Originally Posted by
ATC Watcher
Interesting , thanks Denti and Plane Speaker., so basically if China (or the local airport) does not support the repossession, nothing is likely to happen .And if , as you say, the biggest lessors are China based , it means that China in fact hold the future of Russian civil aviation in their hands. I am not sure Putin had thought of that before he started this "special military operation" ..
No, it is not the biggest lessors, just some of the bigger firms are now chinese. The biggest lessors are Irish though, thanks in large to the very accommodating laws there making it essentially a tax haven for that industry.
Now, Russia ups it's game, by drafting a law that basically says that leasing rates have to be paid in rubles, and if a lease is terminated a government commission then has to decide if the plane may be returned (in accordance with the Cape Town Convention) or not, which of course would be a violation of that convention.
https://www.reuters.com/article/ukra...-idCNL5N2VD26B