Hundreds of Russia plane leases to be axed after EU sanctions

There are going to be a lot of repossessed leased airliners in Russia coming back to their lessors.

From Reuters:

“Lessors are set to terminate hundreds of aircraft leases with Russian airlines following Western sanctions over the invasion of Ukraine that require the contracts be cancelled.

AerCap Holdings, the world’s biggest leasing company, said on Monday it would cease leasing activity with Russian airlines, while BOC Aviation said most of its leases in Russia would now have to be terminated by March 28.”