Quote:
Originally Posted by FlameOn
With the new Iron Curtain 2.0 established around Russia and the whole restrictions on airspace, we are going to see a lot of increases in travel times especially for trans-pacific flights, freight, across the board increases in costs and travel times for those since no one can cross Russian airspace now and will need to fly around Russia. Wendover has a very interesting summary video on some of the more immediate impacts. An interesting thing I didn't realize was how much Russia's domestic airline fleet was going to be impacted, how there won't be any cross booking with Russian airlines now, how Russian carriers had half their fleet leased, and how Putin just authorized the huge theft of foreign property.
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It's a huge issue for the lessors. Even if they get the planes back nobody will trust the Russian maintenance records after this. And if they don't get them back soon enough will their insurers pay? The aviation war risk insurers have all already served notice they're cancelling policies. If the planes are just re-registered during a war and not actually expropriated the insurers probably won't pay even though the effect is exactly the same as an insured peril.