Russia’s invasion of Ukraine and the continuing sanctions enacted in response are causing uncertainty across the business-aviation sector, several speakers said during a discussion held as part of the British Business and General Aviation Association’s (BBGA) conference on March 10.
Despite Russia’s invasion of Ukraine, Russia’s Roscosmos space agency has assured the U.S. that NASA astronaut Mark Vande Hei will be returning to Earth from the International Space Station as planned aboard the Soyuz MS-19 that is set to land in Kazakhstan on March 30.
Russian airlines, bolstered by a new law that permits them to re-register foreign aircraft as their own property, are moving their foreign-made aircraft from foreign jurisdictions to the Russian registry to continue their operations amid Western sanctions.
Traffic in the European region reached 73.6% of 2019 levels in the week to March 13, European network manager Eurocontrol said, despite the disruption and uncertainty caused by Russia’s invasion of Ukraine which is having a significant impact on aviation.
By Molly McMillin, Lee Ann Shay, Bill Carey, Angus Batey
Unprecedented sanctions on Russia following Vladimir Putin’s invasion of Ukraine are affecting every aspect of business aviation around the globe. What does it mean and what is to come?
Russian airlines are looking for ways to continue airworthiness of their foreign-made aircraft now that access to European spare parts and MRO services has closed due to the EU sanctions.
The drawdown of the omicron coronavirus variant was supposed to usher in a return to profitability for airlines in 2022, but the recent surge in global jet fuel prices following the Russian invasion of Ukraine has dashed those hopes for the time being.
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.