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Russia allows airlines to pay for aircraft lease in rubles

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The president of Russia Vladimir Putin signed a decree allowing Russian airlines to fulfill their financial obligations to foreign-registered companies in rubles. According to the decree ‘On the temporary procedure for fulfilling financial obligations in the field of transport to certain foreign creditors’, which was signed by the president on April 1, 2022, Russian airlines will be able to pay for aircraft leasing and purchase from foreign-based entities in rubles. (www.aerotime.aero) More...

Tom Novak
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Highflyer1950
Highflyer1950 8
Doesn’t really matter what Russia wants, it’s what the contract states but then again when has Russia ever honoured a contract. My guess the aircraft owners will consider the aircraft total losses and put in for insurance. Then the repo guy can go and get them….maybe?
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greategg
Joe Vasta 3
You would have to fill a 747 freighter full rubles to pay a months lease on one plane. The ruble being worth less than a penny!
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speedbird9
Marty Martino 1
At the rate the ruble has dropped, more likely they’d need that poor destroyed AN-225.
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