Photo Credit: Karam Sodhi/AviationSource

Ukraine Crisis: Aircraft Lessor Withdrawal Affects Over 670 Russian Aircraft

LONDON – In the wake of aircraft leasing companies’ withdrawals caused by the Ukraine crisis, this could affect up to 670 aircraft across 17 Russian carriers.

As per Planespotters.net, the breakdown of the following 17 carriers is as follows:

  • Aeroflot: 160 out of 184 aircraft (+4 on order/planned)
  • S7 Airlines: 107 out of 105 aircraft (+14 on order/planned)
  • Rossiya Airlines: 93 out of 124 aircraft (+10 on order/planned)
  • Ural Airlines: 52 out of 53 aircraft (+3 on order/planned)
  • Utair: 26 out of 62 aircraft (+3 on order/planned)
  • Aurora: 11 out of 18 aircraft (+1 on order/planned)
  • NordStar Airlines: 11 out of 11 aircraft (+3 on order/planned)
  • Yakutia Airlines: 14 out of 15 aircraft (+1 on order/planned)
  • Yamal Airlines: 13 out of 29 aircraft
  • Pobeda: 44 out of 44 aircraft
  • Smartavia: 15 out of 15 aircraft (+2 on order/planned)
  • Azur Air: 28 out of 33 aircraft (+1 on order/planned)
  • Red Wings: 16 out of 30 aircraft (+2 on order/planned)
  • Nordwind Airlines: 43 out of 45 aircraft (+1 on order/planned)
  • Ikar (Pegasfly): 15 out of 15 aircraft.
  • I-Fly: 8 out of 8 aircraft.
  • Royal Flight: 14 out of 14 aircraft.

There are quite a few significant big hitters in Russia who will be affected by the lessor withdrawals.

For example, Aeroflot’s fleet is around 86% leased, with S7 Airlines close to around 90% leased.

There are carriers who would be wiped out completely in terms of fleet such as Nordwind Airlines, Royal Flight, I-Fly, Pobeda, and others.

We do know that leasing companies have begun processes already to seize aircraft, but this could be an extremely slow process in the wake of widespread airspace closures globally.

This is a developing story.

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