It has been revealed this week that S7 Airlines has re-registered 45 aircraft to the Russia RA registration code.
This is part of a major deal made with lessors AerCap, Air Lease Corporation and SMBC Aviation Capital, western lessors who owned the aircraft previously.
Without further ado, let’s get into it…
S7 Airlines Reregisters 45 Aircraft to Russia Registration Code…
“In accordance with the agreements reached, the lessors, including AerCap, ALC, and SMBC Aviation Capital, ended their claims against Russian parties both under the insurance policies and lease agreements for these aircraft”.
As well as the 45 aircraft, four aircraft engines are also part of this deal, with this making up around 50% of the total S7 Airlines fleet.
The transaction cost the Russian carrier 45-50bn rubles, which is around 48-54m USD, but is still a big purchase made in the context of the 300 billion ruble National Wealth Fund allocated for these sorts of transactions.
Re-registration of foreign-manufactured aircraft under Russian ownership allows them to be used for foreign flights without the risk of arrest due to sanctions from the European Union and the United States.
All eyes will be on whether anymore deals will be made by airlines in Russia as well as lessors based in the West, as the path to owning such jets continues.
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