Art By: donktown. The EU has imposed sanctions on Russia and obliged European leasing companies to take back all leased aircraft from Russia by March 28th. That's a total of aircraft. Return of aircraft! And how do you do that? The Russians said if you refuse to lease them to us, get them back yourself! How can we bring crews to Russia when the airspace in Russia, Belarus and Ukraine is closed?
We can't fly in! Once the handover has taken place at Russian airports, the planes will no longer be Russian. But a non-Russian plane is not allowed to fly in Russian airspace - it is blocked!
We won't be able to fly out! In this case, the leasing companies are the initiators of the termination of these leases. In the original calculation of the cost of fines in such a case, we are all bankrupt at once.
It's easier to go bankrupt than to take back the boards. It's cheaper. February is over and Russia has to pay the lease payments for the month. Russia is willing to pay but cannot pay because it is excluded from the Swift process. We ourselves have to pay fines because of the terminations, but in view of the lack of incoming payments from Russia we have no money for it! Even if we take back these planes - what do we do with them?
We don't need them, nobody wants them and it's impossible to sell them! The Boeings of American leasing companies are not affected. With the USD serving as both the Petrodollar for world oil trading and the preferred currency for other trade, the Federal Reserve can greatly grow the domestic money supply with fewer restrictions than other countries can grow their own because there is always demand for more USD for international trade.
