AerCap Halts Russia Contracts as Lessors Seek Return of Jets
- Irish firm with 150 planes in Russia falls most in two years
- Lessor AviaAM requests jets be returned by Russian customers
AerCap said it will stop doing business with Russian airlines, including Aeroflot.
Photographer: Andrey Rudakov/Bloomberg
This article is for subscribers only.
Plane-leasing firms including AerCap Holdings NV said they’ll stop trading with Russian airlines and seek the return of hundreds of jets as sanctions over the Ukraine invasion tighten, jeopardizing flights at carriers including Aeroflot PJSC.
Ireland’s AerCap, with more than 150 planes in Russia, said Monday it will comply with broad measures against Moscow imposed by the European Union, U.S. and other countries, while AviaAM Leasing China has requested that Russian carriers ground and return 13 planes.