Sanctions: BOC Aviation reaches agreement with Aeroflot
Actually, not a single leased aircraft leased to Russian airlines should fly any more. The sanctions originally stipulated that all transactions must be terminated. Returns have only occurred in exceptional cases, however, because the Russian government has passed laws that make it difficult for lessors to get their property. An enormous number of aircraft have also been transferred to the Russian Federation's aviation register without the consent of the leasing companies. This step is considered extremely controversial, because there have been no formal deregistrations in Ireland or the Bermuda Islands. However, the authorities have suspended the registrations. Some states that are not participating in the sanctions are refusing to allow aircraft that they consider to be "double" registered to use their airspace. Due to the sanctions affecting payment transactions with Russia, some carriers can no longer pay the leasing installments. The Russian government has also thought of this, in order to at least keep up appearances. The funds end up in so-called C accounts, which the lessors can access at any time - at least in theory. In practice, however, this does not work because it would be a violation of the sanctions and, what is more, the money cannot be taken out of Russia. Western lessors can do little or nothing with Russian rubles. The EU sanctions provide for the possibility of legalizing the de facto theft of the aircraft. In concrete terms, this means that a financial compensation for the aircraft can be agreed. Some lessors rely on lawsuits, which sometimes also go against the insurance companies, others on negotiations and still others on