shooting down Russian aircraft.
The board of directors of the U.S. Export-Import Bank met for the first time under President Biden’s Senate-approved pick to run the bank, Reta Jo Lewis, and quickly doled out financial assistance for Boeing’s embattled airliner supply chain.
While the immediate effects of the Russia-Ukraine war appear to be limited on European air travel demand so far, the invasion has the potential of creating a multi-layered fallout that may have longer-lasting effects than the pandemic.
As Russia’s invasion of Ukraine continues and millions flee their homes, members of the business aviation industry around the world are privately and publicly lending support with their aircraft, services and funds.
AerCap is the most exposed of any Western lessor to recent developments in Russia with a fleet of 135 aircraft and 14 engines leased to customers in the country.
The supply of aircraft spare parts and maintenance services was banned by the EU along with the delivery and lease of commercial airliners in early March in response to Russia’s invasion of Ukraine.
As the EU enforces sanctions against Russia for its invasion of Ukraine, Europe’s air transport industry has new problems to solve, ranging from the financial health of its carriers to air traffic management and a post-war relationship with Russia.
Forty GOP members of the House and Senate Armed Services Committee called for a 5% increase in the Pentagon’s budget in a March 23 letter to President Joe Biden, while the Democratic leader of the Senate panel is urging some patience and to wait for a new strategy.
Viasat is still working to restore internet to some of its users after a suspected Russian cyberattack took thousands of KA-SAT satellite terminals in Europe offline starting Feb. 24.
The U.S. defense industry needs multiple, simultaneously running production lines for key equipment such as munitions and drones to maintain a healthy stockpile for potential conflicts and avoid supply chain problems that could damage national security, the nominee to lead Pentagon acquisition told lawmakers.
Turkey’s government says it is working with both the Russian and Ukrainian governments on the safekeeping and ultimate return of two of its A400M airlifters stranded in Ukraine.
Russian airlines have very limited capacities for international services despite the government forcing airlines to relocate most of the Western-made airliners to the domestic registry, Russian Transport Minister Vitaly Savelyev said March 22.
