For Russian President Vladimir Putin, victory will probably prove elusive; the US and UK are poised to stop Russian oil imports. Follow updates here.
Aircraft owners are coming to grips with the loss of hundreds of Airbus and Boeing jets that Russian carriers have effectively shielded from seizure behind a new incarnation of the Iron Curtain.
The shock from the rapid turn of events rippled through the roughly 2000 attendees gathered at the annual ISTAT Americas convention in San Diego, where Valkyrie BTO’s Gerber spoke on Monday. There, elation over the fading omicron wave of coronavirus – the bane of aviation for the past two years – gave way to talk of spiking oil prices and doomsday scenarios for the stranded jets.
In telexes over the weekend, Russian authorities urged the nation’s airlines to restrict flying to domestic routes and friendly Belarus to prevent their jets being grabbed by repossession crews lying in wait, Emily Wicker, a partner with law firm Clifford Chance, told the lessor conference.