Singapore-based lessor BOC Aviation is uncertain of the fate of its 18 aircraft in Russia following the global clampdown on Russian commercial and business aviation-related activities.
By Joe Anselmo, Jens Flottau, Daniel Williams, Ron Epstein
Bank of America’s Ron Epstein joins our experts to assess the industry’s reliance on Russian metals and whether lessors could lose hundreds of aircraft.
Russia has not been able to establish air superiority in Ukraine despite a greater number of aircraft and a broad array of air-defense systems, and a senior U.S. Air Force leader said this struggle shows Russian forces are not operating in accordance with their own doctrine.
The number of Western aerospace companies cutting off support for Russian and Belarusian customers continues to increase, with conglomerate Raytheon, training specialist CAE and Honeywell joining a list that includes major airframe and engine manufacturers.
Alaska Airlines lowered its capacity outlook for the first half of 2022, a warning that rising jet fuel prices may complicate the airline industry’s recovery from the COVID-19 pandemic.
As the world emerges slowly from the grips of a global pandemic, the challenges facing the aviation sector have shifted dramatically and quickly following Russia’s invasion of Ukraine
Russian surface-to-air missile systems now have almost all of Ukraine’s airspace covered, though Russia still has not established full air superiority over the country, a senior U.S. defense official said March 8.
Bombardier has suspended all activities with Russian clients, including all forms of technical assistance as the war in Ukraine continues, according to the Montreal-based OEM.
Boeing is no longer purchasing titanium from Russia, a move that will speed up the company’s push to diversify its supply of the raw material and could affect its partnership with major supplier VSMPO-AVISMA.
The closure of Russian airspace stemming from that country’s invasion of Ukraine is forcing international operators to divert from traditional routes between the U.S. to India and the Asia-Pacific region, adding hours to their flight time, says a corporate flight department chief pilot.
Russian carrier Aeroflot is suspending all international flights starting March 8, while Eastern European ULCC Wizz Air has confirmed that four of its aircraft remain stranded in Ukraine.
Russia’s invasion of Ukraine can significantly alter mergers and acquisitions (M&A) in Western aerospace and defense (A&D), several seasoned experts said recently at separate events, including Aviation Week’s Raw Materials and Commercial Aviation Supplier conferences.
Lessors with Western-built aircraft in the hands of Russian operators face few good options on how to manage their exposed assets—from challenging repossession logistics to uncertainty over whether operators can make payments or secure aftermarket support.
Satellites detected GPS interference on the border between Ukraine and Belarus shortly before Russia invaded on Feb. 24, according to data released on March 4 by commercial space company HawkEye 360.
As western sanctions begin to take hold and Russian aircraft owners find themselves with assets they cannot use or even maintain, it is possible some will seek
The closure of Russian airspace to Finnish airlines is hitting Finnair hard as the majority of the flag-carrier’s pre-COVID revenues came from long-haul flights to Asia that overfly Russian territory.
Dassault engineers, who have put a special focus on meeting the Falcon 6X development program schedule, are facing new challenges to have the aircraft enter into service on time.
