Russia’s state airline, Aeroflot, said on Saturday that it would suspend all international flights from Tuesday “due to additional circumstances that prevent the performance of flights.”
[...] Separately, Russia’s aviation authority, Rosaviatsiya, recommended on Saturday that Russian airlines with planes registered in foreign jurisdictions suspend all flights abroad from Sunday because of fears that they could be seized by foreign governments.
The suspension effectively leaves a handful of Western companies with no way of recovering hundreds of planes leased to Russian carriers. [...] According to IBA, an aviation consulting firm, there are nearly 600 foreign-owned planes currently leased to airlines in Russia. Those planes are worth an estimated $12 billion, about a third of which belongs to Irish lessors.
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