Russia moves to seize hundreds of leased aircraft

On 14 March, Flight Global reported that Vladimir Putin has moved to effectively seize hundreds of aircraft currently operated by Russian carriers from foreign lessors.  He signed a law that allows the jets to be registered in Russia, in essence confiscating them from their overseas owners, retaliating against sanctions.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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