Aircraft lessors' plight worsens as Russia bars foreign flights

Aeroflot and its subsidiary Rossiya stopped international flights over this weekend. PHOTO: AFP
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SINGAPORE - European and other Western global aircraft lessors find themselves in a quandary after Russia barred international flights, not long after the European Union and other countries blocked Russian carriers from their airspace over Moscow’s invasion of Ukraine.

Over the weekend, Russian Federal Air Transport Agency, Rosaviatsiya, instructed Russian airlines with planes registered in foreign jurisdictions to suspend all flights abroad because of fears that they could be seized by foreign governments.

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