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Article

2 Mar 2022

Author:
Jamie Freed, Tim Hepher & David Shepardson, Reuters

Russia: Aviation sector isolated as Boeing suspends parts & maintenance in response to full-scale military invasion to Ukraine

Russian aviation sector isolated as Boeing suspends parts, maintenance, 2 March 2022

US airplane manufacturer Boeing said it was suspending parts, maintenance and technical support for Russian airlines as the effect of sanctions in the wake of Russia's invasion of Ukraine ripple across the global aviation industry.

The US said it would follow the European Union and Canada in banning Russian flights from its airspace, in a move likely to trigger Russian retaliation.

Boeing's announcement...came as aircraft and engine manufacturers, lessors and maintenance, repair and overhaul (MRO) providers with Russian clients face various EU and U.S. bans, including on leasing planes, exporting new aircraft and providing parts...

About 515 Russian jets with an estimated market value of about $10 billion are rented from foreign firms, according to analytics firm Cirium.

The lessors have until March 28 to wind up contracts under EU sanctions, but industry executives have expressed concern over whether Russian airlines will comply with orders to return the planes...

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Russia: Auto & aviation industries takes stock following invasion of Ukraine

Russia: Auto & aviation industries takes stock following invasion of Ukraine