Originally Posted by
JanetFlight
Hi all...i have one doubt wich i would kindly to know your wise opinion about.
In the very case, the plane itself its a Ukr registered one »»» UR-sqo
Having in mind many airlines across the globe used and some still use irish reg planes "EI-" on their fleets (including eastern ones), i wont be doubtful about it...but on this event, besides the fact its a irish owner, we have a UR. registration...So, in this specific "incident" is it really mandatory what owner/lessor mandates, or the reg country has also a word to say and could deviate from the owner orders?
Tks in advance...JF
This is not a specialist area of knowledge to me and these documents are far to complex to summarise simply, but in general:
The hull will be insured by the lessor or the lessee (some of ours are both ways), but either way must be adequately insured at all times. A government guarantee may or may not be sufficient in this case, which we likely will find in the next days.
I don't believe the nationality of the owner actually is relevant here, and the country of registration doesn't have to be the same as the country of ownership. I flew an G- reg aircraft this morning which definitely wasn't owned by any party in the UK.
In some cases (such as Russia), EI- reg will be used due to there not being maintenance agreements between Russia and EASA/FAA. We had an EI-reg aircraft 2 airlines ago for a few months due to lessor requirements, before it was transferred onto the local register under a slightly revised agreement. That particular aircraft is currently on a VQ- reg operating for a Russian carrier.
In addition, looking at the situation with Belavia, lessors were able to easily reclaim their aircraft (although to give them credit, Belavia didn't try to hide them). I have heard from those close to the company that on the basis of the IATA initial investigation they may take legal action in Ireland and Lithuania for compensation as a result of the sanctions. (I am not getting into a debate regarding this as my personal views likely won't agree with the majority here).
In short, if contractual requirements can't be met, then it's likely that an aircraft can be taken back. These are B2B contracts, so there won't be consumer protection rights to rely on.