Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR
usdcaguy wrote:As long as countries like Turkey and the UAE continue to profit from the war by allowing Russian carriers to land at their airports and permit their own carriers to operate to Russia, none of what the EU are doing to block Russian carriers will significantly restrict the ability of Russians to travel.
zeke wrote:usdcaguy wrote:As long as countries like Turkey and the UAE continue to profit from the war by allowing Russian carriers to land at their airports and permit their own carriers to operate to Russia, none of what the EU are doing to block Russian carriers will significantly restrict the ability of Russians to travel.
Both Turkey and the UAE are signatories to the Convention on International Interests in Mobile Equipment on Matters specific to Aircraft Equipment. Owners can have aircraft seized there through the local courts under that protocol.
Source https://www.icao.int/secretariat/legal/ ... rot_EN.pdf
usdcaguy wrote:Additionally, if Turkey and the Emirates recognize the new Russian registration of aircraft "formerly" owned by EU or US lessors, there's no legal recourse, as the registrations will not show the leasing companies as the rightful owners.
Boof02671 wrote:Did you all see how Turkey is helping them circumvent this?
1.5 million seats.
https://simpleflying.com/turkish-airlin ... rists/amp/
RR757 wrote:I think the EU have little choice given the sanctions. It’s almost irrelevant with Russian aircraft unable to fly over the EU and UK and most global countries bar a few like Israel, UAE, Belarus.
TokyoImperialPa wrote:RR757 wrote:I think the EU have little choice given the sanctions. It’s almost irrelevant with Russian aircraft unable to fly over the EU and UK and most global countries bar a few like Israel, UAE, Belarus.
The only regions that have banned Russian planes are the EU and the Anglosphere, and possibly restrictions in South Korea, Taiwan and Japan to a limited degree in accordance with their traditional mantra of following whatever the US does. The rest of the world allows Russian planes to go freely and continue to serve the market.
casperCA wrote:Boof02671 wrote:Did you all see how Turkey is helping them circumvent this?
1.5 million seats.
https://simpleflying.com/turkish-airlin ... rists/amp/
Per the article, Turkish has significantly reduced the number of flights into Russia. It has also stopped flying Russian nationals to destinations beyond Turkey. Sounds like it is limiting options for Russians.
zeke wrote:usdcaguy wrote:Additionally, if Turkey and the Emirates recognize the new Russian registration of aircraft "formerly" owned by EU or US lessors, there's no legal recourse, as the registrations will not show the leasing companies as the rightful owners.
The certificate of registration does not indicate ownership at all, that is basically the reason why the Capetown convection came about. Under the Capetown convention there is a single international registry for aircraft and engines, and that is done by serial number, the registration mark is not relevant.
Russia ratified the Capetown convention in 2011. If a Russian law or court was to nationalise the aircraft owned by foreign interests, as this has happened after Russia ratified the convention any such change would not change the priority for the original party on the international register.
usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
scbriml wrote:usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
USAirKid wrote:scbriml wrote:usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
Even if that’s the case, are the Russian airlines sending planes that lessors would be able to monetize? I’ven’t looked, but I’ve read here that there is a priority to fly Russian built and designed jets to destinations outside the country. Even if a non Russian airline wants to fly one of those, they couldn’t get parts in many countries, making plane unflyable and more or less worthless.
scbriml wrote:USAirKid wrote:scbriml wrote:
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
Even if that’s the case, are the Russian airlines sending planes that lessors would be able to monetize? I’ven’t looked, but I’ve read here that there is a priority to fly Russian built and designed jets to destinations outside the country. Even if a non Russian airline wants to fly one of those, they couldn’t get parts in many countries, making plane unflyable and more or less worthless.
It's still obviously worth something to the airline operating it. If the only plane Aeroflot could operate to Turkey was the SSJ and they were being seized as soon as they land, that's going to hurt Aeroflot one way or another. Yes, it may not be worth much in money terms to the aggrieved party, but it's more pressure and inconvenience on the airline.
fpetrutiu wrote:
Sure, but a quick filter for Russian airlines on flightradar24 will give you a good picture of the effect... right now, no plane belonging to a Russian airline is outside Russia or Belarus... not one...
scbriml wrote:usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
usdcaguy wrote:scbriml wrote:usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
That would only work if that specific aircraft were used as collateral. You can’t just take something from someone because they owe you something. You would have to get the court with jurisdiction over the agreement to put a lean on the other aircraft due to nonpayment, and the courts in the country where the aircraft are to be confiscated would have to recognize the lean.
usdcaguy wrote:scbriml wrote:usdcaguy wrote:Meanwhile, I imagine the Russians are also trying to avoid seizure by only flying owned aircraft or those held by Russian lessors into those countries.
I suspect any asset of a defaulting airline could be seized, especially if owned, and used as collateral against debts. Obviously that requires proper court approvals and the assistance of the 3rd country.
That would only work if that specific aircraft were used as collateral. You can’t just take something from someone because they owe you something. You would have to get the court with jurisdiction over the agreement to put a lean on the other aircraft due to nonpayment, and the courts in the country where the aircraft are to be confiscated would have to recognize the lean.