One More Noose Tightens Around Russia’s Neck

 One More Noose Tightens Around Russia’s Neck

Al Ritter

We have seen the sanctions so far against Russia, Western Banks are shutting them out of credit, Oligarchs in Russian and high society are being denied their multi-million dollar yachts.

This is a new sanction by the West, all leases to Russian Companies are demanded to be recalled!

Ireland holds the largest lease on commercial aircraft to Russia….over $2 billion in aircraft. Ireland’s now on the chopping block for $100 million a month for leases to Russian Companies for their airplanes……..that is IFF they can retrieve them and release them. This is an extreme hardship not only to Russia but to Ireland.

Visions of the popular show “Airplane Repo” on the Discovery Channel seems to come to mind but this is more of a reality and the Irish owned Company better come up with some pretty inventive ideas to recover their planes in some pretty hostile environments.

I understand their dire straits but they are the ones who invested through leases to Russian Companies thinking they were good investments into the future.

Not only will Ireland have to recover those leased aircraft, but they will most certainly have to re-lease them in a reasonable amount of time.

I surely wouldn’t want to be them!

Read More here:

https://simpleflying.com/irish-planes-russia/#:~:text=Irish%20leasing%20firms%20seek%20to%20recall%20aircraft%20As,and%20calculate%20the%20financial%20impact%20of%20impending%20sanctions.

https://www.newstalk.com/podcasts/breakfast-business/irish-lessors-to-repossess-russian-controlled-planes

https://www.irishtimes.com/business/transport-and-tourism/irish-aircraft-leasing-firms-to-sever-agreements-with-russian-airlines-1.4817878

Now it seems Lloyd's of London insurance company is cancelling insurance on the oligarchs super yachts:

https://www.superyachtnews.com/business/lloyds-superyacht-insurance-market-shakeup-underway