Aviation
Commercial /
Russia
Confiscation?
Russia wants to register foreign planes as if they were its own
Airbus A320
S7 Airlines
MarcelX42, CC BY-SA 4.0, via Wikimedia Commons
Rafael Ramos
3/15/2022
Russian President Vladimir Putin signed a law proposed by the local transport ministry that allows the registration of planes leased to Russian companies in Russia. In this way, foreign planes would become Russian property. It is estimated that about 10 billion dollars will be confiscated in approximately 740 planes.
Leasing companies, mainly from the European Union, canceled the aircraft contract for Russian companies. Therefore, these planes, which represent around 80% of the Russian airlines' fleet, should be returned. The measure was taken in response to sanctions.
In practice, the law allows these planes to operate on domestic flights in Russia even without leasing payments and without support from the aircraft manufacturers. Leases must be settled in rubles, local currency. Russian airlines, meanwhile, said they are unable to pay for the lease as they have been excluded from the SWIFT system for international payments.
Josue Isai Ramos Figueroa
However, the measure by the Russian authorities will violate agreements and fundamental principles for world aviation, such as the resumption of aircraft leasing companies in the event of default.
The certificate of airworthiness (CoA) for 740 aircraft operating in Russia has been suspended. Russia improperly attempted to transfer 180 aircraft so that its civil aviation body could issue another certificate of airworthiness so the planes could operate. However, it is illegal to register an aircraft in two different countries according to article 18 of the Chicago Convention.
Most planes operated by Russian companies are registered in Bermuda, which Irish leasing companies own. According to analysts, these companies may even go bankrupt.
In practice, the safety of Russian aviation can be very compromised, since the big manufacturers no longer support these planes from Russian companies. In this way, the only way to keep the planes flying would be by cannibalizing other planes, that is, using parts from other planes.
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Boeing 777-300ER
Aeroflot
byeangel, CC BY-SA 2.0 , via Wikimedia Commons
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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